Competition is awesome.
An extremely high level of competition is even better. There are only two technology companies and their products that I care about on a daily basis (save Stocktwits and Twitter), Apple and Google.
They both build the products that I rely on for productivity..
Of course I care about my STOCK holdings in Amazon $AMZN , Intuit $INTU, Ariba $ARBA , RightNow $RNOW and Rackpace $RAX but they are peripheral to the war I see.
Fred Wilson is today outlining the big gains he was predicting for Google and Droid and their future dominance, so take a good read. I don’t own Google stock at the moment, but it always feels like I will be paying up once again.
I view it differently than Fred, having used an HTC/Droid for a few months and now fully switched and LOVING the iPhone with Verizon.
To me, the Apple store matters. Apple is light years ahead of Google in the ‘experience’ of getting products into customer hands. Apple also controls the design so while it may never appeal to everyone, it will always be the best feel. Google has the distribution points and is winning the tactical distribution war today but Apple will squeeze the life out of Droid in the LONBG-RUN and for Steve Jobs, this quarter or next don’t matter.
I love that both companies are attacking the space with such hunger and efficiency and are taking risks around price and user experience, but Apple $AAPL is the stock I would buy on weakness, not Google.