The Next Bubble?
Apple and IBM’s figures have done very nicely this week, thank you very much. What’s going on?
There’s a bit of a bubble going on. And, as with railways, cars and the Internet, it’s about picking your product – as some are going to go horribly wrong.
My friend Cody Willard is obsessed with Apps. He has a point – check out his blogs on them. The cleverest people I know are inventing and investing in Apps. This year around 250 million people will buy a smartphone, up from 150 million last year. Projections are for a billion sold in less than a decade.
We’re in a down economy, money can be made in technology, but it’s about picking the right type so you’re not caught in a bubble. Now where’s the new Google/Facebook…?!