Originally Posted by starburst
Yesterday, October 21, 2010, Steve Jobs met with President Obama. One of the topics they discussed was energy independence. In a previous interview with Walt Mossberg, Steve had mentioned that he was interested in alternative energy.
If Apple could acquire the expertise and ability to produce a device, a fuel cell the size of say a microwave oven, that would power your house, imagine the market. Imagine the value of a share of Apple stock!
I remember a few years ago reading that General Motors was working on such a device and they expected it to come to market within 3 to 5 years. It didn't.
Today, Apple is the company that could make that big move. Apple is the company that could succeed where others have failed. Apple would be the most important company in the universe and Steve Jobs' legacy would be unparalleled. At this point it's about legacy.This is a copy of an earlier post of mine - think big people
I don't think you're out of line at all with what you've got to say here. GM wanted to hire Tim Cook to be the CEO not long ago. A company the size and scope of Apple has to be thinking about 5~10, even 20 years down the future, not just holding off Android and staying ahead of Microsoft, coming up with better hardware than Samsung, Sony, Nokia, etc. over the next few years.
Apple has expanded into a variety of fields over the past decade that were not at all
areas of their core competencies: media content, cellular wireless technologies and networking, and battery power and alternative energy sources, etc. As high-tech melds with consumer electronics, Apple will continue to expand into other industries that provide value to what Apple already has and expand the networking effect.
The tech industry has expanded into a variety of other industries in the past and drove innovation in those fields. I think it's only natural that America's tech companies like Apple, Google, Microsoft, IBM, HP, Oracle/Sun, Cisco, etc. will continue driving innovation in such fields as education, energy and even transportation and reduce our dependence on foreign oil. What products
will evolve is difficult to predict, but I believe that tech will continue setting the trend.
Tech companies have already taken over media distribution, wireless communications and are now on the verge of taking over the TV industry and the living room. In the foreseeable future, home automation seems like the logical next step. Further down the road, the auto industry is in dire need of a complete makeover. I don't think it's coincidence that Google is already testing robot cars.
How significant will it be when Apple surpasses Exxon/Mobil as the most valuable company in the world? Very
significant in terms of symbolism for what it means in the future... We can expect Google to surpass the energy companies as well. The tech companies will
move into the field of energy and the automobile industry. Today's automobiles already have 30~40 microprocessors in them. They are becoming more and more like computers on wheels. It's only natural for tech companies to leverage their expertise in this area.
Sure, the traditional oil companies will conspire to protect their mega-profitable turfs but the tide is already turning. The tech industries will slowly but surely start encroaching on the automobile and energy industries. The tech companies are the only ones that could turn these industries upside down and reset into something that brings back value-added manufacturing to the US and make us energy independent.