It’s not often Wall Street analysts use farming analogies to explain technology stocks. However, Needham & Co.’s Charlie Wolf Monday points to the growth rate of hybrid corn to explain the rocketing popularity of Apple’s iPad tablet. Indeed, the analyst expects 35 million of all sorts of tablets will sell in 2011 – 90 percent carrying the Apple logo.
Like the growth of hybrid corn in the 1920s, outlined in Everett Rodgers’ The Diffusion of Innovations, Wolf sees the iPad as only the latest technology following the “S-Curve” of slow early growth, followed by faster expansion, then slowdown. Computers followed this growth pattern in the 1980s, as well as the iPod.
