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Apple cannibalized old products because the successor was mostly the same, but better. The argument around Intel is that success in the Atom line would hasten a repositioning of the microprocessor market that would inherently weaken Intel's position, so they are attempting to stall that repositioning as long as possible.

That is my point, except Apple's new products are also a repositioning in some important cases: iOS vs OS X being the most significant.

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