Apple is being targeted by regulators, but investors looking beyond these threats can't see any significant long-term damage to the firm's money generating power.
When Margrethe Vestager, the European Union's executive vice-president, this week launched a two pronged attack on Apple for anti-competitive behaviour the company's shares went up in value.
There are at least two possible explanations for this contrarian reaction to regulatory moves that are likely to lead to billions of dollars in fines.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
