Apple is a Bank?
At the beginning of the pandemic, I wrote that that Apple products are maturing and argued that eventually, Apple will become a services company. I revisit that prediction to see how it is panning out.
Tag Servicization
Omnichannel and Auto Industry
Omnichannel is not only for retail. It is now here in auto industry, as Ford moves to "assemble to order" model.
Apple: A Services Company
Even in this uncertain climate, some supply chains are doing well. Apple going by their 2020 Q1 reports has got some positive news to share. I wrote last year on the blog, while discussing Peak iPhone, that iPhone as a product is maturing and argued that, Apple will soon pivot to become a services company. More evidence is now in.
I revisit the thesis in this post. Apple earned a record $12.7 billion in services revenue during the first quarter of its fiscal year — a year-over-year increase of roughly 17%, growing faster than the rest. Add to this information, the margins are higher than every segment, with margins exceeding 65% in services — Apple will increasingly focus on services going forward.
Servicization and Women in Workforce
A look at how service jobs are changing the nature of US workforce. In Dec 2019, there were more women than men in the workforce in the United States. I briefly ponder why this is the case.