I have shared my thoughts and opinions in the previous post about why Apple shouldn't release a lower-price iPhone to the market just for the sake of keeping the growth. Clearly, this is a controversial topic and I am glad that one of the readers shared his own opinion through this guest blog. Though it is more of 'economist' or editorial style. It certainly brings some fresh perspective on this matter.
The End of the Beginning
By HMP
Photo: Apple's flagship store on 5th Avenue, New York City
The week began with a two-term US president taking the oath of inauguration, and ended with US tech giant Apple ceding the title as the most valuable company in the world to ExxonMobil. Nearly US$ 50 billion, almost equivalent to the entire capitalisation of Boeing (another US giant facing unprecedented challenge) was wiped off Apple’s book as Wall Street reacted with alarming nervousness to its zero net income growth last quarter.
