Live data from Hacker News

Apple becomes the first $1T company

washingtonpost.com

131–140 of 352 posts

Re: Apple becomes the first $1T company

#131

Earlier quoted context omitted.

We can still complain about their walled-garden approach to software distribution, particularly the extortionist 30% fee and handicapping of non-native apps. Or their kowtowing to the Chinese censors.

> Or their kowtowing to the Chinese censors. And what exactly is the alternative option for them there? They can either follow the rules in China or completely lose all of their business. That is on China, not Apple.

And I'm really curious why people here are not mentioning Apple gave Chinese gov access to icloud data for Chinese people. Kind of double standard I have to say...

Re: Apple becomes the first $1T company

#132
post #85
post #54

Good for it. Becoming a trillion dollar company selling quality products people love. Not data mining everything about your life and using it for advertising (Google), ruthlessly destroying competition (Microsoft), or destroying the environment (Exxon). How old fashioned.

Exploiting 3rd world labor and selling overpriced crap to the rich of the world. How old fashioned.

As opposed to employing 1st world labor and let 3rd world labor starve?

Re: Apple becomes the first $1T company

#134

Earlier quoted context omitted.

I didnt know this about NT - Where did they come from?

Dave Cutler and his team of OS designers from DEC integrated with Microsoft software engineers to create the NT kernel. Cutler was a crucial figure in DEC, but was waysided by management so he jumped ship, and built the design he wanted to build at DEC (but never got management buy-in for) at Microsoft. All outlined in the book Show Stopper! THE BREAKNECK RACE TO CREATE WINDOWS NT AND THE NEXT GENERATION AT MICROSOFT…

And if I remember correctly, NT's kernel was a microkernel. It seemed to be the best choice for the future, back then.

Re: Apple becomes the first $1T company

#135
post #18

No. It is the first PUBLICALY TRADED company on the US STOCK MARKET to be valued at $1T. There have been many companies that have broken that point in inflation-adjusted and NON-inflation-adjusted valuations. Three big ones are the Dutch East India company, the most valuable company in history, Standard Oil, the most valuable US company ever, and Saudi Aramco, the current, most valuable company. I've seen to many art…

Saudi Aramco is not even afloat yet.

Re: Apple becomes the first $1T company

#136
post #97

Earlier quoted context omitted.

> this is the first U.S. company to hit $1 trillion What's the other one?

Norway’s sovereign wealth fund is (or was?) worth over $1 trillion

Can I buy shares in Norway’s sovereign wealth fund as an American? If not, it’s not really a meaningful comparison.

Re: Apple becomes the first $1T company

#137
post #107

Earlier quoted context omitted.

We can still complain about their walled-garden approach to software distribution, particularly the extortionist 30% fee and handicapping of non-native apps. Or their kowtowing to the Chinese censors.

The 30% fee is not baseless. Steam charges 30% to be on its store. Same with PlayStation and Microsoft Store. Seems like it’s the standard distribution fee.

Apple was the first to lead with this egregious fee. They should be forced to unbundle the fee into optional components, e.g. five components of 6% each, minimum 2 components must be chosen (12%).

That would subject each service fee component to competitive quality/demand forces within Apple, e.g. app search, trials/CRM workflow, app distribution. Developers and users can both exert choice on the subset of fees applied to a transaction, so they can provide performance-based feedback to Apple.

Even a monopolist can compete with itself, to improve service and product.

Re: Apple becomes the first $1T company

#139
post #119

Earlier quoted context omitted.

I worked in Windows Mobile at the time. He was just quoting what the best market researchers had told him. We were given a LOT of market research papers with in-depth customer surveys where lots of people said, repeatedly, that they would "never pay money for a phone". If you think back to then, phones were "free" with a 2 year contract. The idea of getting someone who was used to free to switch over to $600 overnigh…

Consumers are just as bad at predicting the future as everyone else. Market research is great for making iterative improvements or learning what people are frustrated with, but it's data, not knowledge, and definitely not prognostication.

This is incredibly true, a huge lesson from the iPhone is that consumers can not tell you what they cannot imagine.

Creating entirely new markets takes vision.

Post reply on HN