The document discusses Apple's success in innovation and new product development. It outlines Apple's strategy of finding successful new products like the iPod and blockbuster products like the iPhone and iPad. It also discusses the stages in the adoption process for new products, from awareness to adaptation. The document then performs a market study of Apple's competitors in music and copying, and channels for feeling new products. It raises questions about what makes Apple good at innovation, the importance of the iPod to Apple's current success, and what's next for Apple in terms of new handheld devices.