AAPL - Alphabet: Unhealthy Appetite
On Christmas Eve, my previous research extolled the benefits of buying Alphabet (GOOG, GOOGL) despite doubts that the company would successfully transition to material hardware sales. The company appears to have an unhealthy appetite for hardware with the latest purchase suggesting another losing push into smartwatches. Regardless, the stock remains a buy even after a $115 rally in under a month to over $1,100.
Image Source: Google Wear OS website
Unhealthy Hardware Focus
My history on Alphabet has constantly complained about the company wasting money on "Other Bets". In Q3, Alphabet