Apple's Reinvention as Services Company

Stockolio

Stockolio

https://www.bloomberg.com/news/arti...-as-a-services-company-starts-for-real-monday

Apple’s three big hardware markets -- smartphones, personal computers and tablets -- are stagnating. To keep growing, the company has been trying to sell its existing device owners services such as Apple Music subscriptions, iCloud storage and AppleCare warranties.

On Monday, Apple will add video and news subscriptions, and could unveil a similar offering for credit cards. The company may also discuss combining all these digital services into a single bundle, similar to Amazon’s popular Prime program. Apple already has discussed the possibility of discounts for users who subscribe to more than one service.

Apple Video Streaming, Apple Games Subscription, Apple News and Apple Credit Cards through Goldman Sachs... Are they over reaching or is the Amazon-AliBaba hand in everything the future of big monopolies ?

  • Apple and Goldman Sachs Group Inc. are working on a joint credit card tied to the iPhone and Apple Pay app.
  • Goldman CEO David Solomon is planning to attend Monday’s event, suggesting the partnership will either be announced or a deal is near.
  • Apple’s iOS 12.2 update will include a new Wallet app that lays the groundwork for the Goldman credit card.
  • The card will support a new virtual rewards and tracking system to encourage timely payments.
 
Any successful, long term examples, on this type of evolution, from past history ?

Thanks.

Acquiring companies in different fields, e.g like Google with Boston Dynamics, could be another step for future (?)

Becoming ,,immune to disruption"...
 
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Apple just have so much cash on hand, they had no choice but to diversify... The credit card move isn't surprising, and I see them getting into video games/gaming consoles ( Microsoft style ) along side Phone game apps like they are now entering. They are also getting into Healthcare... Only examples I can think of are Alibaba in China and Amazon in US, but trend will accelerate as time goes
 
It's the constantly trying to grow which ruins all companies ultimately, they should just learn to be happy making a profit, look after there staff not sack good people to cut costs and increase profits, cause ultimately that leads to there demise :(
 
Turveyd said:
It's the constantly trying to grow which ruins all companies ultimately, they should just learn to be happy making a profit, look after there staff not sack good people to cut costs and increase profits, cause ultimately that leads to there demise :(
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I like, how some people respond to such growth, great example, Ray Dalio

,, is Bridge Waters open for new investors? (reporter)

- no way, we have more than enough already "
 
Nobert said:
I like, how some people respond to such growth, great example, Ray Dalio

,, is Bridge Waters open for new investors? (reporter)

- no way, we have more than enough already "
More...

That's different... Too big of a hedge fund is bad, your stuck with investing in Dow companies, SP lots, Bonds or EM... Bridgewater is so big they can't manoeuvre fast, although 2018 was a good year for them. I am against companies being too big, some monopolies are heading that way, crushes any entry level start ups and then the goal is strictly being bought out down the road for the newcomers, like what Coke and Pepsi did in the soft drinks sector
 
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