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At 40, There's Never Been a Tech Company Quite Like Apple (qz.com)
Mike Murphy, reporting for Quartz: Forty years ago today, two college dropouts decided to start selling cobbled-together computers out of a garage in California because they couldn't afford the ones on the market. They had an intricate wood-cut logo, not much money or manpower, and their first computer only sold about 175 units. But in the years between then and now, Apple has become one of the most valuable companies in the world, spurring revolutions in how we communicate, use computers, listen to music, and to a lesser extent, tell the time. [...] Some critics think that Apple is boring now, setting itself up to iterate on its successes and lock customers into their services with products that are very good, but nothing they haven't really seen before. This is a solid business strategy that will provide strong returns for years to come, but not those eye-popping leaps we've seen before. Here's a video Apple published recently showcasing 40 of its most remarkable products.
Boring? Just wait for the apple car. It will blow you away.
That term has always been meaningless when it comes to entrepreneurs. What could they possibly learn from academia? They have the idea, they have the motivation.
Will apple change a 30% fee for any toll usages will there cars on top of the tolls?
TFA is almost completely content-free. 4000 characters of wasted space. It looks like some financial writer was looking for clicks and is spouting the "Apple is doomed" meme again.
A quick google search says grocery stores tend to have a 12% markup.
"First they came for the slanderers and i said nothing."
HP was also started by two guys in a garage selling simple oscillators. HP was ruined by some crusty ratbag.
IBM started selling meat scales and grinders. It's currently being ruined . . . by some crusty ratbag.
And Yahoo . . . oh, never mind.
The moral of the story? Keep your resume up to date. When the crusty ratbag is appointed as the CEO . . . bail . . . as fast as you can . . . it's turtles, all the way down.
Schroedinger's Brexit: The UK is both in and out of the EU at the same time!
"They had an intricate wood-cut logo, not much money or manpower, and their first computer only sold about 175 units"
And if you can find one of these units, they are still the most expensive product that Apple has ever sold
The 30-50% thing is a myth. Apple's most recent gross margin is something on the order of 25%. The iPhone has at times peaked in mid-30's. That's not 30% over 'market rates' (whatever that means), that's 30% over cost.
Having a margin in the 25% range is not at all unusual or excessive. Intel, Qualcomm and Cisco all have similar margins, and I found those with ten seconds of googling.
Thank you, magic fairy, my day is a bit brighter now!
You can't handle the truth.
My work only lets me drive the IE car. It takes me 3 hours to get home.
at their peak
Unfortunately, Microsoft's peak was sometime in the mid 1990s.
still better than my hp-drive, running ms-car. it went into hybernation at a railway crossing the other day and then got stuck in an endless update loop. pushed it to a hp-garage, but they told me it was microsoft's fault. had it towed to a ms-garage where they told me hp was to blame - but they installed the free upgrade they had already secretly put in my trunk on my last visit. now it's not as fast as it used to be but on the other hand the steering wheel is now back on same place it used to be before the last update.
apple car looks nice, but i've heard it mysteriously shrinks over time.