Dennis Berman at the WSJ writes:
“Apple is unlikely to be as sustainably profitable as it is today. All these things are consumer electronics. In the software race they’re losing to Google, and Google is giving it away for free. Android is likely to be the Windows of the mobile world, and Apple is likely to be a minority system. The open system has always won. Always.”
I had called Bruce Greenwald, a Columbia University business school professor, looking for perspective on a column about Apple’s mounting cash pile (now at $59.7 billion, mind you.)
As you can tell from his comments above, he had a lot to say.