I’ve been following Apple for over 20 years. I thought it’d be a good pick then. It was. Still is, albeit less so. One thing that my friends who follow Apple and I (call us rabid fanboys if you want, although we can also be deeply skeptical) have observed is that pump and dump happens continually with this stock. Last year the story was that nobody wanted the iPhone 8 and shipments were down. Then it turned out everyone was buying the iPhone X and shipments were up. This will happen again and again and again and these stories about Apple’s suppliers bleeding are constant. Apple products have become very expensive, which is not good for the consumer, but the new iPad Pros and new iPhones are incredibly slick and well made, much better than last year’s generation. Eventually the pendulum will swing the other way and new, stratospheric highs will be reached.
Facebook I’m more concerned about. It’s not popular with kids, nothing it does to grow sticks. If there was an alternative, it’d be gone overnight. Remember MySpace? Or Friendster? Facebook is bigger, but it’s enormously hated.
Netflix is at its limit. Who doesn’t have Netflix now? I have no idea how it could grow, short of buying Hulu, which isn’t really growth. If Amazon ramps Prime video up so that it’s no longer second best, or if Hulu starts carrying a lot more movies, then Netflix could dwindle fast. For every Stranger Things, there are ten series nobody cares about.
Google, sadly, is unstoppable. We virtually live on it now. How much growth it has left is also unclear, although it’s likely to be more than Facebook or Netflix. Here’s another company that could clean Netflix’s clock if it turned Youtube Red into a serious Netflix competitor. They made a LOT of mistakes though (Google Wave, Google Plus, etc. etc.). E