Apple is now more valuable than Google in terms of market cap. That shocks me. Hardware manufacturer beats software/services and internet company. What a turnaround of a company by Steve Jobs. Best second act in the history of mankind.
Ted's Take
Apple is now more valuable than Google in terms of market cap. That shocks me. Hardware manufacturer beats software/services and internet company. What a turnaround of a company by Steve Jobs. Best second act in the history of mankind.
I think it’s safe to say that Apple owes much of their current success to the popularity of the Ipod. Many people that would never consider an Apple product were introduced to the brand through the Ipod and fell in love with its design, simplicity and quality. This made people consider other Apple products- computers, peripherals, etc.
The Ipod would probably not exist if it wasn’t for the popularity of MP3 technology. It’s interesting that a technology that the music industry blames its current troubles on is the technology that had a great deal to do with Apple’s current success. Just goes to show you that companies that recognize trends and move to embrace those trends with innovative products and services will be rewarded by the consumer.