“When I studied economics years ago, I recall we were taught that banks serve as financial intermediaries. They take deposits from people in their communities, which they in turn loan to local businesses to invest in productive activities that respond to community needs. The bank absorbs a certain risk in the process, for which it is rewarded with a modest profit. It seems that as a society we have lost sight of the crucial difference between productive investment and gambling, between the banker and the bookie, and between the insurer and the speculator.”—David Korten (via azspot)
Guesses on Apple's (just announced) September iPod Event
Updates to bring it more in line with the iPhone 4. But I don’t see any way to add all of the iPhone’s features and still come in at $399. So I figure faster processor, gyroscope and refreshed industrial design (getting the better battery would be stellar too). I’m 50/50 on the Retina Display. I’d love to see it, but that may be too costly right now. And of course there’s the camera. I’m going to guess yes to front-facing Facetime-equipped camera and no to a rear-facing still/video cam. Last year’s iPod nano picked up a video cam that couldn’t take stills, I can completely see Apple deciding on the hot new video chat feature over the multi-megapixel still camera.
Not sure where this will go. I didn’t expect the video camera on last year’s model. Some rumors suggest a touchscreen device. I’d say maybe, but only if Apple radically reduces the feature set. A smaller screen isn’t going to give the same kind of experience that an iPhone or iPad can. So maybe it’s an iOS touchscreen, but it only runs the iPod, Photos and Videos apps. No 3rd party apps, similar to the original iPhone release. Likelihood? Low.
No change, save for cosmetic. New colors and storage capacity announced.
Will this be the year that the classic iPod gets the axe? If the iPod touch is released with a 120GB option, than yes. Otherwise the classic gets another stay of execution.
iOS powered AppleTV? I get really excited about this rumor. The suggested device ($99, no physical hard drive, iOS powered) is definitely something that I would love to see come true. But I don’t know if September is the right release time. Yes, it’s just in time for the Christmas season, but it feels like a Spring release to me.
iOS 4 release for iPad, yes. But no other major iPad news. The thing is still selling like hot cakes and Apple has a solid track record of yearly releases. iPad in the Spring, iPhone in Summer and iPod in Fall. So, I say nope to the iPad mini rumors. A 7” device makes no sense to me. Slightly bigger than an iPhone is still slightly smaller than an iPad. It just seems too awkward to me (no matter what Samsung thinks).
Verizon iPhone. I don’t care what the rumors and analysts say. I’ll believe it when I see it. And IF it is true? September is not the announcement date.
“The Android licensees think that today - but throwing out lots of mediocre products isn’t the passport to success. The lucrative end of the mobile device market is a product culture, and it pays to put more of your wood behind one arrow, or just a few arrows; the more you make, the less distinctive each one is. Android doesn’t really do anything to encourage the development and marketing of distinctive products, must-have phones that people talk about in the pub.”—