A factoid for Friday: Apple Computer–the company most “experts” expected to wither in Microsoft’s glare not all that long ago–reached a market capitalization of 400 Billion yesterday. It is the most valuable technology company in the world–worth more than Greece, Austria, Argentina or South Africa.
Financial analysts and business experts will have a lot to say about Apple’s remarkable story, but for me, the primary lesson we might draw is that Steve Jobs was right to bet on the importance of good design.
However, I wonder what his profit margins were? Did Apple make too much money….if so…this company should be derided as yet another example of evil capitalism.