This is yet another thing I blame on American Business sacrificing itself on the altar of Shareholder Value. It’s no longer acceptable for a public business to simply make a profit. It has to grow that profit, every quarter, without fail.

So, simply having a good consumer product division that makes money won’t be enough. At some point some executive will decide that he can’t possibly get his bonus if that’s all they do, and decide they need to blow it all up to chase larger profits elsewhere.

Maybe we need a small, private company to come along and start making good consumer hardware. They still need components, though, so will have to navigate getting that from public companies who won’t return their calls. And even once they are successful, the first thing they will do is cash out and go public, and the cycle starts again.

Crikey