Ouch! Devastating news. This is going to be tough upcoming months for Apple. Folks, stop holding on to your devices and upgrade!
I am nearly financially independent. Meaning that I am close to not needing a job in order to not only survive, but continue to grow my net worth. I didn't get to this point by upgrading consumer devices so as to keep my stock holdings' value up.
As a result, I was able to pay cash for my car (not new), a washer and dryer, my last iPhone (12 Max Pro), my MBP Ultra, and a couple years ago, my iPad Pro whatever-whatever.
I would love to own Apple stock, but I've been saying for months now that it's going to be harder and harder for them to achieve the growth of stock value like they did in recent years. I'm sure that post is still out there somewhere on MacRumors...maybe from last May or something?
I’ll upgrade when apple releases something worth upgrading for. iPhone 14 sucks. Apple Watch series 8 sucks. They can keep them, and it appears I am not the only one who skipped them. Maybe this’ll teach them a lesson and iPhone 15 and Apple Watch 9 will be more interesting. Otherwise I’ll skip those too, it’s not like having the latest iPhone or Apple Watch is a necessity. Most people only bothers if they are genuinely exciting, and iDevices lately haven’t been.
iPhone 14 does not suck. Neither does Watch 8. I'm still happy with my version 12 and 6 devices for now, but...what are you, five years old?
Well you are going to need Apple devices to place an order for food, bills and rent. 🙈
If I need food, I can visit my garden in the summer. And then there's a Publix 3 miles away. If I have to rough it, I'll figure out how to get there without Siri or Waze.
I didn't know my current Apple devices were incapable of doing those things.
lol, I also have an Amazon Fire tablet. I'm sure I could figure out how to order a pizza from that.
The iPhone Pro models get the headlines, but the bulk of Apple's revenue comes from non-Pro devices. If customers aren't interested in regular iPhones, that's a big deal.
Apple doesn't break out their profits like this. I don't know how you would have reason to know it, unless you have access to insider information. In which case, you should probably not be disclosing it on a public forum.
AirPods are almost like a subscription with recurring revenue due to their disposable battery design. If Apple doesn't think consumers are buying those this year, that's a pretty bad sign of things to come.
AirPods won't be the succeed or fail product for Apple.
Maybe they will start innovating again...
Well, the way you say it sounds bad. But you're not wrong, and here's why: "something new" is almost always behind every successful business valuation story, and this goes at least back to the 1930s and earlier. That something new can be a product. It can be a new service. It can be a new PROCESS or WORKFLOW that makes a product or service more efficient to make, less costly to produce, or even cheaper or faster to get into the customers' hands. It can be new automation. It can be something that reduces errors or malfunctions. It can be a new way of thinking, or a new way of doing.
It's not that Apple is no longer innovating, because we all know that they are, even now. But they need to find a way to move the needle on BIGGER innovation. They need something a lot more than a push. Something along the lines of a shove. or maybe even a full-on body-block or tackle. A new camera is a push. A whole new paradigm (though I don't know what that would be) would be a tackle.
He is not alone. There are lots of people that have no care to upgrade. The innovation out of apple is stale.
Stale is a strong word. But you also are not wrong.
You forgot how much debt they are sitting on.
OMG, almost 200% debt! That's screechingly frightening.
But who are we to complain about debt, when the US is $22.72 trillion in debt, and barely collects 2% of that ($565 billion) each year in taxes?
Oh and here's this...
The top 1 percent paid a greater share of individual income taxes (38.8 percent) than the bottom 90 percent combined (29.2 percent). - from
https://taxfoundation.org/publications/latest-federal-income-tax-data/
We really SHOULD stop spending money we don't have. We can't help the world when our own country is in such poor financial shape.
www.macrumors.com
