3 ms·
The thing that worries me about this, is it’s a slippery slope to becoming the next GE. I believe the folks at Apple are smart enough to know how to manage tha
by crowcroft 3y ago
The thing that worries me about this, is it’s a slippery slope to becoming the next GE.
I believe the folks at Apple are smart enough to know how to manage that for now, but you’re always one Immelt away from insolvency when you play that game.
- CharlesW 3y ago> The thing that worries me about this, is it’s a slippery slope to becoming the next GE. Sony seems to be doing okay, and their Sony Financial Holdings offers online banking services through Sony Bank, life insurance through Sony Life, and insurance through Sony Assurance (albeit only in Japan).
- crowcroft 3y agoYea, it’s not to say it can’t be done. Playing in financial services can be lucrative if done well. The catch is that there is always an existential risk associated with it, and so if it’s not the core business I think anyone should be very very cautious about how they approach it. If the existential risk can be offloaded to a partner while some upside is retained, it’s probably a good idea.
- insane_dreamer 3y agothe big difference is that Apple has shown over decades that it can/will a very tight focus on a small number of core products, with everything else being in support of that (which Financing would be). It's not like GE making both fridges and nuclear power plants.