The meaning of the word "gambit" as it is used in the passage is a calculated but risky move.
In the world of technology, few companies have taken on a bolder gambit than Apple did in 2007 with the release of the first iPhone. At the time, the market was dominated by established brands like Nokia and BlackBerry, and the idea of combining a phone, an iPod, and an internet device into one sleek gadget seemed risky. Apple made a calculated decision to invest heavily in this innovative product, betting that it would revolutionize the way people communicate and interact with technology. This gamble paid off, as the iPhone not only became a massive success but also set the standard for smartphones, changing the tech industry forever.
What is the meaning of the word gambit as it is used in the passage?
(1 point)
Responses
a revolutionary new idea
a revolutionary new idea
a calculated but risky move
a calculated but risky move
a new technological combination
a new technological combination
a sound financial decision
1 answer