Quote:
Originally Posted by Bob Russell
My concern about the economy effecting e-books has more to do with cutbacks on the fundamental research being done on display technologies. But, again, there is lots of money to be made by advances in display technology (and e-books are only a small part of the picture because of phones, laptops, tvs, etc.), so there will surely still be money found for investment. And hopefully, all those screen types can be based on similar technology advancements.  |
I was listing to a radio show the other day, and one of the commentators noted that much of the best innovation occurs as companies need to improve their bottom line in times of economic slow down.
I have no idea if he was right or not, he could be dead wrong, but I hope he's right. I think the general thrust of what he was saying was that in times of economic downturn, people tend to keep their old stuff and repair it, and make due with it rather than just spring for the new model. What gets then to put a few bucks out for something new is when there is a significant change in the technology. The difference between "that's nice" and "OMG!!"
Again, he might have been talking out of his ass, but there is some logic to the idea that appeals to me.