The smartphone industry (Apple included) is suffering from innovation fatigue and the law of diminishing returns is fully on display. In practice, Smartphones are over. The marginal increases in capabilities and features offer only marginal increases in productivity. This trend is likely to continue until the industry reinvents how we connect to our devices, and how the devices connect to each other.
Fake women, fake privacy, real hack – that's the way my eulogy for Ashley Madison's IPO would start. Fake women, because the ratio of female names to male names in the hacked database dump is skewed extremely male. Fake privacy, because everyone now has access to Ashley Madison's private database. Real hack, because the hackers have actually ruined people's lives.
According to some new rumors, Apple will have to delay the announcement of its "live" Apple TV streaming service until sometime in 2016 for two excellent reasons: 1) Apple is having trouble making content deals, and 2) Apple has no idea how much bandwidth it's going to need to deliver the service.
Last week the S&P Media Index lost 8.3 percent (approximately $53.7 Billion of value) in just three days. During that time, shares of Viacom lost 20 percent, 21CF (Fox) and Discovery Networks lost 11 percent, Disney took a 9 percent hit and even CBS dropped 6 percent. It was a tough week. Is this the beginning of Mediamageddon?
Remember the receptionist on the 15th floor who used to take excellent phone messages on those adorable pink pre-printed message pads? Her job predeceased yours by a few short Internet years.