---- Apple Surpasses Microsoft as Most Valuable Tech Company
grelmar - 11:44 pm on May 27, 2010 (gmt 0)
I am now in San Francisco. Last week I counted 11 laptops in a cafe.
Key words: "San Francisco" and "Cafe"... Hipster crowd. Mac took over that Market segment ages ago.
As soon as the hipsters realize that their tech-du-jour is actually mainstream, they'll dump it like a hot rock and move on to the next thing. It happens with sneakers, jeans, things like "fixie" bikes, the list goes on and on.
And when the hipsters move on, the stock market will as well.
People who like to think the Market is rational and reflects the true value of a company or the economy in general have a tendancy of getting proven wrong every ten years or so when the latest bubble bursts.