#7. Know What Half These Things Are
Most kids won’t have heard of:
- CDs, stereos and radio static. We already have Pandora (NYSE:P), Sirius XM Radio (NASDAQ:SIRI) and iTunes.
- Desktop computers and floppy disks. Dell (NASDAQ:DELL), Intel (NASDAQ:INTC), Hewlett-Packard (NYSE:HPQ), Apple and Microsoft (NASADQ:MSFT) may argue over how obsolete the PC will become, but it’s unarguable that desktops are going to be long gone before we know it.
- Disposable, 35 mm and film cameras. The days of Kodak (PINK:EKDKQ) are history, and even the point-and-shoot digital cameras of Canon (NYSE:CAJ) are fading fast, thanks to iPhones and Instagram.
- Pennies and paper checks. Everything has gone plastic with the likes of Visa (NYSE:V) and Mastercard (NYSE:MA), and in the future things will become even more digital and mobile. Home Depot (NYSE:HD) already offers eBay’s (NASDAQ:EBAY) PayPal system in-store, while Starbucks (NASDAQ:SBUX) just partnered with Square for mobile payments. Soon, a credit card middleman may not even be needed.
And more than just these expected shifts will probably take place as well. No matter what, this much is pretty clear: Times, as always, are a-changin’. And if many of these companies don’t adapt, they could learn this the hard way — and end up as part of history alongside the dying products they helped provide.
As of writing this writing, Alyssa Oursler did not own a position in any securities mentioned here.