As of closing today, Apple has a higher market value than Microsoft.
According to the Wall Street Journal – ten years ago Microsoft was worth 556 Billion and Apple 15.6 billion.
Now Microsoft is worth 219 Billion and Apple 221 Billion.
That says a lot.
Apple has successfully managed to make money from music, and from the iPhone.
It’s going to see it’s revenues continue to grow with the recent launch of the iPad.
There’s an incredibly bright future ahead for Apple. They’ve become trend setters in the hardware sector.
Apple’s is big, but VERY agile. They can respond fast to market feedback which is at the center of their success.
I don’t know about you, but I don’t like to be criticized. It’s annoying.
Especially if you think you’re doing your best.
But lately, there’s one company that’s been able to respond to consumer feedback in a profitable way.
Apple. Apple’s been able to listen to criticism and find a profitable way to respond to it.
Take a look at he iPhone. When the iPhone was released they kept outsiders from placing software on their phone.
They said that they would never do it.
But then consumers and developers started complaining. So what did Apple do?
They created an SDK that let third party developers make applications for the iPhone.
And they created an App store to sell these apps.
What happened? Apple accidentally created a HUGE market. They are estimated to have 2.4 BILLION dollars of revenue flow through the app store annually. Apple takes a 30% cut of that revenue and the rest goes to developers.
That’s a HUGE win for Apple, and they got the idea by listening to market feedback.