[geeks] AAPL > IBM

[Jonathan Katz]

On 10/23/07, Brooke Gravitt <gravitt at gmail.com> wrote:
>
> I can't believe that Apple's market cap just passed IBM's.
>

As long as people keep buying iPhones...

They're staying large and in-charge by having repeated success with their
gadgets. They just need to keep that pipeline going. And that's the risk...

They know this. They make products that die; most iPods only last 2-3 years
between hard drives and hard-soldered batteries that aren't
user-replaceable. The user-experience is pretty good, too, so people keep
coming back. 2-3 years later you can get a gadget that does more for the
same price (ipod goes from music only to music and pictures, then video,
etc...) Same thing with the iPhone by locking it to a carrier and not making
it easy to swap out batteries, etc. As time goes on those products may
mature to be serviceable but only when the market penetration is so great it
rivals that of Qualcomm or Motorola in the cellular market.

Wow. I can't believe I just spewed that kind of BS. I should be alongside
Cramer on CNBC.