In the context of this thread, the point I was trying to make is that Apple's earnings being "analysed" by Wall Street is best illustrated by an old Malay proverb ~ "You can see a germ across the river, but not the elephant in front of you"
Apologies if I derailed this thread, my assertion was simply that Apple with $80 in cash reserves it can become a large financial institution in and of itself.
Yes, blatant activism on my part but I wanted to highlight the complete failure of the US and global financial system whereby Apple as the best performing (by all kinds of metrics) company in the history of modern enterprise can "disappoint"... Who is it disappointing? Only those that want to destroy the value of our lives... monetary and otherwise. Yes, I understand "disappoint" should not be taken out of context as it is a common financial analysis term.
Nonetheless, without further ado, let's take the discussion to:The Banking Scam, Fractional Reserve and How Apple Can Be An $800 Billion Bankhttp://forums.appleinsider.com/showthread.php?t=134425
1. With $80 billion in reserves, hypothetically, Apple can be an $800 billion bank
2. Wall Street and the Banking System is the biggest scam in our lifetime
3. Juxtaposition of the above two points can be used to help us understand Fractional Reserve and it's insidious nature