They are increasingly relying on having full control of their ecosystem to maintain their "monopoly", and with all the risks brewing in the horizon - its price is pretty high.
People extrapolate the present too much into the future, but much of life does not work that way.
I expand on my thoughts in this piece: https://www.philoinvestor.com/p/downside-at-apple-a-10x-in-1...
They are increasingly relying on having full control of their ecosystem to maintain their "monopoly", and with all the risks brewing in the horizon - its price is pretty high.
People extrapolate the present too much into the future, but much of life does not work that way.