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Twelve years after the death of Steve Jobs, the cracks are starting to appear at Apple
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this post was submitted on 26 Mar 2024
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Apple managed to capture lightning in a bottle, twice. First by making a better Walkman, and then again by making that device a phone with internet access. They were able to leverage that success to revitalize their computer hardware business and act as a platform for selling accessories, and all of that made them very successful.
But the stock market doesn’t care about past success, it cares about growth, and without a major new, or buzz worthy product, investors might start to turn against Apple. Problem is, they have ridden the iPod horse about as far as it can go. They tried putting wheels on it, but that failed, and the jury is still out on whether tying one to your face will work out or not.
It's almost like... endless growth is unsustainable.
Edit: Downvoted by a shareholder lol
"What if we just doubled the price?" - some genius executive that never created a damn thing in their life
That only works for housing and healthcare.
You forgot groceries, mandatory insurance, and utilities...
big part of apple's success is that it successfully establishes itself as a status symbol - it is for a lot of people what car was for generation of their parents and grandparents.
so there will definitely be a clientele for that two times expensive whatever. some people will buy it just to show others they can afford it, same reason why people were buying overpriced cars.
IMPOSSIBLE!?