Re: Probably Early to Say This But...
@melgross- Yes, I know that sounds crazy given the insane amounts of money they make. But I believe the problem is that the phone will hit the same general trajectory as the PC. Remember when you used to have to buy a new PC every year or two to stay current? And then eventuall the life cycle of the PC extended to 3-4. Now, I have PCs in my house that I've upgraded and kept alive that are still running XP.
When the phone cycle goes from every two years to ever four, Apple's dependece on the phone will be a detriment rather than an advantage. When it reaches 6 or 8 it will be a liability.
Presumably there will be a "next thing." If Apple has the "next thing" then everything I'm saying is bunk. If they don't, then they start a familiar downward spiral we've seen before. And I think continued phone growth is the thing that will trap them into not making the right next choices.