RUSH: Now, hang on a minute, folks. Supposedly, there’s a rumor out there that there’s a new beta coming from Apple. Real quick here. Not yet. Not yet. If it doesn’t happen in the next 10 minutes, it’s not gonna be today. Okay. (interruption) Trillion-dollar value for Apple? Pfft! Bragging rights. I mean, it’s not… Pfft! They’re just the first to get there. It’s a big deal. What do they sell? Stop and think of this. What do they sell? They sell iPhones. (interruption) No, the iPhone is what… (interruption) Well, no, the services business for Apple is approaching $9 billion to $10 billion a year, which is a Fortune 300 business in and of itself.
They sell about 20 million iPads. It just keeps feeding on itself. So it just… It’s not oil. You know, it’s not a fossil fuel. It’s a phone, for crying out loud! Anyway, I don’t want to go there. Snerdley asked me, “What’s the meaning of the trillion-dollar valuation?” Whatever goes up can come down, I guess; I don’t know. I do know this: If you owned… If you’d purchased $1000 of Apple stock, what, five years ago? It’d be worth $10,000 today. It’s gone through the roof.
Related Links