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Is Apple taking over the world?
I was driving through Shanghai's trendy Xintiandi last night and came across a huge flashy Apple store. It was amazing the see a large crowd (most young people) eager to get their hands on the latest Apple gadgets. Close to oblivion in 1997, Apple is now the world's second-most valuable company, after Exxon Mobil Corp.
Apple dethroned Microsoft as the world's most valuable technology company a year ago. It shipped a record 18.65 million iPhones during the first quarter of 2011. Its iPad tablet computers are so popular that it can't make enough to meet demand. Goldman Sachs predicts that more than 30 percent of iPads may replace PC sales.
Is Apple taking over the world? Is there anything the other IT firms can do to fight back?
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