I don't want to add to the echo chamber of Apple blogs so just go read Horace Dediu at Asymco. That's one smart man:
Consider how HP and Apple faced the changes in the PC market almost exactly a decade ago.
The rest, as they say, is history.
- On September 3, 2001, HP announced that they would acquire Compaq.
- On October 23, 2001, Apple announced the iPod.