Thursday, July 29

The race to catch the iPod Apple has come up with a product of beauty and, at the same time, changed an entire industry. It has also rejuvenated its own financial fortunes�a more-than-doubling in year-on-year sales of the iPod has contributed to a 30% jump in revenue in the latest quarter, to $2 billion. But Apple-watchers, even its most loyal fans, have been here before. It did the same to personal computing, with the Apple Mac. But Microsoft came along, copied it, and squashed it. Apple will have to fight hard to ensure that doesn�t happen again. The Economist

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