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October 2011

Hello iCloud, Welcome Future

On eve of the iCloud launch, I am reflecting on the past to predict the future.

Apple is currently the most valuable company in the world, the most valuable to have ever existed, with a cash balance larger than most industries, $0 debt, and an invincible combination of differentiation and low cost.

And yet, its market share is tiny.

The future has never been brighter for Apple. Go long, very long, Apple. 

And if Apple's future is bright. So is the world's.

For the past three decades, Apple has been focused on one goal: to make our lives better. 

In our terminology, Apple's mission is to help people get jobs done better. 

Jobs are the tasks and goals we need to accomplish to make our lives better. 

Learn a new skill, teach a child, cure a disease, build communities, collaborate, inspire...

Make our lives better. 

It is a simple goal with enormous complexity. And complexity creates opportunity to simplify.  

Continue reading "Hello iCloud, Welcome Future" »

Ending Free Money

How can we make our lives better?

First, let’s look at how we got here. Our economy is in trouble and your life is probably not better off than it was 10 years ago. It is probably not getting any better soon.

So why is this? Did you stop working hard? Probably not. Did our country stop innovating? No - just look at the innovation here in California: Apple, Google, Facebook, Twitter...

So what happened? What caused your life to be worse? In short, what has happened is very simple: a very bad idea has infected Washington and politicians. This bad idea has caused enormous damage to our economy and it even caused the total collapse of our economic system in September 2008. 

Continue reading "Ending Free Money" »