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Apple Confronting a Law Of Limits
- robrenaud 15y agoDoes the law of large numbers really apply here? We aren't estimating the mean of a bunch of independent events sampled from one distribution. Apple doing very well strengthens its brand, enables it to get the benefits of economies of scale, allows it to pay for better talent, etc. There are all kinds of correlative effects of doing well now to doing well in the future. Of course, it very well might be saturating the markets for luxury consumer devices. But the LLN says nothing about and has nothing to do with saturation.