I agree with most of what you said, but Apple is still one of the few big techies that is relying on making better products to increase revenue. All the others have gone down the path of "how do we trick people into transferring their money to us?". In that sense, Apple is exceptional. Their consumer grade hardware, for example, is still unmatched and try as they might nobody has come close.

If I had to bet on one big techie I'd choose Apple, which is probably why their stock has been so resilient. Simultaneously I hope regulators come down hard on the anti-competitive behaviour by Apple (and the others), but I think we're far more likely to see an increase in corruption than a decrease over time.