Wednesday, April 25, 2012

The Power And Reach Of Apple

Steve Jobs

Latest Record Results Show Apple a Bigger Global Power Than Most Nations -- Daily Beast

The tech behemoth is not just a cool computer/phone/tablet company, but a multibillion-dollar ecosystem and society with more influence and clout than most countries.


Yet again, Apple announced record sales and earnings. Yet again, its “Jobs report” stood in stark contrast to the monthly official jobs report. For the past four years, as the U.S. economy has stumbled, Apple has soared. As millions have lost jobs or stayed underemployed, Apple has sold more phones, iPads, and computers than most thought possible. While its success certainly has come at the expense of competitors such as Research in Motion (maker of the BlackBerry) and Nokia, it has generated tens of billions in revenue and sold tens of millions of devices by reaching new customers and not simply taking market share. And it has seen its most dramatic success during one of the worst economic slumps in the developed world.

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My Comment: Steve Jobs would have been proud.

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