Friday, January 30, 2015

$Apple' > $Google

Bad Assumptions | stratechery by Ben Thompson
"last quarter Apple’s revenue was downright decimated by the strengthening U.S. dollar; currency fluctuations reduced Apple’s revenue by 5% – a cool $3.73 billion dollars. That, though, is more than Google made in profit last quarter ($2.83 billion).2 Apple lost more money to currency fluctuations than Google makes in a quarter."

"Apple’s mission is to make the greatest products on earth and enrich the lives of others"

"...there is a segment of the market that is not strictly governed by the lowest price.... customers value products that deliver more value than what can be reduced to a number, ...there is an opportunity to create best-in-breed experiences for a handsome price."

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