4 ms·

It’s been explicitly stated many times. It’s why Ive left. They are a “services” company now.

clairity 4y ago
this is what you get when you elevate an operator (an operations/finance focused exective) in place of a product visionary. that's no knock on tim, who's done what he's been incentivized to do by the board and shareholders, and a good job at that (and rewarded disproportionately so). but steve wanted to win with a superior product, not just numerically as tim does. that's why steve, many years after his death, still garners more respect publicly than tim (though tim is respected too). it's the same slow decline that happens over and over in these cases. apple is already focused primarily on services, which you can see in their financials. product has stagnated, while services continues to grow, and with it, more and more capital invested in chasing manufactured prestige awards like oscars and emmys.
- api 4y ago
  Services usually mean recurring revenue which is valued at a higher multiple. It’s very hard to build a high value multiple product focused company.
  - clairity 4y ago
    it's certainly harder, but steve did it. tim is unable to, hence the shift to services for easier short-term growth, at the expense of long-term brand loyalty.
imwillofficial 4y ago
It wasn’t been explicitly stated anywhere by anyone who matters
- tsunamifury 4y ago
  It was a core slide of the Leadership retreat several years back. Its been referenced several times. Hardware arrow goes down services arrow goes up.
  - imwillofficial 4y ago
    No no, I meant the Johnny I’ve leaving part. You’re right on all the numbers stuff
- FredPret 4y ago
  Read their financial reporting, they jump through hoops to show service revenue to their owners
  - imwillofficial 4y ago
    I meant johnny Ive leaving, not the financials. Agree on that one for sure.
    - tsunamifury 4y ago
      Two things have been stated publicly and privately in some circles. 1) shift from hardware to services 2) remaining hardware directions (VR) focused in separating users from the world vs augmenting
stjohnswarts 4y ago
I haven't left yet but it's looking bad. They are nearly out of room to grab more market share, and can't continue growing that way, so one of the few ones left to expand is ad revenue or to purchase other companies, and Apple doesn't really seem big on polluting their brand "Apple" with "lesser" companies.
- LionTamer 4y ago
  Why do you not think there is more room to grab market share in the laptop/desktop market?

this is what you get when you elevate an operator (an operations/finance focused exective) in place of a product visionary. that's no knock on tim, who's done what he's been incentivized to do by the board and shareholders, and a good job at that (and rewarded disproportionately so). but steve wanted to win with a superior product, not just numerically as tim does. that's why steve, many years after his death, still garners more respect publicly than tim (though tim is respected too). it's the same slow decline that happens over and over in these cases. apple is already focused primarily on services, which you can see in their financials. product has stagnated, while services continues to grow, and with it, more and more capital invested in chasing manufactured prestige awards like oscars and emmys.

api 4y ago
Services usually mean recurring revenue which is valued at a higher multiple. It’s very hard to build a high value multiple product focused company.
- clairity 4y ago
  it's certainly harder, but steve did it. tim is unable to, hence the shift to services for easier short-term growth, at the expense of long-term brand loyalty.

imwillofficial 4y ago

It wasn’t been explicitly stated anywhere by anyone who matters

tsunamifury 4y ago
It was a core slide of the Leadership retreat several years back. Its been referenced several times. Hardware arrow goes down services arrow goes up.
- imwillofficial 4y ago
  No no, I meant the Johnny I’ve leaving part. You’re right on all the numbers stuff
FredPret 4y ago
Read their financial reporting, they jump through hoops to show service revenue to their owners
- imwillofficial 4y ago
  I meant johnny Ive leaving, not the financials. Agree on that one for sure.
  - tsunamifury 4y ago
    Two things have been stated publicly and privately in some circles. 1) shift from hardware to services 2) remaining hardware directions (VR) focused in separating users from the world vs augmenting

stjohnswarts 4y ago

I haven't left yet but it's looking bad. They are nearly out of room to grab more market share, and can't continue growing that way, so one of the few ones left to expand is ad revenue or to purchase other companies, and Apple doesn't really seem big on polluting their brand "Apple" with "lesser" companies.

LionTamer 4y ago
Why do you not think there is more room to grab market share in the laptop/desktop market?