Apple Electronics is the biggest mobile technology company in the country. It is the manufacturer of iPods, iPads and iPhone. This giant manufacturer has been on a constant gain in the stock market for the last one decade. This has been attributed to the innovations that they have introduced in the market. The three product brought a revolution in the market. They came to introduce a new way of doing things. For example, before the iPod, people used to play music from disc, which was not portable. With iPod, music is accessible at the fingertips. Such was the magnitude of the technological development that was brought by this Apple product.
Now, there is a problem with the way the company is operating. Since the death of Steve Jobs, who introduced these products, there has been no other new product on the market. Apple has been reaping from the innovations of Steve Jobs. Since 2011, they have produced various models of these products. They make changes such screen technology, size, storage size and colour. Although the company have been gaining in the stock market, this is about to changes as they will soon lose the customers’ preference. Customers can no longer continue buying the same product every year. They will get tired and look for better alternatives.
Paul Mampilly believes that the fact that Apple is doing nothing to introduce new products in the market is enough to bring the market down. Rival companies like Google and Amazon are already doing a lot regarding delivering user-friendly technologies. Google through the chrome book is targeting the young generation. The software running Chrome Books belongs to Google. The software is dependent on cloud services offered by google too. Already Chromebooks have been identified as the best learning devices for children. This means that as we move forward children, we grow up knowing Google technology as the best. This was the same thing that propelled Apple to success. They targeted children with their devices, but now they have lost their connection with the young generation. Children now relate to Google than Apple. Amazon is also doing well with their Alexa technology.
About Paul Mampilly
Paul Mampilly has worked in Wall Street for over 25 years. He has worked with major banks such as ING and Deutsche Bank. He has also been a hedge fund manager for Kinetics Asset Management.Paul Mampilly won the 2009 Templeton Foundation awards.