By John Gruber
1Password — Secure every sign-in for every app on every device.
Dare Obasanjo, on Twitter:
The point @gruber misses in [“Ceding the Crown”] is that Apple’s share price was based on the assumption of overwhelming market share.
That’s actually a point I wanted to make, but forgot. My misconception #1:
Apple’s lack of serious competition would, or at least might, result in an overwhelming market share advantage for the iPhone.
I think some significant amount of AAPL’s run-up was based on this notion, and when it became clear it wasn’t going to happen, all other signs of iOS’s growth and vibrancy be damned, those investors cashed out.
★ Tuesday, 19 March 2013