How Apple Succeed Eventually
Dear WA Friends,
I have some interesting concept to share with you. This is the story about Apple and Windows.
There was a time when Windows brought PCs in the market world wide and in no time it spread to all over the world. They become the number 1 company in the desktop computer market. Now Apple also introduced Macintosh at almost the same time. But the hype of Windows was so high that they could never get the market share from Windows and, Windows remained the unbeatable giant. On the level that Apple was almost dying. Like nobody was ready to touched Macintosh, what they wanted was PC.
So now Apple has challenge to survive in the market. And Jobs got an idea. They started to produce other businesses and products. They introduced IPhone, iPAD, iTune, and many other non-desktop products. People just loved it. And Apple started to come in market. And slowly slowly in few years people over the world became addicted to this new launched products. They started getting people's trust. And they started capturing market share. And now once the trust and name built people just wanted Apple products, and finally even Macintosh started to make huge sale. And that way Apple could even captured Windows PC share in the market. In present time you all know that there are more people or whole communities who just loves Apple products and they avoid to buy Windows products. They consider Apple products as their social status.
So this is how Apple succeeded eventually from their struggling or barely surviving situation.
What I learn from this interesting story is there should be portfolio of your business/products than just focusing on one product/business. So multiple income streams always better than single stream. If you put all your effort behind one business and then keep waiting for something to happen, it may or may not happen. But instead just like Apple if you have portfolio of products/services/business and you put equal efforts in all, if one is slow other can keep you generating income.
I hope you liked the blog, if you are interested in my advice of multiple portfolio or multiple income streams please PM me, I will be more than happy to help you out.
Until next blog.
Love you all.
Recent Comments
6
There is a very good book entitled "Multiple Streams of Income" by Robert Allen. Check it out.
Sounds logical, like with the stock market... Never invest all your money in 1 stock, cause when that crashes it is game over...
Better to have 2 or 3 big chunks, so if 1 of the 3 crashes the other 2 can compensate...
I think it is the same in the daily life of a company or a person...
Great wisdom Chiitranjan!
Grtz,
Bert
Thanks Bert. That is what I am going to try. Lets see what future holds for me. Thanks for your valuable comment. Thanks,
Chittranjan
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Hi Chittranjan, I followed Apple since way before they branched out beyond computers. Back then, it was the computer of choice for graphic design and research. As far as I can figure, it still is. Definitely, it was a good idea for them to branch out. Great analogy!
Michael
Thanks Michael, I am glad that you liked it.
Chittranjan