“Just yesterday, eBay CEO John Donahoe told me that PayPal is generating $500 million in new revenue from the App Store, ‘on a platform that didn’t even exist just two and a half years ago,’” Goldman reports.
“What’s amazing to me is not merely the number of apps being created and downloaded, but the wealth creation and entrepreneurialism the platform is encouraging,” Goldman writes. “Apple created the compelling hardware that is so far ahead of its competition and it’s letting the marketplace keep the technology “fresh” with an almost endless library of innovation. Sheer genius.”
Goldman writes, “And all Apple competitors, like Research in Motion, Nokia, Microsoft, Palm, and Google can do is sit there, mouths agape, wondering what to do next.”
Full article here.
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