I'm not going to attempt to predict unpredictable disruptive technology, but the landscape is certainly changing, though by how much is still predictably uncert

I'm not going to attempt to predict unpredictable disruptive technology, but the landscape is certainly changing, though by how much is still predictably uncertain. The cost reductions available to Apple are also available more widely. There's a lot of hardware work going on by lots of actors, and I don't think we should assume that restrictions on supply, for example with Samsungs Exynos 5, will continue indefinitely. It depends in the end on competitive advantage viewed from different perspectives. Apple is a great design company, and it's economies of scale are impressive. As these economies constrict, so does the advantage and within such a scenario disruption can more easily occur.