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Apple now is the world’s largest watch maker both by units sold and by revenue. In fact Apple Watch’s revenue is projected to surpass that of the entire Swiss
by Cookingboy 7y ago
Apple now is the world’s largest watch maker both by units sold and by revenue.
In fact Apple Watch’s revenue is projected to surpass that of the entire Swiss watch industry this year.
Even if it doesn’t “kill” the existing category, I’ll say they did a fantastic job carving out the smartwatch category.
- justapassenger 7y agoAKA - watch market is small.
- scarface74 7y agoApple probably sells more watches at a healthier profit than console makers sell. Should the console makers stop selling game systems?
- justapassenger 7y agoThat's not relevant. Apple is one of the worlds most valuable company, and they're stagnating. They've been hitting home-runs with products before, and creating new markets. Watch, even if it ends up eating the whole current market, but not creating new one, is a failure by Apple standards. Unless Apple is going to branch out and become company like Samsung, that makes everything from watches, to nuclear power plants. Apple success story was never about big portfolio of products - they were always about few products, but extremely focused and creating whole new markets for them.
- scarface74 7y agoSo exactly what category of electronics do you propose that Apple can enter that has a larger worldwide penetration than the smart phone market - there are 2.72 billion smart phone users worldwide (https://www.bankmycell.com/blog/how-many-phones-are-in-the-world https://www.bankmycell.com/blog/how-many-phones-are-in-the-w...)?
- justapassenger 7y agoIt's a market that they largely created, and that was their super-power. And now it's up to them to figure out next big thing, if they want to keep their lead and valuation. They can still be very successful company without that. But not necessarily as one of the world most valuable companies.
- scarface74 7y agoThey did not create the smart phone market. By 2004-2005 the average middle class American had cell phones. Cheap prepaid phones could be bought for less than $100 with minutes. The Nokia candy bar phone was already selling well in developing countries. The BlackBerry, Windows Phones, and Palm phones were already selling. It was already clear when Apple was entering the market that the cell phone was gaining ubiquity. It was so obvious that Apple should be entering the smart phone market with a combination iPod + phone that people were already coining the name iPhone 3 years before it was introduced. What market are you seeing with the clear growth trajectories that the cell phone had by 2002 that Apple should enter within the next 5 years?
- auggierose 7y agofucking cloud computing they should provide a cloud on which you can use Metal compute
- scarface74 7y agoHow does that dovetail with Apple’s strengths as a vertically integrated consumer electronics company? What would they bring to the table that would help them compete with the other cloud players? Amazon had first mover advantage and Microsoft had a large enterprise base to draw from and an inside and outside enterprise sales force. Apple has none of that. Google is struggling in the cloud with large companies partially because of no enterprise sales experience and no reputation in the enterprise. Apple would be even less competitive.
- vannevar 7y agoAgain, I'm not saying the Watch hasn't been successful, or that it's a bad product. I'm saying it wasn't as innovative as many of Apple's other successful products were. It's much more an extension of the iPhone than a standalone innovation.