Sitting here today in 2021, I have a very high level of confidence that this will not be happening to Apple any time soon. IBM ( IBM) dominated computers and high end office equipment for 80 years until they didn’t. Success in tech is notoriously hard to maintain.

What it adds up to is a company that is prepared for the future, whatever that may bring.

A cash pile and cash flows to back up their ambitions.

When everything is taken into account, iPhone gives a lot of value for the price.

While the sum of their parts is impressive, the Apple ecosystem makes it so much more.

ESG focus years ahead of everyone else.

They are the only megacap who sees privacy and security as a differentiator and marketable feature, not as a cost-center.

They have the best corporate organization.

They have the best product development process.They have the most complete and unique tech stack in the world.Over the years, the reasons I remain an Apple shareholder have grown: Since 2005, I have been a continuous shareholder and have never sold a share. I was first an Apple shareholder in 1982, but I sold those shares when Steve Jobs sold his. For example, the last one was about the implications for Apple should they be forced to back off their App Store rules, whether through courts or regulation.Īlmost a year ago, I began breaking my conclusions about Apple stock into two sections: one for investors who are into Apple for the long haul like I am, and a section for those whose time horizons are much shorter than “I hope to die with these shares.” This article is for the Die With These Shares Crowd. Mostly, I write about what is happening now. I write a lot about Apple ( NASDAQ: AAPL), 15% of my articles here at Seeking Alpha since I started in 2018. Nikada/iStock Unreleased via Getty Images The Long-Term Apple Thesis

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