Those are mergers and acquisitions. I said Apple needs to find new product categories outside of consumer electronics. They were going to make a car at one point but the project imploded.

It's really not healthy for a company to build a whole constellation of products and services around one product only. It creates unnecessary risk because if that product ever sours, everything will fall apart.

As of last quarter, only 48% of Apple’s revenue comes from iPhones. For Apple, the Mac and iPad markets are both tiny - at around 10% of their revenue - that revenue by itself would put it in the top 100 companies in the F500.

None of the tech giants are well diversified - with Google being the least diversified. Facebook just buys up competitors.

Amazon has retail and AWS. Microsoft has software and Cloud.