Tim Cook's Email to Employees About Apple's $1T Milestone
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It's interesting to me that Mr. Cook is downplaying this, but it makes some sense, since the price of the stock (and therefore the valuation) is only loosely tied to the success of the company.
It seems like the CEOs who really know what they are doing choose their celebrations carefully.
A good lesson to learn here.
I feel like this is the same trap that Facebook fell into. Celebrating subscribers is great until you top out.
In my opinion when the performance metrics are down is when you need the team building the most.
But when it came to something for the whole company it was tied to company events.
Aren't these types of messages mostly meaningless? I mean, what is he going to say?
"Our stock price reflect our ability to continue to charge substantially more for our products than they cost to make. So I would like to thank our lawyers for making sure we aren't the ones who have to pay more taxes. The executive team at the other tech companies for helping us collude against our own employees so we don't have to pay them more. And our friends in China who keep a steady stream of low payed dormitory bound workers available so we don't have to spend our money in the US, or even much at all. Thank you all for helping us continuing these practices as the world burns."
Posthumous reality distortion field in effect. Can you feel it?
This is an unbelievably tone deaf thing to say and a reason why people roll their eyes when techies talk about the future.
For a good example of how this type of rhetoric fails to persuade people, look for criticism of Steven Pinker. I'm not trying to discard his work so much as to point out that the values he takes for granted as being desirable are not universal.
EDIT: for backup to my "widely held" claim, here's a poll on what people think has improved life the most in the last 50 years, as well as what they expect to improve it the most in the future. Technology and medicine / health (which is technology-related, of course) hold the top two spots in both results: http://www.pewresearch.org/fact-tank/2017/10/12/four-in-ten-...
Also, just by way of info, Africa is now one of the world's fastest growing economic regions, thanks to capitalism: https://www.mckinsey.com/featured-insights/middle-east-and-a....
I genuinely don't get it. We just watched Asia lift literally billions of people out of abject poverty through capitalism, and now that Africa is on track to do the same, people are full of criticism. Unreal.
In any case, there are more things to measure with effects of technology than poverty, which is far from an objective measure and implies many things about the values of the person measuring it. You need to compare and contrast multiple views of the world to meaningfully conclude one is better. Steven Pinker has only made a readable argument for one perspective. Merely accepting that argument will not necessarily provide you with a better model. This viewpoint is inevaluable by itself; a pleasant bit of secular faith.
Anyway, it’s tone deaf because children are also mining our computer components, working in effectively slave labor factories, recycling our technology at great cost to their communities, likely because the power dynamics between nations are so skewed to wealth. This “progress” is paid for in the blood of children.... so, by producing such a simple view of the universe, you are implying your values and marginal life improvement completely justify the pain people go through producing your phone, sneakers, tv, all of which are designed to rapidly deteriorate and continue the cycle.
In 100 years when people hear Disney they will think about Walt Disney.
Why? Because it literally is "The Walt Disney Company".
https://www.nyse.com/quote/XNYS:DIS
Will they think of Jobs or Gates when they hear of Microsoft or Apple? It's far from certain.
How many CEO's from 100 years ago can you name that did not have their name in the company's name?
I'm not sure how many CEOs from 100 years ago I can name, period. Most companies that old do seem to include a person's name. But I'd say Steve Jobs stands at least as likely to be remembered as Ray Kroc or Thomas Watson, and for many of the same reasons.
He knows he's never going to match that legend... so why try? Instead of fighting it, he uses it to foster a common purpose within the company.
In terms of "maintaining" the business, Apple's share price when Cook became CEO seven years ago was about a quarter of what it is now. Pretty good maintenance.
I posited that Steve probably wasn’t the right person to grow Apple to $1T in market cap and that Tim really made it happen. My friend took the opposite side believing that Tim is just running of Steve’s ideas and that Tim had relatively little to do with making it happen.
Curious to see what HN thinks.
This is an interesting topic for me as I find myself asking similar questions about my role at a company I founded.
I founded a company currently valued in the low-mid 8 digits. I successfully brought the company through an acquisition and have doubled revenues since.
I keep coming back to an article I read on HN years ago talking about the 4 types of CEOs: founder, growth, maintenance, death (bankruptcy). While I’ve found success in 1 and 2, I don’t enjoy 2 as much as 1 and I don’t think I’d be any good at 3 or 4.
I’m probably experiencing a form of imposter syndrome as the board & leadership are all satisfied with my performance, but the thoughts still linger.
I think Steve Jobs was an incredibly talented person and it's not really fair to ding Tim Cook for not being Steve Jobs. Apple is obviously not the same company without Jobs, but is that Tim Cook's fault? I don't see how.
It seems to me that a lot of the "analysis" of Tim Cook vs Steve Jobs is really just people wishing Steve Jobs was still alive. I wish he was too.
I will point out that Steve Jobs returned to Apple in 1997 and hired Tim Cook in 1998. So Jobs' incredible 2nd run at Apple was also, to some extent, Cook's incredible run too.
He told me that Steve was his friend, and he believes that no true friend can ever be/replace their friend, so he chose to run Apple like Tim.
From his emphasis on privacy to his masterful supply chain management, it is clear that he has stuck to that position.
https://www.macrotrends.net/stocks/charts/AAPL/apple/pe-rati...
>Anti consumer- Proprietary hardware, non standard devices, and a constant cornering of user content. I remember burning CDs from Itunes and ripping them back just to use them on my mp3 player... The hardware is 2x the price of non Apple brand, this should come as no surprise.
>Anti developer- It sounds like at bare minimum I will need a 600 dollar refurbished apple mini to compile my app. And pay for yearly development. And apple intentionally breaks code. Not to mention prior to 2014, they were harsh on app developers denying many people's hard work.
I cannot understand the fandom on HN, why would anyone be a fan of such an aggressive company?
EDIT: 3 downvotes and 0 reasons why? Did Apple buy accounts on HN?
Also, didn't iTunes lead the charge to ditch DRM?
On the developer side, I'm an iOS dev. It might be frustrating that Apple doesn't make their toolchain available to you on a Linux box, but I'm actually really glad. It's complex and frustrating enough without them trying to support hobby developers on other platforms. This sounds harsh, but if you don't care about / enjoy Apple's platforms enough to spend $600 to develop on them, they probably are better off without you developing for those platforms.
Also, Apple doesn't generally "intentionally break code". They deprecate stuff all the time, which I appreciate both as a consumer and developer. It keeps the platform relatively cruft-free and ensures that I don't have to make my apps support iOS 1.0 through 12.0.
All of the above is generally my opinion, so if you're going to argue that I actually do want standard devices, or that I should want Apple dev on Linux, or that deprecating things on their platforms shouldn't be my preferred approach, don't bother.
So yes, I'm a fan of Apple, because I value things differently than you, and their actions align with my values.
Internet Explorer was standard. Chrome has become a standard — both browsers got downright proprietary with all of their “standards.”
Have to buy a Mac to build your Mac/iOS apps? I don’t see what is so tragic about having to actually use the device for which you are developing. How can you run a Mac App on Windows or Linux? It seems like to even do basic testing you should be testing on Mac Harware. You can buy a brand new Mini for $499. Seems like a small price if you are a “professional” developer.
As far as intentionally breaking code, have you thought about why that happens? I assure you that there isn’t some secret group at Cupertino trying to figure out how best to annoy developers.
As far as “why Apple” — as an example, I have a 2010 iMac with 16GB RAM running High Sierra that is far more stable and reliable than a 2010 Dell running the latest Windows. That’s subjective, but the point is that Macs have a long lifespan and thus a high resale value.
Also privacy and security — Apple cares about it. They don’t always get it right, but how often have Macs or iOS been infected with malware compared to other platforms?
And there is UX. Macs are easier to use for most people that have tried them. iPhone satisfaction ratings are over 95%. That means something.
Of course Apple isn’t perfect, but find a piece of software or hardware that is — Apple gets things right far more than they get things wrong. Look at the various incarnations of Windows as a comparison and all the controversy they have generated.
Don’t like Apple? Don’t buy their stuff and stop trying to sell to people that do. You are free to go and sell wherever you want. As far as the Apple developer fee — if $99 per year is too expensive, then don’t pay it and go somewhere else. There are enough generic me-too apps on the store already. If you had something unique and valuable, you’d make plenty of money so that $99 would be insignificant anyway.
For all their faults, they brought personal computing quality out of the gutter and actually gave a fuck about UX.
To this day, you can't even reliably search for local files on a win10 system. They literally laid off their QA department.
I would've thought this to be an exaggeration, but I have the discord app installed, it's automatically starting at boot, It's pinned to the task bar, but when I search for "discord" in the start menu, it gives me a worthless "search the web" result. It's almost insulting...
For most people that like Apple, both developer and consumer alike, there are pros that vastly outweigh any negatives. Developers, for example, make hundreds of times more income via Apple's platforms than they do off Android. The investment in the hardware is part of that. It's an investment. For consumers, it's an investment in a product that they feel is better for them.
Your criticisms are nothing more than opinions. They don't really belong here.
I get (or at least hope) that it's an exaggeration, but I'm not too keen on seemingly witty phrases without substance that get repeated everywhere.
And if you did tax them at 50% would they have innovated and hired as many people as they have? As a thought experiment, would Apple have been as successful if it were started in Paris rather than in a Los Altos garage? Why doesn’t Europe have more companies valued in the hundreds or billions? Why is there little Silicon Valley-style garage-based entrepreneurship in France? Culture is one aspect, but taxes and regulations are the primary reason. If you tax something, you get less of it.
That's not how taxes, or any law for that matter, work. You don't get to steal from the society that created you by screeching "but look at the JOBS I created!"