How Apple Created A Unique Product That Started A Profitable Global Industry
In January 9, 2007, Apple, one of the most influential companies in the world introduced the iPhone, a product that started a very profitable global industry. In terms of profitability, there are only two or three companies in the world that make as much money as Apple does from a Smartphone alone. Apple has certainly defined modern economy when it created a new product category in the Smartphone.
Ten years ago, there were no iPhones and imitators but now it has become a major object of desire among humans all over the globe. The iPhone has certainly changed the market of software, music and advertising. However, this is just the tip of the iceberg because when you delve into the tale, you will find out about the forgotten actors behind the technology like Steve Jobs, Steve Wozniak and Tim Cook.
What makes an iPhone very popular? Many people prefer its cool design, user interface, how software works and attention to details like hardware. Underneath the charming surface of the iPhone are the critical technologies that include tiny microprocessors, memory chips, solid-state hard drives, liquid crystal displays and the lithium-based batteries.
There are also the key elements of networks and software like Fast-Fourier-Transform algorithms made up of clever bits of math that can swiftly transform analogue signals like sound, visible light and radio waves to digital signals that computers can handle. However, the internet is a critical element of the Smartphone; without internet and cellular networks, there is no Smartphone.
Other important components of the iPhone that makes it smart include GPS or global positioning systems, touch screen and Siri, the voice activated artificial intelligence. Some of the technologies are indispensable; some are not important. Eventually, the technologies used in the iPhone were imitated and commercialized by private sector entrepreneurs. Apple has indeed created something wonderful that people and businesses rely on nowadays.
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