[HN Gopher] The Apple $2T Economy ___________________________________________________________________ The Apple $2T Economy Author : zdw Score : 35 points Date : 2023-09-04 21:28 UTC (1 hours ago) (HTM) web link (www.asymco.com) (TXT) w3m dump (www.asymco.com) | oflannabhra wrote: | Horace is one of the better thinkers regarding Apple's business. | He consistently ranks relatively high amongst the independent | analysts at predicting Apple's quarterly earnings, although to be | honest I don't put much stock in that. | | He did a lot of analysis to determine how many active devices | Apple had in the world before Apple even started reporting those | figures. | | He was one of the only analysts who understood Apple's position | and scale, as well as some of the internal culture that helped | explain a lot of their seemingly abstruse decision making. | | Recently he got really focused on "micro-mobility" (ie, Bird/Lime | scooters, etc) which hasn't really been as earthshaking as he | predicted, but he's been mostly proven right about Apple. | | It's unreal to see the scope of Tim Cook's Apple (or the iPhone | Apple if you prefer). | brailsafe wrote: | > Recently he got really focused on "micro-mobility" (ie, | Bird/Lime scooters, etc) which hasn't really been as | earthshaking as he predicted, but he's been mostly proven right | about Apple. | | What was his prediction? Seems like that's only increasing in | popularity as people realize cars are like the most absurdly | wasteful, lazy, and/or excessive methods of transportation | imaginable for most daily activities, but it would depend on | where you are and what your real requirements are. | mschuster91 wrote: | > Recently he got really focused on "micro-mobility" (ie, | Bird/Lime scooters, etc) which hasn't really been as | earthshaking as he predicted | | Mostly because of antisocial behavior of all sorts: people | thinking that scooters were similar to bikes so you could drive | them while wasted, random youth groups throwing them off of | bridges, into waterways or otherwise destroying them "for the | lulz", inconsiderate dumb fucks parking their scooters right | where they stepped off, or companies that plastered scooters, | bikes and cars over entire cities without coordinating with any | authority beforehand. | | All of that led to a massive amount of public resentment and | subsequent regulation that impeded usage (e.g. no-park-here | zones, speed limits during the night and sobriety tests to | reduce the risk for drunkards, requirements to force people to | submit parking photos), and on top of that come the sometimes | ridiculous "unlock fees" or absurd pricing of 20-30 ct/min or | more. Public transport tickets cost less than that. | seydor wrote: | Paypal transacted 1.3T in 2022. Paypal's market cap is 69B, apple | 2960B | megablast wrote: | That is all paypal does. Apple does a couple of other things. | voz_ wrote: | This is a non point? | oblio wrote: | [flagged] | translucyd wrote: | 2% of the world's GDP? Holy s#!%. | creer wrote: | And the Visa system US$6.8 trillion in 2014 says wikipedia 9 | yrs ago as opposed to yrs from now for Apple, and China's | UnionPay still more, etc, etc. Sure these are big numbers and | Apple's are not particularly crazy. And like market cap they | don't have much to do with much else. | nine_k wrote: | But $2T is market capitalization, not yearly sales. | | This mostly means that AAPL is seen as a safe asset to park | large amounts of (fiat) money. | kyruzic wrote: | At least read the article before commenting. It's talking | about the total transactional value of the app store. Not | apples market cap. | nl wrote: | While the comment you are replying to is wrong, this | comment is also incorrect. | | > this data includes payments which are not captured by | Apple directly. In the words of the authors, "More than 90% | of this figure originated from transactions that did not | happen through the App Store, meaning that these amounts | accrued solely to developers and other third parties, and | that Apple collected no commission on them." | tracerbulletx wrote: | The article is about an estimation of the total volume of | transactions going through apps on the app store, both in the | app store and outside of the app store direct to the app | publisher. It's currently at 1.1 trillion, they're projecting | given the growth rate it could be 2 trillion in 2 years. That | is the figure being discussed. | eucjejcjwjf wrote: | Market cap has absolutely nothing to do with the article and | the (fiat) take i ungrounded. | candiddevmike wrote: | Break them up, way past the point of too big | Someone wrote: | FTA: _"More than 90% of this figure originated from | transactions that did not happen through the App Store, | meaning that these amounts accrued solely to developers and | other third parties, and that Apple collected no commission | on them."_ | nl wrote: | From the article: | | > this data includes payments which are not captured by Apple | directly. In the words of the authors, "More than 90% of this | figure originated from transactions that did not happen | through the App Store, meaning that these amounts accrued | solely to developers and other third parties, and that Apple | collected no commission on them." | _Parfait_ wrote: | Reactionary and meaningless. Break it up into what? | folmar wrote: | Phones, computers, software, consumer electronics, digital | services, marketplace. | HFguy wrote: | Why this is right? You just responded with a list of | their product lines? | scarface_74 wrote: | So exactly how would you "break Apple up"? | EGreg wrote: | Once they get bigger than the US government (not the | country, the government) they wouldn't be able to do | anything to Apple. | | And even now, Apple can just relocate, as Microsoft | threatened to do. | ThunderSizzle wrote: | Then just tax them to hell (aka tariff Apple imports if | they move out of the country significantly) if that's the | game these companies want to play. They need the US | customer base and investment base more than the US needs | Apple. | thenewwazoo wrote: | Exactly how they break themselves up: iPhone, Mac, | wearables, services, and so on. | brokencode wrote: | I don't think so. Apple is not a monopoly in any of those | spaces, and has plenty of competition on all fronts. | | One of the big things that makes Apple products so | compelling is the integration and shared engineering | between them. | | For instance, Apple made some of the best processor cores | over the course of a decade for the iPhone. Now, variants | of those cores are used in everything from the Apple | Watch to the Mac. | | Also, when you buy an iPhone app, it will often also work | on the iPad and Apple Watch with tight integration and | syncing. | | To break the company up on product lines would | significantly worsen the products. It would make the | products less competitive worldwide and likely hurt the | US economy. I think this would be a nonstarter for | regulators. | | If regulators want to go after anticompetitive practices, | they would more likely force Apple to make changes to App | Store policies, which are in many cases incredibly | unfair. | mschuster91 wrote: | > For instance, Apple made some of the best processor | cores over the course of a decade for the iPhone. Now, | variants of those cores are used in everything from the | Apple Watch to the Mac. | | Regulators could force Apple to sell their CPUs (if as | hardware or as IP license) under fair conditions to | willing buyers, or to open up macOS, iMessage, Facetime | and Find My iDevice to competitors' products. | | That way Apple could still enjoy the benefits of having | tightly integrated hardware and software, but the rest of | the world could enjoy high performance ARM systems as | well, thus _finally_ providing some actual competition to | Intel and AMD. | moralestapia wrote: | I'm not an Apple shill but that would be extremely | detrimental to users. | mustafa_pasi wrote: | Of all the big tech companies Apple is the most innocuous. | There have no monopoly in any of their sectors and you can | just ignore them if you wish, as I do, without any | consequences. ___________________________________________________________________ (page generated 2023-09-04 23:00 UTC)