And he wants Apple to buy Amazon and install Jeff Bezos as CEO. At least he's good for a laugh. Even with all Apple's cash, they couldn't afford to buy Amazon for what Bezos and the believers would want, if they would sell at all. Why would you sell the future of retailing? In ten to fifteen years, they'll be making more money than anyone could imagine. If you have a newborn infant, buy some AMZN stock for their education and put it away. There will be enough money there to go to any university they want.
Big mistake to extrapolate.
"In ten to fifteen years, they'll be making more money than anyone"
They said the same thing about Home Shopping Network 30 years ago, and SEARS and Montgomery Ward 60 years ago, and CROX shoes 5 years ago.
They can money at anytime that is why the PE is so high but rather show they can make money they would rather spend money to blow out competition. Once they are done spending it, is when they will show tremendous earnings