$AAPL (9:33 AM EST January 20): $318.73 (+1.11%) // More info
How many of you out there bought your phone on the secondary market (see #8)? I think all the press angst in the past few years about slowing smartphone sales has obscured some of the ways in which the increased lifespan of devices on the secondary market is actually good for the industry. Not only does it expand the number of people who can get in, but it also takes the pressure off the most costly part of the process: digging stuff out of the ground and making physical devices out of it. If the devices stick around longer and Apple continues its full-court press into services as its path forward, that ends up looking like a much more sustainable business.