"The market allocated them all of this capital because we trust them to make these big bets that no other hardware company can make, to move technology forward"

"The market allocated them all of this capital because we trust them to make these big bets that no other hardware company can make, to move technology forward" You might, I certainly don't. Corporations aren't your friends and aren't something to mythologize They make money because they sell popular products and collect 30% of a lot of other companies operating on the things they sell