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> Apple -- at 20% or so in most of the world's economies

Apple has 17% (and dropping) of the mobile market share in Europe and around 9% in computing.

There aren't many other richer economies in the World.

Ferrari is worth now more than General Motors and Ford, so market share and net worth are not comparable.

Their market share is small because they make a luxury limited edition product.

They limit their production capacity to around 10 thousands cars/year (all sold in pre order), Apple is trying to sell as many devices they can.

There are no Ferrari Store where you can buy a Ferrari and drive it home half an hour later.

It's not a small difference.

Last but not least, there is a lot more competition between car manufacturers, even in the most expensive segments, Apple devices are only made by Apple.

Hyundai, for example, had a net income of over 3 trillion in 2019, Apple net income is measured in tens of billions.




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