So where were you back in April 16th 2008? Do you remember what device you were using, or what device you were interested in owning? For many industries, five years aren’t a big deal. Carmakers for example rarely ever change their designs until after six or seven years, but again that’s a different industry.
Smartphones are a very different animal. Some assume that the reason why mobile phones evolve so fast is because it’s much cheaper to develop new technologies for them than say a new car, and that’s not necessarily the case. Apple invested a rough [...]