Apple’s $1 Billion US Manufacturing Boost

Apple just promised to give US manufacturing a $1 billion boost:

Apple CEO Tim Cook said that his company will start a $1 billion fund to promote advanced manufacturing jobs in the United States.

“We’re announcing it today. So you’re the first person I’m telling,” Cook told “Mad Money” host Jim Cramer on Wednesday. “Well, not the first person because we’ve talked to a company that we’re going to invest in already,” he said, adding that Apple will announce the first investment later in May.

The fund comes as President Donald Trump has made bringing back manufacturing jobs a big part of his agenda, and it fits into Apple’s larger effort to create jobs across its spectrum, from its own employees to app developers to its suppliers.

This is potentially good news.

I know very little about business and manufacturing, but I do know there’s a difference between starting a fund and paying directly for the creation of manufacturing plants which employ people.

I believe Tim Cook to be genuine in his intentions so let’s just see what happens.

Categories:

Business, Career

Apple Watch, Slow and Steady?

Apple Watch sales to consumers set record in holiday week, says Apple’s Cook:

Sales of the Apple Watch to consumers set a record during the first week of holiday shopping, and the current quarter is on track to be the best ever for the product, Apple Inc Chief Executive Tim Cook told Reuters.

Responding to an email from Reuters, Cook said the gadget’s sell-through – a measure of how many units are sold to consumers, rather than simply stocked on retailers’ shelves – reached a new high.

Cook’s comments followed a report on Monday from technology research firm IDC estimating that the tech giant sold 1.1 million units of the Apple Watch during the third quarter of 2016, down 71 percent from the year-ago quarter. The comments offer a glimpse of the gadget’s performance during the holiday quarter, which is typically Apple’s strongest.

Cook is doing that shady thing Amazon does when it reports the number of Kindles it has sold: it doesn’t give numbers (go ahead and try to find anywhere on the Internet where Amazon mentions how many devices they’ve sold).

The Apple Watch is probably selling well, considering what’s happening with their compeition: Moto is taking a break from making new watches, the Microsoft Band is dead, and who knows whats going on with Samsung. Then again, maybe they’re not selling well.

One problem may be that the growth of the Apple Watch is slow and steady, and not at the enormous the iPhone is at, and thus looks shitty by comparison.

I like my Apple Watch and I think it’s a good device, but you can’t expect everyone to drop over $350 on an Apple Watch right after they dropped $800 on an iPhone.

The Apple Watch is a parasitic device, meaning it needs an iPhone to function. The iPhone used to be the same, where you couldn’t use it unless you had a Mac or PC to sync it with. Now, of course, you can buy an iPhone, back it up to iCloud, and never sync it with another computer. I bet the Apple Watch will eventually get to that point too.

Back to my main point: MONEY. These devices: iPads, iPhones, MacBooks, Watches, they all cost money and unless the price point comes way down on these things (which I don’t see happening), people aren’t going to be rushing out to get new ones every year.

Categories:

Product

As You Know

John Gruber pulled, “We’re going to double down on secrecy on products.” as one of the key quotes from Tim Cook’s appearance at the D10 Conference.

I picked a different one.

When pressed about Apple TV, Cook responds: “We’re not a hobby kind of company, as you know.” Boom.

Apple ain’t going to mess around with Apple TV (in it’s current black box incarnation) unless they can ‘make a dent’ in the television universe.

We’ve all had a gut feeling about Apple TV, whether you read Walter Isaacson’s biography on Steve Jobs where Jobs claims he’s finally cracked it (‘it’ being television) or you’re just connecting the dots from the iPod to iTunes to iPhone to the expansion of iTunes to movies, rentals and shows to iTV to iPad to Apple TV …

It only makes sense.

Categories:

Technology