Excellent comments Mark.  I have somewhat of a different focus...

The computer business has been driven primarily from two fronts.  One is 
the rapid expansion of computer sales to new users and the other is 
upgrades.  Unfortunately, both of these are coming to a head at the same 
time.  I predicted in an article in 1999 that Moore's law would no 
longer be a consumer factor by the end of 2001 (it would continue, but 
home users wouldn't care).  I was a little long in that projection.  
Computer sales are taking a remarkable nose dive based on the fact that 
no one cares to upgrade anymore because things are fast enough.  By this 
I mean fast enough for the majority of the market place.  At about the 
same time, computers have pretty much saturated the first world.  Their 
penetration is not going to get much higher at the profitable end of the 
scale (non commodity +500$ machines).  Computers are still selling well 
world wide.  But, they are not expanding in sales like they used to.  
There is going to be a massive shrinking of the marketplace over the 
next year or so and then it will level off with relatively steady growth 
for the long term.  This has been the trend of EVERY new consumer 
technology in history (refrigerator, television, vacumn cleaner, etc.).  
This is the reason that , in spite of negative press coverage, something 
like the HP/Compaq merger was necessary.  The market would no longer be 
able to sustain both companies.

When the computer market exploded and was at its zenith of growth PC's 
won the day because of low cost and the fact that a majority of 
expansion was in business which generally does not like to differentiate 
on that kind of product (they often all buy the same brand of staplers 
and dividers too).  Apple's marketshare dropped significantly because it 
did not expand at the same rate as the rest of the industry.  The 
opposite will happen in the coming months as the industry shrinks.  
Apple's share will expand significantly because they will shrink slower 
than the rest of the industry as well.  Remember that marketshare is a 
relative concept.

So, given that the computer market in 10 years is going to much more 
closely resemble other markets, where will Apple be?  If they don't have 
a major screw up! They will be well positioned and much more publicly 
respected as the company we have come to know.  They are the innovator 
and vertical integrator.  They are the only place you can buy a computer 
and have the warrantee survive OS upgrades because they support both.  
They are the only place you can get 100% of your computer service and 
support from because they make the whole widget.  This will count big 
time in a world where computers are bought to last, not until next year 
when they are upgraded.

Probably the most important factor for Apple is that they dominate in 
markets outside of my statements about Moore's Law.  Professional 
graphics and video markets will not be satisfied with computer speeds 
for a number of years to come - neither will scientists.  Apple has very 
large shares of those markets.  Apple's market share will grow because 
it has a very high share of the biggest markets that will continue to 
upgrade.  In no way does this mean that Apple will stay on a growth 
path.  It is just that the rest of the market will implode around them.

On the other end home users will no longer be buying on speed or price 
as much as other factors.  Reputation, reliability, style and design 
will become more important.  People with little money pay extra for 
Maytag for a reason.  Apple will fall into the realm of computer 
makers.  They are already there for those in the know.

Another important factor will be the maturity of the market.  Many many 
people who buy computers today or bought in the past either know little 
about them or are geeks.  There are few people in the middle ground.  As 
the consumers who know little learn more they will learn about the 
reputation, quality and design of Apple computers much faster than the 
tradeoffs between long pipelines and instruction parallelism.  This is 
similar to the automotive industry where people have turned from buying 
their car on the recommendations of their local mechanic or "car guy" to 
buying on brand, design, and features.  As hardware no longer needs to 
be tinkered with and the cutthroat commodity market disappears the geeks 
will turn primarily to software.  This will reduce the appeal of the 
commodity PC.

Will this mean that Apple will have a majority share of the market?  
This is unlikely.  But, 20% is not unreasonable at all.  One of the key 
factors is business.  Businesses are focused on the bottom line.  Dell 
is the number one innovator at reducing prices.  And, most businesses 
have massive investments in PC's.  I don't know how it will play out but 
Apple is unlikely to break this block (Linux or BSD really has a better 
shot here for many reasons).  Therefore, businesses will still buy 
focused on the short term bottom line (how many fleet sales of neons are 
there versus Corollas?) while consumers will focus on fashion and value, 
and professionals will focus on performance and ROI.  Apple will likely 
only be able to win share in the last two.

In response to bob...

You seem to be one of the many Mac fans who is embittered toward Apple.  
I believe there is good reason to feel what way about the "between Jobs" 
Apple.  However, I do not feel that way now.

The clone market had to be destroyed so that we could have Macintosh's.  
Apple was in no position to strip down to a software manufacturer.  
Furthermore, having the discount clone makers carry the Macintosh banner 
would have been folly.  I have worked with a number of clones and Apple 
Macintosh's.  The difference in quality is astronomical.  One of the 
main reasons to buy a Mac would be gone if Apple wasn't making them 
anymore.  IBM survived cloning because it has so many other things it 
was doing (and they fought it tooth and nail, contrary to popular 
belief, it was not in the least visionary on their part).  Apple could 
not do the same thing unless the cloners grew the market.  They didn't, 
so the experiment had to be scrapped.

Macs do read third party drives just fine.  Sometimes initial releases 
don't have this capability (take iDisk for example).  But, that is so 
that the majority of their loyal customers can begin to enjoy the 
software and not have to wait for every possible product configuration 
to be supported.

Jobs has brought some very important things back to Apple.  One of the 
key things is reiterated in press conference after press conference.  
When pressed about projections Apple says that their goal is only to 
make the best computers they can.  They are following an old business 
philosophy that was pushed by the Americans onto the Japanese after WWII 
during the rebuild.  It is the philosophy that was responsible for the 
rise of Japan as a business power.  If you just make the best product 
you can you will eventually win (OK, that's REALLY simplified).  Jobs 
has a vested interest in seeing Apple make great stuff to a larger 
degree than any other leader they have ever had.  I have no doubt he 
will continue to do the same.

PS: The idea that the PC insustry would turn to Gass�e as the saviour 
from MS with Be has always struck me as hilarious since he was the one 
primarily responsible for driving up Apple's prices in the late 80's and 
early 90's.

rambling off...

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