It's no coincidence that after Adobe introduced a subscription in 2013 that this was the inflection point in which the stock grew 10x over the following decade. The previous decade it only grew 3x.
If you want to make any meaningful statement at all, I guess you'd need to look at the performance of Adobe stock compared to eg the S&P500 index. (Oh, and be sure to look at the total performance, ie with dividends re-invested. Don't look just at the share-price.)
So why not just comment with exactly this?
Here is a comparison of ADBE and SPY, which ADBE correlates very strongly to SPY, and also in this analysis is AAPL which severly outperformed the SP500:
2003 -> 2013 https://www.portfoliovisualizer.com/backtest-portfolio?s=y&s...
2013 -> 2023 https://www.portfoliovisualizer.com/backtest-portfolio?s=y&s...
See the difference?
Guess I’m a Toyota subscriber as in 10 years I’ll be buying a new Tacoma
For me I got a 14 for upgraded GPS and satellite, no plans for a 15. My dad is on a 12 and my mom a 10 and totally content. I think my brother has an 11. Most people I know don’t obsessively buy upgrades and those I know who do are actually split between Apple and android- and do it with other things too ie it’s the personality behind it not the company “tricking” them. Some ppl even do it with cars wanting the latest
Thanks for providing the data. Sorry, I was on mobile, so had a harder time finding the numbers in a way that I can share.
> See the difference?
For anyone following at home, here's the important bit for the earlier period:
> The risk adjusted return of the portfolio [Adobe], measured by the Sharpe Ratio, was 0.57. Whereas the Sharpe ratio of the benchmark [S&P500] was 0.57.
And for the later period:
> The risk adjusted return of the portfolio [Adobe], measured by the Sharpe Ratio, was 0.93. Whereas the Sharpe ratio of the benchmark [S&P500] was 0.69.
Thanks!