Ok, let’s take Samsung then. The entire division containing Samsung’s phones business unit makes up only 8% of their revenue and 5% of their profit. They are a conglomerate that includes panels, foundry, electronics, multiple lines of business services, etc., etc. Apple (in its current form) is almost entirely dependent upon a single product to drive revenue across their ecosystem - the iPhone. And that revenue is increasingly derived from services. A more apt historical comparison might be IBM (Big Blue) in the 80’s-90’s which mismanaged itself out of the product space they commanded, lost or sold off their broad based consumer products divisions, and became a services company to drive margin at the expense of product development. That company is still trying to reinvent itself.What??? You’re mentioning Gucci in the same sentence as Apple? If you want to mention a like company at least discuss Samsung, who has more expensive smartphones than apple but is in the same industry and not fashion accessories.
You’re going to lump the billions of apple customers into a bucket labeled hapless, uninformed and are incapable of thinking for themselves?
You’ll laugh at this one, but how about Kodak? They owned the space they were in, absolutely owned it, and were one of the most profitable and respected companies in the world. A little technology called digital started to creep into photography, they were slow to adapt and completely mismanaged their dominant position. I like that example better.
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