I have predicted the demise of Apple for many years. However, since their market value is now an unbelievable 700 Billion USD I must admit that I may, and I mean may, have been wrong.
Many, many years ago it was said the no one ever lost money by underestimating the intelligence of the American people. We may now be seeing another example of that phenomenon. Apple is selling a gazillion iPhones despite the fact that there are dozens of far better phones using Android available for consumers at MUCH lower prices.
Jonathan Gruber of MIT may well be exactly right, voters in America are stupid. After all, we did elect Czar Obama twice. God help us.
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