I gotta admit I never expected so many Android fans on PG.
And you all took my 9/10 people claim seriously (as in a source)? No, I don't have a source except my experience. I mean, all the people I know that ever wanted to buy a new phone always were like they want an iPhone, but usually cannot afford the contract and stuff. But their first choice was an iPhone. Everyone considers an iPhone. Alot of people (not all, but many) that cannot afford it look for reasons why it sucks just to make themselves feel better.
Put an iPhone 4 and a equal (or very similar) android phone side by side. Not only will people recognize the iPhone first, but will surely choose it over the android (Again, not everyone but the majority.) Other phones have the advantage of price, which is why the many people choose it over the iPhone.
When someone takes an iPhone out, people look. People ask and comment. This has happened to me everytime I take the iPhone out (Not bragging) just trying to prove that it is a status symbol.
You may know better than me. Yes, Apple is overpriced. My claims? Yea, I pulled one (9/10 ppl) out of my ass. But that age group thing is true. They will fail eventually? Well eventually the world will end, but will it fail eventually as in 20 years? Hell no! Apple is not some penny stock company. People are buying shares, not selling, even in a recession. Your so-called business expertise fails here, because for Apple to fail (as in bankrupt) it will require a whole new recession (like the 2008 one) + Steve Jobs retirement, and even then I doubt it will fail. If I remember correctly:I think the cash reserve has increased to 80 billion, but I am not sure. So they will not fail, maybe toppled by Google? Sure, I don't doubt it. Fail? No. Plus, they barely have any debt when compared to their assets and earnings.
You see, Apple has created a name. A premium name, but a reputation nonetheless. Like Nike, Gucci, Lamborghini etc. Android has yet to do that.