Facebook has 3 billion monthly active users and that number is increasing.
If that’s not doing fine, what the hell is?
If that’s not doing fine, what the hell is?
Apple, on the other hand has 2 billion active devices that people paid money for and are on a replacement cycle. Somehow that is only worth twice what a Facebook account is worth in terms of market cap.
One user can own multiple devices. My friend owns an iPhone, an Apple Watch, and AirPods as well.
Also, the timeframes are different. Apple consider any device which pinged one of their services within the last 90 days to be active. So it's approximately 1 month vs 3 months in terms of the window of measurement. And we're not even getting into the possibility of devices pinging their services that aren't in true active usage, i.e. an iPad that's just charged and connected to WiFi but not actually used.
Of course, that's still extremely impressive from Apple! It's an amazing achievement which the market has obviously rewarded. But it's very much apples to oranges here. Those two statistics can't be directly compared because they represent different measurements over different periods of time.
The comparison is between 2 billion physical devices that cost real money to buy and replace with 3 billion entries in a users table with a datestamp.
Of course we can make that comparison.
You can grow "users" without actually growing users, by having the same people have multiple accounts.