> Which pretty much shows that the market value of a company is not based on what they sell today, but on the expectation of what they will sell tomorrow. Just

> Which pretty much shows that the market value of a company is not based on what they sell today, but on the expectation of what they will sell tomorrow. Just looking at the "Apple vs. Alphabet Market Capitalization Over Time" chart, this story appears to be as much about Apple falling as it is about Alphabet rising. And in that case I see what Apple is selling today. iPods are obviously on the way out. iPads have been losing to cheaper tablets for a while now. Macs have been neglected to the point you can't even get one with a Skylake CPU. And now, the last week's news that iPhone sales are in decline. It seems Apple's fall is all about what they are (not) selling today.