Screen grab from Pew/Elon survey questionnaire, January 2014
The Pew survey included a question about tech firms that was set up a little differently than the others. As the screen grab above shows, participants were asked to rank the long-term success, or lack of success, among the Big 5 as listed, as well as among other firms of our choosing.
Although it’s about 10 years too early to say “I told you so,” the news over the last few days provides some support for conclusions drawn in my response. As you can see, I’m calling for Amazon and Apple to become “More important”… Facebook and Microsoft to become “Less important”… and Google to “remain the same.”
Apple: too big to be successful any more?
A recent financial piece in the New York Times (Trying to See Apple From a Different Angle) says the stock market “doesn’t know quite what to make of Apple.” Two general reasons are adduced. One is cyclical: the company has had problems with sales of its cash cow, the iPhone. The other is structural: Apple has the largest market cap of any multinational, as well as the highest brand rating on the global Interbrand survey (all that engineering brainpower finally knocked a syrupy, dark-brown soft drink off its throne). Oh, and the $159 billion in cash it has lying around. Apple’s now so big and so successful that it’s scaring off growth investors who want to see a hit product every six months. Continue reading