“If [Apple] is smart it will call the iPhone a "reference design" and pass it to some suckers to build with someone else's marketing budget. Then it can wash its hands of any marketplace failures. It should do that immediately before it's too late.”

— John C. Dvorak

"Apple should pull the plug on the iPhone" in MarketWatch (28 March 2007) http://www.marketwatch.com/story/apple-should-pull-the-plug-on-the-iphone
2000s

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John C. Dvorak 23

US journalist and radio broadcaster 1952

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“Market power and externalities are examples of a general phenomenon called market failure—the inability of some unregulated markets to allocate resources efficiently. When markets fail, public policy can potentially remedy the problem and increase economic efficiency. Microeconomists devote much effort to studying when market failure is likely and what sorts of policies are best at correcting market failures. As you continue your study of economics, you will see that the tools of welfare economics developed here are readily adapted to that endeavor. Despite the possibility of market failure, the invisible hand of the marketplace is extraordinarily important.”

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“If [Apple] is smart it will call the iPhone a "reference design" and pass it to some suckers to build with someone else's marketing budget. Then it can wash its hands of any marketplace failures. It should do that immediately before it's too late.”

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John C. Dvorak 23

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