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Looking at the long term chart, Apple seems to get pounded extra-hard in recessions. No surprise, as they essentially sell luxury goods. Corporate-wise, it hard
by mynameishere 18y ago
Looking at the long term chart, Apple seems to get pounded extra-hard in recessions. No surprise, as they essentially sell luxury goods. Corporate-wise, it hardly matters what they do now since their balance book is (extremely) healthy, but they've got 2 years of hard times, if history is a guide.
- netcan 18y agoEven worse, a luxury product (often) in a market where purchases can be deferred 12-18 months if necessary.