““It’s difficult to remember now, but when Apple made that move back then, most people figured the company was wrong; that Apple was a company lurching toward irrelevance; and that by opening fancy stores it was positioning itself for luxury with the equivalent of a walker. How dumb was that, they thought. Couldn’t Apple see that the tech market now revolved around commodity boxes powered by Microsoft and Intel? That the boom was in e-commerce? Gap Inc., Form 10-K for the Period Ending January 31, 1998 (filed March 13, 1998), from Gap, Inc. website.””
