David slays Goliath

MANIFESTO

In a turn of events I never would have anticipated as recently as a few years ago,

[Yesterday,] Apple, the maker of iPods, iPhones and iPads, shot past Microsoft, the computer software giant, to become the world’s most valuable technology company ... The click-clack of the keyboard has ceded ground to the swipe of a finger across a smartphone’s touch screen.

It is, to be sure, "one of the most stunning turnarounds in business history," and goes to show what vision can do. That is, while Microsoft continued to assume that the desktop (and later, laptop) computer was the be-all and end-all for everyone's technology needs, Apple went ahead and developed products that people didn't even know they wanted. Congratulations to a company I've supported for decades.

MSFT has been a component of the Dow Jones Industrial Average since the tech boom in the late nineties. Perhaps it's time for "the world’s most valuable technology company" (as of yesterday) to take its place.