Apple was the most valuable company in the world from 2021 to 2023. But in 2024, they fell to second place. With Microsoft claiming the title for half the ye...
I don’t agree with the conclusion that they should just have bought more AI chips
The very tl;dr is that Apple has been catering to shareholders first and foremost to the point that all else suffers. To elaborate a lil more:
The video shows an internal email from the iPhone VP of marketing that basically says they should only add features that are good enough and that what the iPhone already offers could be considered too much. “ Anything new and especially expensive needs to be a rigorously challenged before it’s allowed into the consumer phone”
Then there’s the thing where Cook allows stock buybacks which Jobs didn’t. I am not sure what this means exactly but it plays into the broader point that Jobs was a product genius and Cook is a financial genius. (also, they spent $77 billion on stock buybacks, this will be relevant in a second).
Lastly there is AI. Apple is lacking in AI chips so there was a request to double their amount, which would’ve cost about $10bn. But this request was denied. So they had to not just work with their own aging chips, but rent cloud computing infrastructure from Google.
TL:DR?
Yes.
I’m not watching a fucking YouTube video.
No judgment if that’s your thing. I just don’t enjoy it.
The very tl;dr is that Apple has been catering to shareholders first and foremost to the point that all else suffers. To elaborate a lil more:
The video shows an internal email from the iPhone VP of marketing that basically says they should only add features that are good enough and that what the iPhone already offers could be considered too much. “ Anything new and especially expensive needs to be a rigorously challenged before it’s allowed into the consumer phone”
Then there’s the thing where Cook allows stock buybacks which Jobs didn’t. I am not sure what this means exactly but it plays into the broader point that Jobs was a product genius and Cook is a financial genius. (also, they spent $77 billion on stock buybacks, this will be relevant in a second).
Lastly there is AI. Apple is lacking in AI chips so there was a request to double their amount, which would’ve cost about $10bn. But this request was denied. So they had to not just work with their own aging chips, but rent cloud computing infrastructure from Google.
tl;dr Cook is cooked or something idk