To certain extent this analysis is right, but there's also one other company that you must consider when thinking about this, and that's Google. They have also not focused on profits, and at least, in theory, have tried to create amazing products. Unfortunately, they neither have great products or great profits. You can be like Apple and focus on building great products but keep Google in mind and ask why their stock price is stagnant for last 5 years now.
Yes, Apple focuses on products but it also focuses on profits by optimizing operations and pricing products correctly. Unfortunately, at Google, they haven't done either well. They are still a search company which runs on the grace of AdWords.
Yes, Android is successful but compared to iPhone platform it is significantly behind in terms of profits - in fact, still loosing money considering Motorola acquisition was essentially to stave off patent attacks on Android.
Yes, Apple focuses on products but it also focuses on profits by optimizing operations and pricing products correctly. Unfortunately, at Google, they haven't done either well. They are still a search company which runs on the grace of AdWords.
Yes, Android is successful but compared to iPhone platform it is significantly behind in terms of profits - in fact, still loosing money considering Motorola acquisition was essentially to stave off patent attacks on Android.