Electronics/handset manufacturers have a 95% chance of becoming the next Apple and given that their execution/marketing/technology/etc is 5% behind/off doesn't

Electronics/handset manufacturers have a 95% chance of becoming the next Apple and given that their execution/marketing/technology/etc is 5% behind/off doesn't value them at $450bn, i.e. the market doesn't expand with new players, and FBs network effect is too large to ignore.