Apple is now seen as the most valuable company in the entire world, thanks to the glowing success that it experienced by creating devices like the iPod, iPhone and iPad. But ever since Steve Jobs died, some are speculating downfall of Apple. This is attributed by some to a lack of strong leadership, while others believe it is simply due to the company’s competitors managing to catch up.
Apple’s stock price reached $702.10 in September 2012, but kept falling and as of March 15th 2013, one Apple share is worth only $443.66. This represents a loss of around a quarter of its value in one year. As of 2013, investors weren’t showing much optimism for the company, which prevented the stock price from growing.
Over the last few decades, Apple has shown a lot of innovation. In 1984, the Mac computer was released, enjoying a lot of popularity as it was quite advanced for its time. During the new millennium, Apple branched out into the consumer electronics market with the launch of the iPod. The device was an immediate success, and later became the most successful MP3 player of all time. In 2007, the iPhone made its debut. It was another product that made Apple a lot of money, not to mention increase the company’s popularity a lot.
The same thing happened in 2010, when the iPad came out. While tablets existed for some time before it was launched, the iPad is seen as the best selling tablet of all time until now.
The problem is, Apple hasn’t really shown much innovation since then. The company has potential, however, as there are hundreds of millions of fans that are simply waiting for the next best thing from them. There is a lot of anticipation and speculation over what the next blockbuster product could be: a smart watch, a new version of the AppleTV, or maybe successfully integrating Siri, Apple’s digital assistant app, into vehicles.
The infographic embedded below sheds some more light on the downfall of Apple in a beautiful way: