Apple has been running on fumes since Steve Jobs died.
“Apple has been running on fumes since Steve Jobs died.”
Yes, back when Jobs died, Apple’s market cap was $340 billion, and today it is only $3 trillion..
They make oodles of cash. Though that is due to their ridiculous profit margins and pretty much locked-in market share especially on phones - and Europe had to force them to adopt a universal charger otherwise they’d make $35 on a 35 cent wire. Whether they’ve actually innovated anything since Jobs died is a good question. Tinkered around the edges a lot, improved the devices though I doubt they had much to do with the innovation behind those improvements. They are now involved in consumer finance and banking. And hide their profits from tax authorities really well.
I think a lot of the software is still US based, though.
You have a point. When Jobs was there was always this “what’s next?” energy from Apple he had a knack for coming up with stuff people didn’t know they wanted until they saw it. They have been coasting since he passed. Too bad he made that leftist poofter his successor. Jobs was a lefty but smart enough to not alienate half of the country. You did not work for him though.
“Apple has been running on fumes since Steve Jobs died.”
yeah it has been. I remember when Jobs was in charge, every phone release was revolutionary. Now the yearly update features involve a new kind of port or a new color.
I can’t think of a single metric that supports that view. Financial performance aside, the M1 CPU alone sets technology performance benchmarks that Jobs couldn’t imagine (but would love). A great way to reinvest record profits.