What does this have anything to do with Apple or this deal.... saying you are off-topic it an euphemism.
Really could not post that on the millions threads about the story and felt the urge to spill it here also eh?
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Apple Given Didi Chuxing Board Seat Following $1 Billion Investment
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Really could not post that on the millions threads about the story and felt the urge to spill it here also eh?
How about some new freakin' Macs already Tim?
Agreed. Tim should immediately put together an exploratory committee to study the possibility of creating some new freakin' Macs for 2017 or 2018. There's no time to waste. They must start the process now.
Seems to me you're the racist for preemptively bringing it up.
Ditto, and thanks for mentioning. I would not in 1000 years imagine Apple siding with Beats, whose brand screams of 'cheap and garish pop appeal for teenagers'. The pre-2012 Apple product associations were class, quality, perfectionism, with a touch of colourful quirkiness (iPod ads). It would be far more suitable acquiring a brand like Bang & Olufsen, Sonos or Bowers & Wilkins. Tim Cook's choice of business partnerships is telling. Since he took over, Apple products have become garish enough to guarantee mass appeal to ingenues, and low cost/effort enough to secure Tim's supply chain bread and butter. Insert a bunch of dad jokes (Eddy Cue), Siri jokes, iMessage jokes, and you got the picture.
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And that's how we probably got where we are today, committees and studies .... which flourish in an environment without strong leadership and decision makers.
When you buy a billion in stock in a company, it's hard to say "given a board seat" with a straight face.
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I have it on good authority that Tim heard your plea and will say something about this in about two weeks.
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I have it on good authority that Tim heard your plea and will say something about this in about two weeks.
They just made some new regulations for ride sharing in Beijing. The law hasn't been put into affect yet. It might not ever go into affect, but then again it might. Nobody will ever know lol
Actually I never really bring politics into this forum, and I was responding to someone else's SJW comment. If you can't handle it, use your personal forum.
Didi Futzing?This is why Macs are delayed... too much futzing around with other things!
No mindspace on computers anymore hence our mac pro angst. I see this a lot where companies get a big pile of cash and with high market share on their cash cow they see an end to geometric growth, and rather than focus on their core competence, the CEO embarks on a course of investing in anything that appears to have the promise of geometric growth. But since its outside the core competence, the risk is high--cough cough cisco cough...
OTOH, Tim Cook probably doesn't know any more about computers than Chinese taxies. I have also noticed over the years that the Chinese are on the average pretty good negotiators and plenty of american companies have gone there to make a fortune and not made a fortune.
Personally, I am evolving into a guy who is buying used mac products cMP and upgrading them, and since my iphone has had all sorts of problems, will look for apple alternatives when its cumulative functional failures ultimately make it unusable.
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Another potential problem with Chinese ride hailing as a growth industry...
OTOH, Tim Cook probably doesn't know any more about computers than Chinese taxies. I have also noticed over the years that the Chinese are on the average pretty good negotiators and plenty of american companies have gone there to make a fortune and not made a fortune.
Personally, I am evolving into a guy who is buying used mac products cMP and upgrading them, and since my iphone has had all sorts of problems, will look for apple alternatives when its cumulative functional failures ultimately make it unusable.
[doublepost=1476277358][/doublepost]
Another potential problem with Chinese ride hailing as a growth industry...
Most important takeaway has nothing to do with Uber vs Didi. The most important takeaway from this story is the fact that Tim Cook is in the good graces of the Chinese government. Priceless. Especially if one is selling smart phones there.
If Apple is looking to spend money, Why not shore up the supply chain to get CPU's and other chips in a timely manner; Buy Intel. At least Apple's products would have a chance at being cutting edge rather than being the butt of the handle.
Well, it depends. Apple has a lot of money sitting idle offshore waiting for a tax holiday. Seeing as that may not be coming in the next 4 years, they can use that money for off shore investments. So why not? Beats letting it gather dust.
There can be advantages either way. I think Tim is signaling that he's digging in for the long haul despite recent setbacks in China that would have run some other companies off.
Cars, phones, watches, ear buds, and I sit here needing a new computer.
Shortly after making a $1 billion investment in Chinese ride-hailing company Didi Chuxing, Apple was given a seat on the board, reports The Information. News originally suggested Apple had not received a board seat as part of the deal, but regulatory filings suggest a board appointment happened late in June.
Adrian Perica, Apple's head of mergers and acquisitions, represents Apple on the board. A former Goldman Sachs investment banker, Perica has been with Apple since 2009 and has handled key acquisitions like Beats.
Tim Cook with Didi Chuxing president Jean Liu
Known as the "Uber of China," Didi Chuxing is the most popular ride sharing service in China. Apple's May 2016 investment in the company came amid rumors Apple is developing its own electric car and was instrumental in helping Didi Chuxing acquire Uber's Chinese operations in a $35 billion deal at the end of July.
Apple's $1 billion investment in Didi Chuxing was a first for the company, but it does provide Apple with access to data and expertise on both electric an autonomous car technology, something that will undoubtedly come in handy as the company works to develop its own car product.
Apple's "Project Titan" effort, described as an "open secret" by Tesla CEO Elon Musk, is Apple's car-building project. Apple is said to have a secret facility in Sunnyvale where it is developing car prototypes, and the most recent rumors suggest Apple is also focusing on autonomous driving software as part of a two-prong approach that will allow it to both develop its own car and create software that could potentially be used in third-party vehicles.
A partnership with a company like Didi Chuxing, which employs thousands of drivers, could give Apple a resource for testing future software products.
Article Link: Apple Given Didi Chuxing Board Seat Following $1 Billion Investment
