this post was submitted on 23 Sep 2023
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46
Apple used billions of dollars and thousands of engineers on a ‘spectacular failure,’ WSJ reports (www.sfgate.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Apple used billions of dollars and thousands of engineers on a ‘spectacular failure,’ WSJ reports::Apple’s “spectacular failure” to build a modem chip for its new iPhones was the topic of a Wall Street Journal expose Wednesday.

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[–] [email protected] 31 points 1 year ago (2 children)

When companies try to innovate under capitalism, suddenly that's a bad thing to the WSJ. I thought it was supposed to be about innovation and risk taking? Especially if the company is Apple and they have more money than they know what to do with.

[–] [email protected] 19 points 1 year ago (1 children)

Let's be generous and say they're not trying to induce clickbait.

Maybe from an investor's perspective, a long-term investment with a return horizon beyond 5 years, falls outside of most investors timelines. From that perspective you could say this makes Apple a not great investment.

But if your time horizon is 10-20 years. Apple creating leverage and independence is a great thing.

The personally I think they're just going for clickbait at this point

[–] [email protected] 9 points 1 year ago

It's absolutely clickbaot IMO. The phrasing alone gives it away. Regardless, there was massive garbage rumors and hate when it was leaked that Apple was making their own chip for macOS. The M-series chips have been phenomenal, which might be their own enemy in this case by setting the expectations too high. You're definitely right about the long term implications though, if I was an investor, I would take this as a net positive to hold.

[–] [email protected] 2 points 1 year ago (1 children)

Look, you clicked on it didn't you. You were interested in the topic, WSJ is in the business to make money based on people's interest.

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

Nah, the WSJ is Rupert Murdoch's blog, they're not there to make money.

And it's lemmy, of course I didn't RTFA.