"IPads were purchased for all 15 admissions team members at an approximate cost of $9,500; the school believes it will save $10,000 a year in paper costs", says Rod Garcia, director of M.B.A. admissions.
The decision by M.I.T. to use the iPad technology directly affects paper companies, and Apple Inc. The paper company that the university gets it's paper from will lose money while Apple will gain revenue. The action would not have the power to topple the paper company but in years to come the change by the university can become influential to other universities, companies, and general populations around the globe to become "paperless". I personally think that paper will become less and less used in the years to come. That is to say I don't think that we will see paper become obsolete any time soon, but I do believe that we will continue to see a steady rise in personal electronic production and consumption. Especially in a company like Apple, the potential for a company with a production selection like theirs in today's market can and already has taken over our world by storm. According to a source on digg.com 50 million American's own an Apple Inc. product and this measure was taken in 2007 so the number has probably increased significantly with the introduction of the iPhone 4g and the first generation iPad. M.I.T.'s change to "paperless" is only the first step to the makeover of the educational use of technology and Apple Inc. seems to be in the driver seat to make millions off of it.