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Comment by Tycho | Hacker News Reader

I thought he was making sense up until he said only geeks care about the iPad. This isn't true. A future where only geeks care about laptops almost seems the more likely at this point. You could certainly say that about desktops already.

Also I'm not sure about the stock being stagnant point. What did the rest of the market do?

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  You could certainly say that about desktops already.

You could, but you'd be pretty wrong. My mum has a PC, my dad has a PC, my computer illiterate sister has a PC, my brother has a PC, my 9 year old nephew has a PC, my (non-geek) friends have PCs, my colleagues have PCs. And, since personal expamples aren't proof, just look at the size of the market, it's far from being a niche.

Argue the case that desktops will become obsolete, but that certainly hasn't happened yet.

Looking at the Yahoo chart linked in the article http://finance.yahoo.com/q/bc?s=AAPL+Basic+Chart&t=2y it looks like stagnation from about January 2011 onwards. That really nailed it for me.

From that chart you could have said the same thing in Sep '10, Feb '10, or anytime between Oct '07 and Mar '09, and each time you'd be wrong.

You are absolutely correct. See for an illustration of this: http://seekingalpha.com/article/271991-apple-price-stall-is-...

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