Thread: Steve Jobs is Forbes magazine's CEO of the Decade

I think you are confusing sales with marketcap,

Sales of Apple are not 170b,

that said, he is doing a good job at Apple, I agree, he probably saved the company from being completely irrelevant, or at least delayed the inevitable

Originally Posted by Butterfly

I think you are confusing sales with marketcap,

That bit was just a quick C&P from the Forbes article, that's why I put it in italics, I am not saying that sales are 170b.

In the Forbes piece they value Apple marketcap at $34 billion I think, the wording of that section is a little vague:

Now Apple has $34 billion in cash and marketable securities, surpassing the total market cap of rival Dell (DELL, Fortune 500).

The Reg article is clearer:

Fast-forward to today, when Apple's stock hit a high of $195, its cash reserves total $34bn, and in its most recent fiscal quarter, it earned $1.67bn on sales of $9.87bn. All mid-Meltdown.

It doesn't really matter, I think Unis are going to be using studies of the turn-around at Apple for quite a while.



/sorry for calling you out in the thread title, but I haven't seen you wailing on Apple/OS X for a while and I thought you might like a thread to do it in!

Originally Posted by slackula

Now Apple has $34 billion in cash and marketable securities,

That's part of current assets, not marketcap. Those kind of articles always love to compare apples and oranges, a bit silly though

Originally Posted by slackula

surpassing the total market cap of rival Dell

Apple has traditionally been a cash cow, thanks to their high margin and branding approach. DELL is a low cost leader. Different business model.

Originally Posted by slackula

It doesn't really matter, I think Unis are going to be using studies of the turn-around at Apple for quite a while.

not really. If you want a real success story of a turnaround, look at DELL. Apple turnaround wasn't really that difficult, they had that Internet thing that just started to pickup strongly when Steve came back to Apple. He also re-invented the company by re-focusing on gadgets and services. Actually they should only focus on consumer electronics, that's their strong, but they are out of their league when it comes to computers. All they can do is hype it by offering underpowered pretty PC at a premium.

Originally Posted by slackula

/sorry for calling you out in the thread title, but I haven't seen you wailing on Apple/OS X for a while and I thought you might like a thread to do it in!

Thanks for the concern but plenty of Apple bashing by me on SubZero at the moment

Steve Jobs... Well done! He certainly deserves it for he has changed the computer industry, music industry and animation movies industry. Waiting for the tablet!

Apple does it again!




Apple announced today that it has developed a breast implant that can store and play music. The iTit will cost from $499 to $699, depending on cup and speaker size. This is considered a major social breakthrough, because women are always complaining about men staring at their breasts and not listening to them.




Steve Jobs, is there anything he can't do!?!?!?

Originally Posted by Butterfly

not really. If you want a real success story of a turnaround, look at DELL.

Bwahahahahaha!

Originally Posted by Butterfly

Apple turnaround wasn't really that difficult

5555555 - this from the guy who can't even install a ceiling trap without falling through the ceiling --- precious analysis.

Quack Quack

Originally Posted by Butterfly

Thanks for the concern but plenty of Apple bashing by me on SubZero at the moment

An interesting reply considering that I am not a member there. Are they more receptive to your style of 'bashing'?

Originally Posted by Butterfly

look at DELL.

I start a thread about Steve Jobs and you come back with DELL!?!!? Jeebus, they must be an easy crowd at SZ

Dell may be a smart cookie, I am sure he has more money than I do and a better business, but he ain't no Steve Jobs.

Originally Posted by Gipsy

Waiting for the tablet!

F*ck that, I want an iLiver

Originally Posted by Butterfly

DELL

Forgot to chuck in that your mate Mike Dell is a loyal Bushite, but Hey! at least the DULLphone is just around the corner right?

Drink enough, and you might get one, sooner than you want... Steve may de-liver...
Not sure if it comes with a set of Apple stickers

Originally Posted by slackula

Forgot to chuck in that your mate Mike Dell is a loyal Bushite, but Hey! at least the DULLphone is just around the corner right?

I hate DELL more than I hate Macs if you must know

yeah, Steve Jobs is a nut job, but the good news for him is that the other IT CEO are even bigger nut jobs. I quite like Oracle CEO, he has style.

^^^ I worry about your definition of 'style'

Here's an interesting one:

Apple's cash reserve charted, admired | 9 to 5 Mac

Yeah, you're right - the turn around of Apple was 'easy', as you so eloquently put it -- yet DELL seems to be struggling with something so easy?

Originally Posted by Butterfly

I hate DELL more than I hate Macs if you must know

You have everyone and anyone -- which is why you are such an easy target, and also why you have no credibility.