I have never even owned a cell phone, let alone a proxy brain (isn't that what a "smart phone does? seems like all the people who use them have forgotten entirely that they used to be able to think). Sorry folks, but it simply serves no purpose in my life, no need, no want, I can still eat, sleep, work and play without the slightest inconvenience for not having one.
When, years ago, Apple's stock trajectory began to resemble the take-off of an ICBM, the second part of the journey was already inherent to many people, it was only a matter of time.
This quarter, not only Apple but Intel, Microsoft, IBM, and now Google have all taken tremendous hits. I must say I don't know of any instance where a whole sector collapsed again like this when the previous collapse was still lingering in peoples' memories.
But it occurs to me that, aside from the budding industries of "personal trainer", dietician, massage technician, and call girl, this was the last bastion of US superiority and economic power and prestige ....
It is only a matter of time now before we hear urgent pleas for the government to bail out Apple.
Look out below.