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  • Asymcar 44: The view from Tokyo with Bertel Schmitt

    Jun 27, 2018, 11:49 am By Horace Dediu
    Bertel Schmitt, industry propagandist, journalist and legend joins us for a rousing conversation on production, low-end cars, Tesla, and the Great ‘Round-the-globe Automotive Factory tour Tour. One of the most fun shows I’ve ever recorded. Highly…
  • Sponsor: OpenBundle and The Commoditization of Google

    Thu 10:06pm By Horace Dediu
    We know the story so far. Newspapers controlled distribution, allowing them to bundle content with ads to form a lucrative business. Then Google modularized and commoditized content and moved the profits elsewhere in the value chain by bundling search results…
  • On knowing the value of everything and the price of nothing

    Thu 5:25pm By Horace Dediu
    At the latest Apple Summit in Los Angeles the question of Apple’s valuation was foremost on many minds. The illustration I used there to discuss valuation is shown below. It shows the history of revenues (by reported segments) and gross margin for the five…
  • Apple Summit, Los Angeles

    Jun 6, 2018, 10:38 am By Horace Dediu
    Technorati and I are proud to announce the first investor summit dedicated to the long-term investors in Apple. We will host folks interested in discussing the fundamentals of Apple as a business and how it operates as a recurring revenue model. Titled “The…
  • Just in Time

    May 7, 2018, 8:10 am By asymco-admin
    The iMac launched May 6 1998, exactly 20 years ago. It is not the most significant computer to ever exist. It was a clear descendant of the original Mac which established the “all-in-one” desktop computer category. That category, to which it still belongs,…
  • Sponsor: Drive your ITOM towards Digital Transformation with SaaS

    Mar 1, 2018, 2:47 pm By Horace Dediu
    With Enterprises moving towards Digital Transformation, traditional ITOM monitoring solutions have difficulty scaling up to the dynamic environment which encompasses adapting to public and private cloud infrastructure, faster production cycles to name a few.…
  • Determining The Average Apple Device Lifespan

    Mar 1, 2018, 9:51 am By Horace Dediu
    In The Number I provided a model for estimating the number of active Apple devices at any point in time. The relationship between active devices and cumulative devices sold gives us a rule of thumb that says that 2 out of 3 devices ever sold are active. I…
  • The Number

    Feb 27, 2018, 6:37 am By Horace Dediu
    The first number that Tim Cook mentioned in the fourth quarter investor conference call was the number of active Apple devices. The 1.3 billion monthly active devices is the most important measure of the health of Apple’s business. It’s the primary way the…
  • Apple Remarks to Investors in FQ1 2018 Earnings Conference Call, Categorized and Annotated

    Feb 5, 2018, 7:34 am By Horace Dediu
    The following is a transcript of the comments from Tim Cook (CEO) and Luca Maestri (CFO) at Apple’s Q1 2018 Earnings Conference Call February 1, 2018. I color coded my interpretation of the comments into four categories: Grey: Background and promotional…
  • The Apple Cash FAQ

    Jan 17, 2018, 5:16 pm By Horace Dediu
    How much cash does Apple have? To the nearest million, as of the end of September 2017, Apple’s cash and investments totaled $268,895,000,000. Note that this includes investments in the form of short- and long-term marketable securities. Long-term marketable…