While he has offered lip-service to the idea that Apple's next great innovation is right around the corner, most recently in this Jan. 2 letter to shareholders, Cook has taken abandoned Jobs's idea that Apple needs to innovate its way to success. Here are the three most recent signs that Apple has lost its innovation mojo.
While it may seem like these companies are competing in the education market simply to broaden their consumer base and give back a little, their collective strategy is much more concerning. Tech oligarchs are pushing skills like coding in education to train their own future labor force -- and pay them low wages.
Apple said the US-China trade war had weighed on consumers in the world's second-largest economy. Some pundits pointed to a broader economic slowdown in the country, while others highlighted the growing domestic competition that Apple faces in China from increasingly capable domestic suppliers like Huawei and Xiaomi. None of this is wrong, but it misses the deeper issue: US companies face a growing risk of being boxed out of the next wave of innovation in China.
Larry Kudlow, director of the National Economic Council, said Friday that Apple's technology may have been stolen by the Chinese. "I don't want to surmise too much here, but Apple technology may have been picked off by China and now China is becoming very competitive with Apple. You've got to have rule of law," Kudlow said in an interview with Bloomberg. "There are some indications from China that they're looking at that, but we don't know that yet. There's no enforcement; there's nothing concrete."
It took about 30 minutes for Williamson County commissioners to unanimously approve a roughly $16 million incentive package for Apple Tuesday morning, bringing the total amount the tech giant is likely to receive in exchange for choosing Austin as the site for its newest campus to a cool $41 million. The new addition is set to be Apple’s second campus in the Austin, Texas, area--located less than a mile from the company’s existing facility, established five years ago.
The usage of Google products isn't unique to Lodewyk's public school in Bay City, Michigan. There are 80 million educators and students globally using G Suite for Education, which allows users to access Gmail, Google Cloud, Google Docs, and other productivity tools. In 2017, Chromebooks and other Google devices made up 58% of all devices purchased for US classrooms, according to Futuresource data.
The 133-acre campus will be located in North Austin and will accommodate an initial 5,000 employees, with capacity for 15,000 employees in total. The new campus will be located less than one mile from Apple's existing Austin facilities and will house a range of jobs in engineering, R&D, operations, finance, sales and customer support.
Microsoft president Brad Smith promised to provide the US military with the best technology at the US company, including artificial intelligence technology. Smith made the remarks in an interview with Maria Partiromo on Fox Business Network on Wednesday, adding that artificial intelligence enters the world of armies around the world, and that the United States has the best technology companies in the world.
Google has steadily taken over the ed-tech market with its super-cheap Chromebooks and user-friendly education management software. In 2017, Chromebooks and other Google devices made up 58% of all devices purchased for US classrooms, according to Futuresource data. That figure was a mere 5% in 2012.
Microsoft ended the week with the title of the most-valuable company in the U.S., pulling ahead of Apple Friday afternoon at the close of the stock market after days of volleying back and forth. Microsoft’s stock rose slightly Friday, while Apple’s declined about 0.5 percent. This pushed Microsoft to a market capitalization of $851.2 billion vs. $847.4 billion for Apple, per Yahoo Finance.