That's what happens when your stock sports a price-to-earnings ratio of 3,000: Tortured hordes of envious bears love to mindlessly dog you.
Get it straight: Apple is good for Amazon. Amazon is good for Apple. Both companies know this.
Amazon's recent "attack" on Apple -- the one where it illustrated at Amazon.com how much "better" the new Kindle Fire lineup is than iPad -- was a smokescreen. It's meant to intensify this notion of a grand battle.
Jobs -- his role now played somewhat admirably by Tim Cook -- and Bezos are just fine dictating the flow of a world where Microsoft pokes in the dark, embarrassing itself with repeated failed product launches. A world where Google (GOOG) does nothing but take up hobbies and undercut on price.Consumers and the enterprise will continue to use Apple products to buy Amazon merchandise. Both companies could not be happier with that presently-comfortable status quo. -- Written by Rocco Pendola in Santa Monica, Calif. Follow @rocco_thestreet
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV