Linked by Thom Holwerda on Mon 17th Oct 2005 13:03 UTC, submitted by Hakime Seddik
Apple "This is partly a story about a company called Apple Computer. It's also partly a story about a fancy new iPod that plays videos as well as music and that could dramatically change the way people entertain themselves. But it's mostly a story about new things and where they come from, about which there are a few popular misconceptions."
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RE[2]: Fatal!
by alcibiades on Tue 18th Oct 2005 05:52 UTC in reply to "RE: Fatal!"
alcibiades
Member since:
2005-10-12

Have I been asleep for the last three years?

No. And I do not think Apple is in big trouble at present, other than that experience shows anyone acclaimed on the cover of Time or Business Week is almost certainly peaking!

What I and some others are saying is, look at the facts and look at the numbers. The rest of the world is not trying to catch up. What has happened is, Apple has at last caught up somewhat in the PC product line, and has developed one new leading product line in the music space. However, it is a long way as a company from consistent profitable growth based on innovation. It is a long, long way from the kind of innovation and growth that characterised the great days of, say, 3M. A three year recovery from financial disaster is a good performance. Jobs and the team deserve credit for it. Its doesn't deserve all these hysterical accolades. It is not a reason for Cupertino to think they are the chosen of the earth. Its just what the general run of companies do, and its what good turn around CEOs do.

Look again at the morningstar numbers, and you'll see this is right. While you are at it, look at Cisco and Dell performance. Look at IBMs fall from grace and recovery. This is a company like any other.

And a subcontracted box that allows people to watch Desperate Housewives at low resolution may make money. But it is not brilliant, creative, innovative and so on. Its just another product.

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