So when Coach sat down last year to map our their 2007 holiday strategy, do you think they saw Apple as a competitor? Probably not. But such is the power of the iPod.
"Spending on luxury items is up 10.8 percent, “which isn’t bad at all,” Mr. McNamara said. Purchases of electronics rose a healthy 5.8 percent."
So now even the fashion industry has to figure out how to compete with Apple. And I gotta admit, I have no idea how they can do it. Who's next, the oil companies? I don't think anyone is beyond Apple's reach at this point.