Your point about deflation in electronics sounds to me like a great one. That still doesn't account for what I've heard as the bigger complaint of investor fear

Your point about deflation in electronics sounds to me like a great one. That still doesn't account for what I've heard as the bigger complaint of investor fear (because no, they really don't have to invest in a vehicle that underperforms deflation because it's so shiny, like in iPhone). But there may be other mechanisms/responses out there that I just don't know about.