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The fact a broad idea has been tried before without success doesn't mean it can't be successful.

There were smartphones before the iPhone - like the Nokia Communicator, Compaq iPaq and Palm Treo. They were a niche product - not the market-defining success the iPhone was.

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Actually, Second Life was, in its time, quite successful. I honestly don't see the form factor, or VR, making a comeback though. If I was going to back anything (which I am not) it would be AR.

Blackberry was incredibly successful. I don't know why people always leave it out of the conversation.

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