How important is innovation, really? Apple's profit for the holiday quarter more than doubled thanks in large part to buyers of its latest iPhone. And lower in the New York Times story was this nugget:
With the 37 million iPhones that customers snapped up over the holidays, Apple has sold 183 million of the devices since the product went on sale in 2007. Revenue from the iPhone and iPad — neither of which could be bought five years ago — now accounts for 72 percent of Apple’s total revenue, underscoring the transformation of the company.
Think about it. Seventy-two percent of all Apple revenue today comes from products that did not even exist prior to 2007.
