One picture that shows the importance of product innovation, via asymco.
Looking at the company in 2007, who could have guessed the future revenue impact of the iPhone + iPad....
From the article: "Markets are effective in anticipating the path of a technology as it ascends into the hands of users, especially if it is destined for ubiquity. But markets are completely incapable of anticipating the emergence of new technologies.
In this regard markets are a reflection of common sense rather than uncommon wisdom."
