There was no investment in the iPhone. Apple hired Steve Jobs and gave him an R&D budget, with the faith that he would direct the company toward breakthroughs. No investor was asked to back the iPhone, they merely had stock in Apple.
Jobs had the vision to realize that with proper execution and with the legendary marketing, he could create demand for the iPhone. The supply of the product with proper marketing created the demand, this is how markets work.
Apple invested in Steve Jobs with an R&D budget. The stock holders in Apple were the investors. Jobs created a product and as you admit, created a market. Apple nor Jobs would have developed the product without the belief and anticipation that there would be demand. You are admitting in your latest post that anticipated demand was the key element and motivation for creation of a product.
Now where is that example of the job that was created without demand in the equation.
You've got to be kidding! Your very own example shows that jobs were created without demand being present. Apple developed a new product because they thought they COULD create demand. And why did they take that risk? WAIT FOR IT...WAIT FOR IT...THEY TOOK THAT RISK BECAUSE THEY ANTICIPATED MAKING A HUGE PROFIT IF THEY COULD DEVELOP A NEW PRODUCT THAT DID CREATE DEMAND!!!
Your responses have become beyond boring and childish. In this one you simply refuse to acknowledge "anticipated" demand. The childish part is that you state that "Apple developed a new product because they thought they COULD create demand." You are confirming demand anticipation and denying demands role in the development of the product and jobs, all in the same statement. You are actually confirming the side of the debate you are trying to oppose, but are blinded by your stubbornness and brainwashed mind to even realize it.