Innovators No More: Why Apple Could Be The Next Abercrombie & Fitch Cautionary Tale
The 2007 iPhone launch pretty much created the smartphone market as we know it and prepared the stage for Apple to rise to the most valuable tech company in the world just three years later. Today, Apple is comfortably the world’s #1 public company by market cap. But that position is a revolving door, especially with unprecedented levels of technology driven innovation. Average tenure on the S&P500, for instance, is sharply decreasing. An estimated half of companies may be replaced in the next 10 years. Given Apple’s recent news coverage, I am convinced it has shed its innovators’ DNA and will pay the price in years to come. Full article here.