Look, I know Gruber linked to this, and so you’ve probably read this already, but I’m going to link to it, too, because it amuses me to no end:
Apple needs an iWatch sooner rather than later, or the company will risk losing its innovative edge to rivals, analysts say.
“They only have 60 days left to either come up with something or they will disappear,” said Trip Chowdhry, managing director at Global Equities Research.
“It will take years for Apple’s $130 billion in cash to vanish, but it will become an irrelevant company … it will become a zombie, if they don’t come up with an iWatch.”
There are real people in this world who see Chowdhry’s analysis as astute financial advice, and trade real money based on it. There are also real people who send money to “Nigerian princes” they meet via email.