Is Apple the New Bank?

Why rob a bank when you can rob one of the richest companies in history? A New Year’s Eve attack in a Paris Apple store left Apple Inc. (NASDAQ:AAPL) with £1 million less in inventory than when the day started.

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Apparently, the black market for Apple products is thriving in France. As a result, Tim Cook may need to increase the line item expenses for retail outlet security guards and equipment. The Daily Mail reported, “Casual thefts of Apple technology are commonplace in France, but this is by far the biggest and best organised raid on a store in Paris, as well as being the first time that guns have been used in such a raid.”

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