Yes the iPhone “one trick pony” excuse, but it is a pony that is often imitated but unable to be mastered by others...so it is very special indeed.
Whereas Amazon does many things well but has no element which can’t be duplicated by others including AWS.
Every year I spend more money on Apple stuff but my Amazon purchases have long since plateaued and have started to actually decline.
I see AAPL having a 1.3 T market cap soon-
250 B hardware sales annually 50 B service revenue annually so per Wall Streets rules-
(250 x 4) + (50 x 7) = 1.35 T with a little discount for the typical Wall Street AAPL hatred.
Amazon breaks the rules too much for me...the avoidance of profit to minimize taxation and maximize expansion rubs me the wrong way...it’s corporate culture is too cutthroat for my tastes.
I am one of Amazon's longest term customers. I am in awe of their innovation and operational efficiency. However, there are aspects of Amazon that create a great sense of uneasiness with me, but only because they are running a bit open-loop when it comes to balancing capitalist and socialist considerations that impact most western societies. Amazon is the archetype for how capitalism works on a global scale if there is a global level playing field. The problem is that no such level playing field exists and lots of real people who work for companies that are far more operationally constrained and less agile than Amazon are getting crushed by Amazon's incredibly efficient execution models. This is not really Amazon's fault, it's more an issue of operational disparities and legacy, some of which is imposed by regulations and some of which is self inflicted. If real people weren't impacted we'd all be celebrating the multiple successes that Amazon has delivered and slurping up the personal benefits that Amazon delivers - to some of us. But therein lies the problem, only some of us are benefiting significantly from Amazon's success while other are being left behind. These disparities will create social friction and backlash if they are not dealt with in a timely and considerate manner. Humans are never throw-aways or consumables.
Apple under Tim Cook has a social compass that is fully engaged with their business and capitalist agenda. Amazon is still finding its way in this area, and at the Jeff Bezos level, is coming off as somewhat disengaged and robotic. If Amazon doesn't develop a better sense of humanity their membership in the trillion dollar club will be very short lived.
Dewme that you for this post...well reasoned and articulate.
Comments
Whereas Amazon does many things well but has no element which can’t be duplicated by others including AWS.
Every year I spend more money on Apple stuff but my Amazon purchases have long since plateaued and have started to actually decline.
I see AAPL having a 1.3 T market cap soon-
250 B hardware sales annually
50 B service revenue annually so per Wall Streets rules-
(250 x 4) + (50 x 7) = 1.35 T with a little discount for the typical Wall Street AAPL hatred.
Amazon breaks the rules too much for me...the avoidance of profit to minimize taxation and maximize expansion rubs me the wrong way...it’s corporate culture is too cutthroat for my tastes.