Some are arguing that the Apple iPhone premium is on its way to zero. I call "bullshit". Granted, iPhone’s model is mutating quickly different than most of us expected — the company has been too slow launching in new markets; it has been too slow bringing out the SDK — but the factors driving that are disappearing quickly. This is classic market misbehavior.
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You mean the market misbehavior is that the market pushed AAPL to double an already overvalued stock price on batshit-crazy theories like the iPhone premium, right? Right?