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The issue for Apple is that their hardware business is slowing down due to market saturation. Their recent attempt at growth into a new hardware market (Vision
by chongli 3y ago
The issue for Apple is that their hardware business is slowing down due to market saturation. Their recent attempt at growth into a new hardware market (Vision Pro) seems like a huge dud. Their last successful new product was the Watch which at about 100 million sales in total is only half of a single year’s iPhone sales (and likely less profitable).
So where do they go from here?
- api 3y agoThey've tried becoming a bank (or banking reseller at least) with Apple Card which now has savings accounts and such. They're also apparently doing some AI work that could be interesting. But yeah, this is the real issue. Number must always go up and mobile is a saturated market now. They should do more acquisitions. Buy Anthropic for starters. Absolute no brainer. Make Claude the new Siri and roll out powerful on-device models too.
- imglorp 3y agoMore acquisitions? Why? They're already a $3 trillion company. As parent comments say, they have saturated the market, maxed out the app store at the expense of good will, and are engaged in a duopoly spiral with Alphabet. How long will "number go up"? Until the planet is piled up to space in paperclips?
- layer8 3y agoThey may have to realize that unlimited growth is simply not possible.
- hn_version_0023 3y agoIt works for cancer, at least until the patient dies.
- madeofpalk 3y agoCan't sell more iPhones - only option is casino games for children!
- AJ007 3y agoFocus on not slaughtering their golden goose. Public companies absolutely do not need to grow revenue and many industries remain in states of decline for decades. However, lack of growth means the stock option party is over for employees.