141–150 of 272 posts
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Apple is targeting its next 10 years' growth in three key markets: Laptops, VR/AR, and EVs. How big is each market cap?
Laptops? I remember seeing a slide a while back (2017ish) where 70% of Apple's revenue was from iPhones, 5% from iPads and 2% from Macs. No way in hell do they consider that a big growth market.
Apple is clearly an incredibly successful company but to take an example why would an energetic young developer ever choose to work on Apple Music over Spotify? I say this as an Apple Music subscriber but one is a company that is existentially all in and the other that sees a revenue stream. This is evident in the quality of the respective products. If you’re not in the AR/car divisions then what is the point.
I get your idea, but Spotify isn't exactly an innovative company either. They made a product that was successful and they simply maintain it while also exploring other revenue streams (podcasts, Car Thing).
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Extremely unlikely that Apple will 4x again in 4 years. Last 4 years stock performance are an extreme outlier for the all big tech companies.
It's not really that much of an outlier -- AAPL has had pretty ridiculous growth in each of the previous 4-year periods this century as well. 2021-12-28 $179.29 4.19x 2017-12-28 $ 42.77 2.14x 2013-12-28 $ 20.00 2.65x 2009-12-28 $ 7.56 2.87x 2005-12-28 $ 2.63 6.57x 2001-12-28 $ 0.40 3.33x 1997-12-28 $ 0.12 I agree this can't go on for too much longer, if only because governments will eventually stop Apple if they cont…
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I don't have an insider perspective on this, but from where I'm sitting, it sure looks like the giant bag of money is sufficient and Meta/Facebook hasn't had to worry about any of those things for a long time.
The giant bag of money is the tax. If they weren't having problems with retention and hiring because of the ethical dilemma, they wouldn't have to offer such a large retention bonus.
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> Now, can't pay someone market rate because that would be going out of band. While at the same time, people who come in as "headline" hires from external are given not nearly such scrutiny and instead get $Ms and hiring bonuses and directorships. This seems like a common, growing problem in BigTech: It's often easier to interview and get L+1 at another company than it is to get promoted from L to L+1. Hell, it's pro…
So true. I don't understand the logic of why companies do this. It's not limited to big tech, I'd say it's true anywhere the company grows beyond 40 or so employees.
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> Now, can't pay someone market rate because that would be going out of band. While at the same time, people who come in as "headline" hires from external are given not nearly such scrutiny and instead get $Ms and hiring bonuses and directorships. This seems like a common, growing problem in BigTech: It's often easier to interview and get L+1 at another company than it is to get promoted from L to L+1. Hell, it's pro…
So true. I don't understand the logic of why companies do this. It's not limited to big tech, I'd say it's true anywhere the company grows beyond 40 or so employees.
Fuck me, how do I position myself as a developer being poached for $200k?
Go to one of a dozen or so privileged colleges that FAANGs almost exclusively hire from. Or more realistically, know someone who is already at one of those companies and can vouch for you and get your resume looked at by a recruiter. After that it's mostly a matter of how well you can handle a high pressure tech interview loop.
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FWIW, the Apple software devs I know really enjoy their jobs. They all agree that it's not easy work, but I don't know anyone there who claims mistreatment. Small sample size, of course. > It makes me excited for the future of software engineering to see moves like this. Clearly Apple, and many other companies, are starting to understand just how critical devs are to a modern business. As a counterpoint, some of the…
As a former engineer in SWE, I don’t think there was mistreatment, but I definitely felt like designers were treated (slightly)better. At the minimum they seemed to have better snacks back in Infinite Loop!
Speaking of employee stock options, Does anyone have a recommended resource that details what practically happens to my options when a company IPOs? I know there’s a lot of variables but I imagine there’s some common patterns and things to be aware of. The entire thing is Greek to me and might become very important soon.