Posts Tagged ‘apple’
Read the Revelations in Full: Book of Jobs Now Available [Steve Jobs]
Read the Revelations in Full: Book of Jobs Now Available [Steve Jobs]
Steve Jobs
My iPhone slid out of my shirt pocket a few months ago and fell straight onto concrete. I was luckier than some: the only damage was a shattered back panel. I slapped a strip of black gaffers tape over it to keep it intact. I knew that I could take it to any Apple Store and have the back replaced for just $29, but I carried it around like that anyway.
I figured it was my punishment for not taking care of my toys.
I finally went into a Store today to get it fixed.
I went to Apple.com and was able to reserve a time for my visit. When I arrived, I was greeted at the entrance. The place was packed, even though it was the middle of a random Wednesday afternoon. People were playing with every demo unit on display.
For all of the crowding, this mall Apple Store was still a pleasant place to be. It was clean and well-lit, and the staff were all clean, kind, and patient.
I made my way to the Genius Bar at the back. I was greeted a second time by an employee whose job it was simply to act as a welcomer and a concierge and a facilitator. He invited me to take a seat while I waited for my appointment. I was early.
I sat in a large area reserved for one-on-one training. A dozen or more people were learning how to use their Apple hardware. Some, I reckoned, were doing things with computers that they’ve never done before.
Me, I took out my iPad and was on the store’s open WiFi in an instant.
Five minutes before my scheduled time, a Genius walked up to where I was sitting. It was a simple problem and he explained that they could fix it up in just ten or fifteen minutes. He tapped away at an iPhone that had been equipped as a logging system for work orders and then walked away with my phone.
I looked around. I saw a man carrying in an iMac wrapped in a towel, the way you’d carry a sick and beloved dog into the vet.
I saw a child who couldn’t have been more than four years old playing with an iMac that had been set up at a table low enough for four-year-old children to set at. She was playing a word game of some sort. Presently, a parent came by and handed the girl what I presumed to be the child’s own white iPad 2. I sure didn’t think that this 30-ish woman had put Dora stickers on her own iPad.
The child stopped just short of hugging the iPad like a beloved doll, but she was clearly very pleased to have it back again. She held it and woke it up and tapped through to her favorite apps. Satisfied — and at the urging of her mother — she then tucked it under her arm in a maternal way and held her mother’s hand as they walked out.
I spied another store employee with a full-sleeve tattoo in progress. Her forearm was complete but a koi that splashed down from her elbow had only been outlined. The traditional staff uniform is a tee shirt (in the color du jour). Staffers are welcome to throw something on underneath it. She obviously felt comfortable enough in this environment to show off her tattoos.
Another Apple employee approached me, with my repaired phone. I hadn’t budged from that table since I walked in and sat down. $29 plus tax for the repair. His iPhone card scanner didn’t work for some reason but he didn’t let his annoyance show. After two swipes, he apologized sheepishly and led me to the store’s POS terminal. Zip, tap, a few pleasantries, and it was all taken care of.
Let me extract elements from that story:
1) Staff acknowledging people as human beings, and with courtesy.
2) A pleasant, beautiful space to be in, even if the store wasn’t a “landmark†property.
3) People learning things.
4) People who don’t simply own and tolerate their computers, but who feel a real emotional connection to them.
5) People who live lives that are a bit out of the mainstream, in a space where they feel comfortable being who they are.
6) Kids who see the most advanced technology in the world as just another window through which they perceive the world.
7) The worst thing that can happen in a relationship between a manufacturer and a customer — a broken product — being handled quickly, courteously, efficiently…and affordably.
Steve Jobs was correctly known as the most productively hands-on CEO in technology or maybe even any other industry. The Apple Stores were a particular obsession. If you walked in and discovered that the table of hard drives had become a table of headphones and the hard drives were now on the third shelf of the first bank of product shelves, it was probably because of something Steve decided earlier in the week.
Steve is dead. But you walk into an Apple Store and you see all the reasons why he was such a phenomenal CEO, and why so many people feel the way I do tonight.
Apple will soon have enough cash to buy almost all their competitors
When Apple next announces their financial results, they should have close to $70 billion in the bank, which according to Asymco will be enough to buy all their manufacturing competitors with the exception of Samsung. That includes HTC, Nokia, RIM, LG, Motorola, and Sony Ericsson. (Google and Microsoft aren’t manufacturers, they’re platform vendors.)
The more remarkable thing is that as market values of phone vendors continue to decline, Apple’s cash will continue to grow dramatically. Indeed, a time may soon come when Apple’s cash will be worth more than the entire phone industry.
I’ll say it again — North Carolina isn’t a data center, it’s a money bin.
[Asymco]
Apple will soon have enough cash to buy almost all their competitors is a story by TiPb. This feed is sponsored by The iPhone Blog Store.
TiPb - The #1 iPhone, iPad, and iPod touch Blog
What if you had bought AAPL stock instead of Apple products?
Since 2003, the rise of Apple's stock has been stratospheric. Currently AAPL sits at US$346, but many analysts expect it to be at $450 or higher in the next 12 months. The growth of the stock over the years is attributed to Apple's bottom line, its creative and business teams, the fact that it has zero debt, tens of billions of dollars in the bank, and of course, the fact that it sells the hottest consumer electronics on the planet. But what if instead of buying Apple's products, like a PowerBook or original iPod, those who are most responsible for the stock's increase -- you, the consumer -- bought AAPL stock?
Software engineer Kyle Conroy has compiled a list of how much money you would have today if, for example, instead of spending $5700 on a Apple PowerBook G3 250 when it was released on November 10, 1997 you'd spent that same amount on AAPL stock. The answer? Instead owning of a laptop that's probably worth all of twenty bucks today, you'd own $330,563 of AAPL stock. Makes you cringe, doesn't it?
For those of you who bought an original 5 GB iPod for $399 on October 23, 2001, your money, had you purchased AAPL stock, today would be worth $11,914. Spending $1599 on Apple's original iBook G3 on July 21, 1999 would net you $32,031 in AAPL stock today. The list goes on and on.
The good news is that Apple is one of the strongest, healthiest companies on the planet, which controls many emerging markets that still have a decade or more of growth (smartphones, tablets, etc.). In three years today's closing price of $346 is going to make AAPL stock look cheap.
What if you had bought AAPL stock instead of Apple products? originally appeared on TUAW on Fri, 11 Mar 2011 00:00:00 EST. Please see our terms for use of feeds.
Why Nobody Can Match the iPad’s Price
A customer carries a new iPad from one of Apple's 300-plus retail locations. Photo: Bryan Derballa/Wired.com
When Steve Jobs introduced the iPad last January, the biggest surprise wasn’t the actual product. (Many shrugged and called the iPad a “bigger iPhone.â€) It was the price: Just $500.
Nobody expected that number, perhaps because Apple has traditionally aimed at the high end of the mobile computer market with MacBooks marked $1,000 and up. And perhaps we were also thrown off because Apple execs repeatedly told investors they couldn’t produce a $500 computer that wasn’t a piece of junk.
But Apple did meet that price, and the iPad isn’t junk. The iPad is still the first, and best-selling, product of its kind. Competitors, meanwhile, are having trouble hitting that $500 sweet spot.
Motorola’s Xoom tablet is debuting in the United States with an $800 price tag. (To be fair, the most comparable iPad is $730 — but there’s no $500 Xoom planned, and the lack of a low-end entry point will hurt Motorola.) Samsung’s Galaxy Tab, with a relatively puny 7-inch screen, costs $600 without a contract.
Why is it so hard to get to a lower starting price? And how was Apple able to get there?
Jason Hiner of Tech Republic suggests it largely has to do with Apple’s retail strategy. Apple now has 300 retail stores worldwide selling iPads directly to customers. That’s advantageous, because if the iPad were primarily sold at third-party retail stores, a big chunk of profit would go to those retailers, Hiner reasons.
Apple has partnered with a few retail chains such as Best Buy and Walmart, but those stores always seem to get a small number of units in stock. Hiner rationalizes that the true purpose of these partnerships is probably to help spread the marketing message, not so much to sell iPads.
“The company can swallow the bitter pill of hardly making any money from iPad sales through its retail partners because it can feast off the fat profits it makes when customers buy directly through its retail outlets and the web store,†Hiner says. “However, companies like Motorola, HP, and Samsung have to make all of their profit by selling their tablets wholesale to retailer partners.â€
The retail advantage is a reasonable theory, but Hiner neglects to mention the high overhead costs that Apple must pay handsomely for each of its 300 stores. To Hiner’s credit, Apple running its own stores does present clear benefits: the customer outreach is enormous, and of course, in Apple stores, Apple products don’t have to compete with gadgets sold by rivals on other shelves.
But when we try to decipher why the iPad costs $500, we have to consider the sum of all parts, not just the retail strategy.
Apple is the most vertically integrated company in the world. In addition to operating its own retail chains, all Apple hardware and software are designed in-house, and Apple also runs its own digital content store, iTunes.
Designing in-house means Apple doesn’t have to pay licensing fees to third parties to use their intellectual property. For instance, the A4 chip inside the iPad is based on technology developed and owned by Apple (not Intel, AMD or Nvidia). The operating system is Apple’s own, not something licensed from Microsoft or Google.
Why do you think Hewlett-Packard bought Palm to make the TouchPad? HP wanted ownership of a mobile operating system in-house to take control of its own mobile destiny and stop being so reliant on Microsoft (which, to this day, doesn’t have a credible tablet strategy).
On the iTunes media platform, Apple takes a cut of each sale made through each of its digital storefronts: the App Store, iBooks and iTunes music and video. iBooks still has a long way to go before it’s anywhere near as big as Amazon, but the App Store and iTunes are the most successful digital media stores of their kind.
At the end of the day, the iPad might be worth well above $500 for all we know. (Part estimates made by component analysts such as iSuppli aren’t very useful because they fail to measure costs of R&D and other factors.) It’s most likely that Apple can afford to absorb the costs of producing and selling the iPad because of the tenacious ecosystem backing it, and also because it has such tight oversight over every aspect of the company to control price.
That’s what it all boils down to: ecosystems and control. Competitors are struggling to match the $500 price point because they aren’t as fully integrated as Apple, in terms of retail strategy, a digital content market, hardware and software engineering — everything.
As Steve Jobs famously put it one day, “Apple is the last company in our industry that creates the whole widget.†Competitors are having trouble beating the iPad widget.
A hat tip to my colleagues @reckless and @lessien for helping me think through this post.
Exclusive: Apple will remove home button on next iPad and iPhone; Photo Booth and iLife coming?
We just got some pretty wild information from one of our Apple sources and while it’s hard to believe at first, it does make sense. We have exclusively been told that the reason Apple just added multitouch gestures for the iPad in the latest iOS 4.3 beta is because the iPad will be losing the home button. Yes, we are told that Apple, at some point in time, will remove the home button from the iPad’s design. Instead of button taps, you will use new multitouch gestures to navigate to the home screen and also to launch the app switcher.
That’s not all, however. In addition to the home button disappearing from the iPad, we’re told that this change will make its way over to the iPhone as well. Our source said Apple employees are already testing iPads and iPhones with no home buttons on the Apple campus, and it’s possible we will see this new change materialize with the next-generation iPad and iPhone devices set to launch this year.
Additionally, we’re told Apple’s popular photo-taking application, Photo Booth, will be appearing on the next iPad. It’s also very possible that we’ll see iLife apps for iOS unveiled around the iPad 2 release as well.
It has been said that Steve Jobs didn’t want any physical buttons on the original iPhone at first, and it looks like he may soon get his wish.
Verizon iPhone: no longer a myth, available in February
Can you hear me now? Good, because the Verizon iPhone has finally made its public debut. Verizon made the announcement during its highly anticipated post-CES press conference in New York on Tuesday, noting that the device will be available for preorder starting February 3, and that the public will be able to pick it up from Verizon and Apple retail stores on February 10.
The phone being offered by Verizon is the same as the iPhone 4 that made its debut on AT&T in the summer of 2010, but with a slightly modified antenna and apparently no SIM slot. The device comes in 16GB and 32GB models for $199 and $299 with two-year contract, and can act as a 3G WiFi hotspot for up to five devices at a time (that's definitely something we can't do with our AT&T iPhones yet).
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