We discuss Apple\u2019s recent results, why analysts get Apple wrong, the fraught nature of fans, epistemic closure, and whether the iPhone can continue to grow. Links Ben Thompson: Bad Assumptions \u2013 Stratechery Ben Thompson: Apple the Black Swan \u2013 Stratechery Ben Thompson: Best \u2013 Stratechery Ben Thompson: Smartphone Truths and Samsung\u2019s Inevitable Decline \u2013 Stratechery James Allworth: Who Cares if Samsung Copied Apple? \u2013 Harvard Business Review (note: due to a website redesign the comments have been lost) Marco Arment: Apple Has Lost the Functional High Ground \u2013 Marco.org Marco Arment: What It\u2019s Like to be too Popular for a \u2026 Continue reading Episode 033 \u2013 Apple Fans and the Future