Today's links are just on tech. The iPhone 5 is poised to break all records when it comes out. While this is a much-needed boost for Apple given the doubts about its product cycle, the phone is clearly inferior to phones now being released by other manufacturers. While a consumer purchase involves a lot more than just the purchase - there's customer service, brand, product ecosystems, related products, etc - this is a watershed moment in the mobile world. I'll repeat: for the first time ever, Apple has released a mobile product that is clearly inferior to existing competing products.
What does this mean?
It doesn't mean anything outside of context. Were PCs superior to the Macintosh? Was VHS superior to Betamax? Was Blueray superior to HD DVD? Who knows? More importantly, who cares. It d...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.