The tech giant has been in the industry for four decades and it still has a lot more to conquer.
Last Friday, Apple Inc. turned 40. Since the company is celebrating its big day by hanging a flag at the Cupertino headquarters, rolling out an inspirational video; dubbed as “40 Years in 40 Seconds,” and launching “special Apple 40” playlist which offers four decades worth song.
Back in 1976, Apple Inc. was established by Steve Jobs and Steve Wozniak with a passion to design a computer which can be conveniently used at homes. After few initial experiments, the company gained momentum and launched “Apple II” which revolutionized and popularized the personal computers. Later, the company launched “Mac” computers which blazed the trail of the graphical interface –for instance, the drop down menus. In this technological era, the graphical interface is taken as granted but back then it was a huge innovation in the field of computers. Later, Microsoft Corp. also adopted the same technology in their products.
The innovative and creative minds of the founders awed the world by launching an “iPod” in 2001 –a slim and sleek portable media player. The gadget laid down the strong foundation for the company which transformed it into a “highly innovative, hugely influential, and highly intriguing” technology company. In 2007, Steve Jobs launched the evolutionary smartphone –the iPhone. The smartphone revamped the mobile phone industry. It changed the way mobile carrier used to deal with the mobile phones makers; by shoving down their high demands because they were larger brand than a phone maker but Jobs had uncompromising nature. He built Apple to be a bigger brand than the carrier. Today, after 40 years of hard work, the company stood at over $600 million market capitalization and has been crowned as “the world’s most valuable company.”
Maybe because of these innovations and creativity, the investors and analysts have high hopes for the company whenever, it announces a product launch. It can be said that because of the revolution, iPhone brought in the mobile phone industry, the analysts couldn’t digest the “slowing growth of the tech giant’s prestigious and core product.” Therefore, many analysts, earlier this year, said that Apple had had reached its peak.
Many analysts opined that the company isn’t “revolutionizing” or “bringing innovation” to its products. The latest iPhone 6S/Plus didn’t have any exceptional features. The smartphone consumers are currently looking for more upgraded features and options. Moreover, the company’s launch event last month was not able to give a “blockbuster” product.
Apple’s core product sales might decline but the company still has other sources of generating revenues. The “unlooked” area of the company is its continuous growth in the services offering. A long time after CEO, Tim Cook, justified why slowing growth in sales is not “concerning,” the analysts have finally seen the silver lining. Additionally, Apple’s co-founder, Steve Wozniak, during an exclusive interview to CNBC, expressed that computing power is not likely to increase at the similar pace as it had since the time he and Jobs established the company however there are certain “other areas” which hold great potential for the Apple’s growth. He cited that the areas like virtual reality, machine learning, and self-driving cars can potentially raise the growth prospects of the tech giant.
Naturally, the tech behemoth works relating to these areas are coveted for the time being. Rumors have it that the tech giant is working on secretive project of self-driving cars dubbed as “Project Titan.” However, the company’s likely transition to virtual and augmented reality is no secret. Therefore, it can be confidently said that the company who had revolutionized the work with its 40 years of operation will continue to appall the world in the next forty or more years to come.
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