I don't think objectively we are in a tech bubble when tech stocks are at a 30 year low.

Today's leading real-world retailer, Wal-Mart, uses software to power its logistics and distribution capabilities, which it has used to crush its competition

China is very entrepreneurial but has no rule of law. Europe has rule of law but isn't entrepreneurial. Combine rule of law, entrepreneurialism and a generally pro-business policy, and you have Apple.

The transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to overstate.

The multipurpose device will always fail.

More and more major businesses and industries are being run on software and delivered as online services - from movies to agriculture to national defense.

There's always more demands than there's time to meet them, so it's constantly a matter of trying to balance them