Adam Estes writes that Apple’s future looks rotten, based on the premise that Apple is no longer about hardware, but about software and services too.

If Apple’s future really is all about services and not about hardware, what a rotten future that is. It probably won’t be rotten for Apple, a company with nearly $240 billion of cash on hand. Apple is rich and will almost certainly find all kinds of new ways to get richer. If that involves taking money from people in the form of subscriptions and fees instead of fun new gadgets, well, that sucks for Apple fans.

Mr. Estes links Apple’s “innovation nap” with the arrival of the bear market we seem to be heading in. I’m personally not sure why this means the company’s future is rotten, but doom and gloom stories sell better than happy stories.

Check It Out: Apple’s Future With Hardware, Software, and Services

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