Saturday, August 22, 2020
Corporate Governance and Finance Essay Example | Topics and Well Written Essays - 3000 words
Corporate Governance and Finance - Essay Example Organization Background Apple Inc. was organized in the year 1977 and is headquartered in California, United States of America. The organization alongside its auxiliaries structures, delivers, and sells versatile specialized gadgets, PCs, media gadgets, and convenient computerized music players among others. Apple Inc. likewise sells a scope of related administrations, programming, organizing arrangements, peripherals, computerized content and different types of uses. Apple Inc. takes into account a wide cluster of customers, running from singular buyers, to little and fair sized undertakings and instruction, corporate and government clients (Apple Inc. (a), 2012). The items just as administrations offered by Apple Inc. involve iPhone, Mac, iPod, iPad, Apple TV, notwithstanding an assortment of specific and buyer programming applications. Apple Inc. likewise gives the iOS, iCloud, and Mac OS X working structure, notwithstanding a combination of adornment, administration just as help contributions. Apple Inc. vends and appropriates advanced substance just as applications by methods for the App Store, iTunes Store, Mac App Store and iBookstore. The Company showcases its items all through the globe by means of its stores, both online just as retail notwithstanding direct deals power. Apple Inc. additionally sells through wholesalers, mediator cell organize bearers, retailers, just as worth included affiliates. Besides, Apple Inc. additionally advertises a scope of outsider iPhone, Mac, iPad, and iPod adjusted items, for example, application programming, printers, speakers, earphones, stockpiling gadgets, just as numerous different backups and peripherals, through its retail and online stores (Apple Inc.(a), 2012). Organization History Apple was established by Steve Jobs and Steve Wozniak in the year 1976. Initially, the... This exposition focuses on that the subject of corporate administration is related with the occupations and accountabilities of a business organizationââ¬â¢s Board of Directors in taking care of the business and their relationship with the organizationââ¬â¢s investors just as other partner. Distinctively, in any corporate association the full time official executives have broad forces concerning the dealings and matters of the association they are paid to oversee on the side of the investors. All things considered, the official chiefs may not generally shoulder the interests of the investors in their brain while completing their official obligations. Therefore, this had brought about undertakings to make the executives progressively obligated for their systems and activities. This paper makes an end that Apple Inc. rehearses solid corporate administration standards and consequently the organization has not confronted any significant occurrences of irreconcilable circumstance. The extensive evaluation of the corporate administration just as the set of accepted rules of Apple Inc. uncovered that the Company maintains severe rules and consistently endeavors to secure the interests of its partners. This severe abidance to the necessary market rehearses have brought about positive fortune for the Company. The appraisal of the monetary situation of the organization showed that the situation of the organization had additionally invigorated since the years and the stock value developments uncovered that Apple is given acceptable incentive to shareholdersââ¬â¢ cash.
Friday, August 21, 2020
The Popularity of Books About Saying Yes to Life... and Why We Still Say No
The Popularity of Books About Saying Yes to Life... and Why We Still Say No This past week, I started re-reading Yes Man, by Danny Wallace. A comic memoir about a man who decides to say yes to everything for the rest of the year, its a fun read. Plus it always makes me think: Gosh darn it, Steph. You really need to say yes to life more. Meanwhile, as Ive been re-reading, Ive said no to: a mommy and me music class at a local nursing home, a pumpkin parade party for toddlers, a Halloween Dance Party at the dance studio where my husband and I used to take salsa lessons, and a deep restorative experience at a yoga studio at which I used to teach. And I love deep restorative experiences. Clearly, I learn nothing from the books I read. Yet I continue to hoover them up like Pixy Stix, and I know Im not the only one. Just this past year, Shonda Rhimes blew us all away with Year of Yes, a memoir about how yes changed her life. Even more recently, Mindy Kaling followed up Is Everyone Hanging Out Without Me? with Why Not Me?, a collection of essays on her ongoing journey to build a happy life. And though its not as well known, I was completely charmed by Noelle Hancocks My Year with Eleanor, a work of stunt journalism in which the author determined to do one thing every day that scared her. On the flip side are those books that show us an alternate reality in which we might say no to our boring, humdrum lives (which, by extension, means saying yes to something more exciting). Jon Krakauers Into the Wild, for example, captured imaginations with its account of a young man who walked away from all of his worldly possessions and walkedâ"ba-DUM-bumâ"into the wild. Frances Mayess Under the Tuscan Sun allowed us to imagine that it might actually be possible to run away to Italy, buy a farmhouse, gorge ourselves on pasta, and find love. And on the fiction side, I just fell madly in love with Gayle Formans Leave Me, in which an overworked, underappreciated mother with a full-time job has a heart attack. After her return home from the hospital, the narrator gets the sense that her family resents the time sheâs taking to recuperate. Overwhelmed and angry, she decides to run away. (Let me just leave this book right here on my husbands pillow as a warning) What is it we love about inspirational books that challenge us to embrace life, and why is it thatâ"when we turn the last pageâ"we usually just go back to business as usual? Formans Leave Me pokes and prods at a possible answer. But when I explore that question for myself, I imagine several possible explanations. For one, as a work-at-home mom on a freelancers salary, I dont encounter many opportunities to say yes to anything life-changing or exciting, nor do I have the money or opportunity to peace out on my obligations and eat-pray-love my way straight outta Jersey. In fact, if I spent an entire day saying yes to every request or invitation, Danny Wallace-style, Id likely just end up with a toddler jacked up on yogurt, and a list of social gatherings I couldnt attend because, again: toddler. I assume many other readers are similarly hamstrung by reality. For another, as much as I love the idea of living under the Tuscan sun, I am lazy and also comfortable and also set in my ways. My life might be boring, but Im sorta happy with my boring life. Saying yes to a less boring life sounds exhausting. And following naturally from my previous point is the fact that, in certain cases, books are read as escapism, and nothing more. Theyre a way to live vicariously through the experiencesâ"or fictional realitiesâ"of others, giving us that sweet contact high before we finish the book and dive back into our day-to-day. What are your favorite books that let you temporarily imagine a life of yes?
Monday, May 25, 2020
Atlantic Telegraph Cable Timeline
The first telegraph cable to cross the Atlantic Ocean failed after working for a few weeks in 1858. The businessman behind the audacious project, Cyrus Field, was determined to make another attempt, but the Civil War, and numerous financial problems, interceded. Another failed attempt was made in the summer of 1865. And finally, in 1866, a fully functional cable was placed that connected Europe to North America. The two continents have been in constant communication since. The cable stretching thousands of miles under the waves changed the world profoundly, as news no longer took weeks to cross the ocean. The nearly instant movement of news was a huge leap forward for business, and it changed the way Americans and Europeans viewed the news. The following timeline detailsà major events in the long struggle to transmit telegraphic messages between continents. 1842: During the experimental phase of the telegraph, Samuel Morse placed an underwater cable in New York Harbor and succeeded in sending messages across it. A few years later, Ezra Cornell placed a telegraph cable across the Hudson River from New York City to New Jersey. 1851: A telegraph cable was laid under the English Channel, connecting England and France. January 1854: A British entrepreneur, Frederic Gisborne, who had run into financial problems while trying to place an undersea telegraph cable from Newfoundland to Nova Scotia, happened to meet Cyrus Field, a wealthy businessman and investor in New York City. Gisbornes original idea was to transmit information faster than ever between North America and Europe by employing ships and telegraph cables. The town of St. Johns, on the eastern tip of the island of Newfoundland, is the closest point to Europe in North America. Gisborne envisioned fast boats delivering news from Europe to St. Johns, and the information quickly being relayed, via his underwater cable, from the island to the Canadian mainland and then onward to New York City. While considering whether to invest in Gisbornes Canadian cable, Field looked closely at a globe in his study. He was struck with a far more ambitious thought: a cable should continue eastward from St. Johns, across the Atlantic Ocean, to a peninsula jutting into the ocean from the west coast of Ireland. Asà connections were already in place between Ireland and England, news from London could then be relayed to New York City very quickly. May 6, 1854: Cyrus Field, with his neighbor Peter Cooper, a wealthy New York businessman, and other investors,à formed a company to create a telegraphic link between North America and Europe. The Canadian Link 1856: After overcoming many obstacles, a working telegraph line finally reached from St. Johns, on the edge of the Atlantic, to the Canadian mainland. Messages from St. Johns, on the edge of North America, could be relayed to New York City. Summer 1856: An ocean expedition took soundings and determined that a plateau on the ocean floor would provide a suitable surface on which to place a telegraph cable. Cyrus Field, visiting England, organized the Atlantic Telegraph Company and was able to interest British investors to join the American businessmen backing the effort to lay the cable. December 1856: Back in America, Field visited Washington, D.C., and convinced the U.S. government to assist in the laying of the cable. Senator William Seward of New York introduced a bill to provide funding for the cable. It narrowly passed through Congress and was signed into law by President Franklin Pierce on March 3, 1857, on Pierces last day in office. The 1857 Expedition: A Fast Failure Spring 1857: The U.S. Navys largest steam-powered ship, U.S.S. Niagara sailed to England and rendezvoused with a British ship, H.M.S. Agamemnon. Each ship took on 1,300 miles of coiled cable, and a plan was devised for them to lay the cable across the bottom of the sea. The ships would sail together westward from Valentia, on the west coast of Ireland, with the Niagara dropping its length of cable as it sailed. At mid-ocean, the cable dropped from the Niagara would be spliced to to the cable carried on the Agamemnon, which would then play out its cable all the way to Canada. August 6, 1857: The ships left Ireland and began dropping the cable into the ocean. August 10, 1857: The cable aboard the Niagara, which had been transmitting messages back and forth to Ireland as a test, suddenly stopped working. While engineers tried to determine the cause of the problem, a malfunction with the cable-laying machinery on the Niagara snapped the cable. The ships had to return to Ireland, having lost 300 miles of cable at sea. It was decided to try again the following year. The First 1858 Expedition: ANew Plan Met New Problems March 9, 1858: The Niagara sailed from New York to England, where it again stowed cable on board and met up with the Agamemnon. A new plan was for the ships to go to a point mid-ocean, splice together the portions of cable they each carried, and then sail apart as they lowered cable down to the ocean floor. June 10, 1858: The two cable-carrying ships, and a small fleet of escorts, sailed out from England. They encounter ferocious storms, which caused very difficult sailing for ships carrying the enormous weight of cable, but all survived intact. June 26, 1858: The cables on Niagara and Agamemnon were spliced together, and the operation of placing the cable began. Problems were encountered almost immediately. June 29, 1858: After three days of continuous difficulties, a break in the cable made the expedition halt and head back to England. The Second 1858 Expedition: Success Followed By Failure July 17, 1858: The ships left Cork, Ireland, to make another attempt, utilizing essentially the same plan.à July 29, 1858: At mid-ocean, the cables were spliced and Niagara and Agamemnon began steaming in opposite directions, dropping the cable between them. The two ships were able to communicate back and forth via the cable, which served as a test that all was functioning well. August 2, 1858: The Agamemnon reached Valentia harbor on the west coast of Ireland and the cable was brought ashore. August 5, 1858: The Niagara reached St. Johns, Newfoundland, and the cable was connected to the land station. A message was telegraphed to newspapers in New York alerting them of the news. The message stated that the cable crossing the ocean was 1,950 statue miles long. Celebrations broke out in New York City, Boston, and other American cities. A New York Times headline declared the new cable The Great Event of The Age. A congratulatory message was sent across the cable from Queen Victoria to President James Buchanan. When the message was relayed to Washington, American officialsà at first believed the message from the British monarch to be a hoax. September 1, 1858: The cable, which had been operating for four weeks, began failing. A problem with the electrical mechanism that powered the cable proved fatal, and the cable stopped working entirely. Many in the public believed it had all been a hoax. The 1865 Expedition: New Technology, New Problems Continued attempts to lay a working cable were suspended due to a lack of funds. And the outbreak of the Civil War made the entire project impractical. The telegraph played an important role in the war, and President Lincoln used the telegraph extensively to communicate with commanders. But extending cables to another continent was far from a wartime priority. As the war was coming to an end, and Cyrus Field was able to get financial problems under control, preparations began for another expedition, this time using one enormous ship, the Great Eastern. The ship, which had been designed and built by the great Victorian engineer Isambard Brunel, had become unprofitable to operate. But its vast size made it perfect for storing and laying telegraph cable. The cable to be laid in 1865 was made with higher specifications than the 1857-58 cable. And the process of putting the cable aboard ship was greatly improved, as it was suspected that rough handling on the ships had weakened the earlier cable. The painstaking work of spooling the cable on the Great Eastern was a source of fascination for the public, and illustrations of it appeared in popular periodicals. July 15, 1865: The Great Eastern sailed from England on its mission to place the new cable. July 23, 1865: After one end of the cable was fashioned to a land station on the west coast of Ireland, the Great Eastern began to sail westward while dropping the cable. August 2, 1865: A problem with the cable necessitated repairs, and the cable broke and was lost on the sea floor. Several attempts to retrieve the cable with a grappling hook failed. August 11, 1865: Frustrated by all attempts to raise the sunken and severed cable, the Great Eastern began to steam back to England. Attempts to place the cable that year were suspended. The Successful 1866 Expedition: June 30, 1866:à The Great Eastern steamed from England with new cable aboard. July 13, 1866:à Defying superstition, on a Friday the 13th the fifth attempt since 1857 to lay the cable began. And this time the attempt to connect the continents encountered very few problems. July 18, 1866: In the only serious problem encountered on the expedition, a tangle in the cable had to be sorted out. The process took about two hours and was successful. July 27, 1866: The Great Eastern reached the shore of Canada, and the cable was brought ashore. July 28, 1866: The cable was proven successful and congratulatory messages began to travel across it. This time the connection between Europe and North America remained steady, and the two continents have been in contact, via undersea cables, to the present day. After successfully laying the 1866 cable, the expedition then located, and repaired, the cable lost in 1865. The two working cables began to change the world, and over the following decades more cables crossed the Atlantic as well as other vast bodies of water. After a decade of frustration the era of instant communication had arrived.
Thursday, May 14, 2020
Stanley Milgramââ¬â¢s Behavioral Study of Obedience Essay
ââ¬Å"The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum....â⬠ââ¬â¢ Noam Chomsky, The Common Good ââ¬Å"Disobedience is the true foundation of liberty. The obedient must be slaves.â⬠ââ¬â¢ Henry David Thoreau In the early 1960ââ¬â¢s Stanley Milgram (1963) performed an experiment titled Behavioral Study of Obedience to measure compliance levels of test subjects prompted to administer punishment to learners. The experiment had surprising results. Purpose of the research. Stanley Milgramââ¬â¢s (1963), Behavioral Study of Obedience measured how far an ordinary subject will go beyond their fundamental moral character to comply with direction fromâ⬠¦show more contentâ⬠¦The subjects were informed that the punishment would not cause permanent tissue damage, however, could be extremely painful. The subjects observed the learner/accomplice being prepared with electrodes strapped in a chair. The teacher/subjects read a series of word-pairs to the learner then read the first word of the pair along with four terms. The learnerââ¬â¢s role was to pair the first word with the correct term (Milgram, 1963). The learner would then press one of four switches attached to an electrical shock generator indicating his response. Unknown to the teacher, ââ¬Å"in all conditions the learner gives a predetermined set of responses to the word pair test, based on the schedule of approximately three wrong answers to one correct answerâ⬠(Milgram, 1963). To authenticate the potential electrical intensity to the learner the teacher is sampled with a 45-volt shock to the wrist. The teacher is then instructed to administer an incrementally increasing punishing electrical shock for each incorrect answer. This follows several methods to inform the teacher of the potential impact of the electrical shock that they will administer. These included, warnings listing the voltage range of 15 to 450-volts labeled Slight Shock, Moderate Shock, Strong Shock, Extreme Intensity Shock, Danger Severe Shock, and XXX, bright redShow MoreRelatedCritique of Stanley Milgramââ¬â¢s ââ¬Å"Behavioral Study of Obedienceâ⬠905 Words à |à 4 PagesA Critique of Stanley Milgramââ¬â¢s ââ¬Å"Behavioral Study of Obedienceâ⬠Stanley MIlgram is a Yale University social psychologist who wrote ââ¬Å"Behavioral Study of Obedienceâ⬠, an article which granted him many awards and is now considered a landmark. In this piece, he evaluates the extent to which a participant is willing to conform to an authority figure who commands him to execute acts that conflict with his moral beliefs. Milgram discovers that the majority of participants do obey to authority. InRead MoreAnalysis Of Stanley Milgram s Perils Of Obedience Essay1709 Words à |à 7 PagesStill, many questions still remain prevalent as to how an individual reaches his or her decision on obedience in a distressing environment. Inspired by Nazi trials, Stanley Milgram, an American psychologist, questions the social norm in ââ¬Å"Perils of Obedienceâ⬠(1964), where he conducted a study to test how far the average American was willing to for under the pressures of an authority figure. Milgram s study showed that under the orders of an a uthoritative figure, 64% of average Americans had the capabilityRead MoreEssay on The Controversial Issues of Obedience1136 Words à |à 5 PagesIndividuals think differently when it comes to obedience. One might think of how we train dogs to be obedient, another might relate obedience to punishing a child for breaking a rule, or even others think about Hitlers Regime in Germany. When it comes to obedience, there are several sides. Stanley Milgrams article, Obedience to Authority, expresses his view of obedience as an intensely embedded behavioral tendency to obey where a potent impulse can override training in ethics, sympathy, andRead MoreEssay on The Milgram Experiment1572 Words à |à 7 PagesThe Milgram Experiment (Hart) Stanley Milgramââ¬â¢s experiment in the way people respond to obedience is one of the most important experiments ever administered. The goal of Milgramââ¬â¢s experiment was to find the desire of the participants to shock a learner in a controlled situation. When the volunteer would be ordered to shock the wrong answers of the victims, Milgram was truly judging and studying how people respond to authority. Milgram discovered something both troubling and awe inspiring about theRead MoreJournal Review : Behavioral Study Of Obedience Essay958 Words à |à 4 PagesJournal Review of Behavioral Study of Obedience In 1963, Stanley Milgram conducted research, where the findings were published in the article, ââ¬ËBehavioral Study of Obedience.ââ¬â¢ Milgram wanted to study the conflict between obedience to authority and personal conscience, by conducting an experiment where participants were ordered by authority to deliver strong electric shocks to another person. From an ad posted in a newspaper, Stanley Milgram choose 40 male participants between the ages of 20 andRead MoreThe Levels Of Obedience1224 Words à |à 5 PagesHolo-caust, Stanley Milgram conducted an experiment to study the levels of obedience to authority; he used his experiment to find where evil resided in people and to discover the cause of the Holo-caust. Some people found his findings useful information, while others thought his experiment was morally unacceptable due to his use of deception. Diana Baumrind, author of ââ¬Å"Some Thoughts on the Ethics of Research: After Reading Milgramââ¬â¢s ââ¬ËBehavioral Study of Obedi-ence,ââ¬â¢Ã¢â¬ disagrees with Milgramââ¬â¢s use of deceptionRead MoreObedience Is The Psychological Mechanism That Links Individual Action1065 Words à |à 5 Pagesââ¬Å"Obedience is the psychological mechanism that links individual action to political purpose.â⬠(Milgram, 1963). As a Psychologist at Yale University, Milgram proposed an experiment mainly focusing on the conflict between obedience to authority and personal conscience. In the 1960ââ¬â¢s, Stanley Milgram analyzed justifications for genocide acts by those accused during World War II. The Nuremberg War Criminal trials, States the people were thought of them as simply following orders from their higher ranksRead MoreAnalysis Of Thomas Hobbes s Leviathan 1268 Words à |à 6 Pagesattention to the decision making of the individual in fulfilling a covenant. However, through a reading of Stanley Milgram in ââ¬Å"Behavioral Study of Obedience,â⬠one is able to comprehend that after an individual has voluntarily committed to an agreement, in this case an experiment, they suddenly feel obliged to remain submissive and adhere to the instructions of the authority. Thus, considering Milgramââ¬â¢s contention that after submission to an authority there is no personal power in choosing to stop is crucialRead MoreAnalysis Of Stanley Milgram s Behavi oral Study Of Obedience 965 Words à |à 4 Pagesstate of mind, a test subject must obtain a sense of submission or obedience. à In Stanley Milgramââ¬â¢s ââ¬Å"Behavioral Study of Obedienceâ⬠, he elaborates on the notion of obedience with accordance to the behaviors of a higher power and his subjects. Milgramââ¬â¢s defines obedience as ââ¬Å"the psychological mechanism that links individualà actionà to politicalà pur-pose.à Ità is the dispositionalà cementà thatà binds men to systems of authorityâ⬠(371). Milgramââ¬â¢s experiment was conducted with response to the Nazi war trials.Read MoreDeception Is Not Based On Ethical Concerns1413 Words à |à 6 Pagesthat holds a position of authority was studied by Stanley Milgram. His experiments and research are well known. Gilovich et al (2012) classifies his experiments as ââ¬Å"being part of our societyââ¬â¢s shared intellectual legacy ââ¬â that small body of historical incidents, biblical parables, and classic literature that serious thinkers feel free to draw on when they debate about human nature or contemplate human historyâ⬠(Gilovich et al, 2012). Milgram Obedience Experiments Ethical and moral concerns often exist
Wednesday, May 6, 2020
The Automobile and the Economy Essay - 1021 Words
The Automobile and the Economy The effects the automobile has had on the economy of the world are tremendous. The major effects have came in many ways and include sales of the automobile, jobs provided to sell and manufacture the automobile, gas/oil sales to run the automobile, and the start of auto racing sport. The revolution of the automobile was the start of the most popular and successful industry in the world. The Effect of Gas/Oil There is a great effect on the economy due to the sale of gas. The major effect of how much gas is sold is how efficient the particular automobile uses gas and what automobile the people choose to buy. Since the start of production of the automobile fuel efficiency hasâ⬠¦show more contentâ⬠¦The current Fuel Economy Standards are as follows... ..................Model Year..................Passengercars M.P.G......... 1978 18.0 1979 19.0 1980 20.0 1981 22.0 1982 24.0 1983 26.0 1984 27.0 1985 and future 27.5 (http//www.cnie.org/nle/air-10.html#summ 4) The only problem with this chart is the lack of increase after 1985. This is due to several reasons especially the 90ââ¬â¢s new kick with sport utilities vehicles which usually have a lower fuel efficiency. Americans are also behind the rest of the world in fuel efficiency as the following chart shows new car fleet fuel economy comparing federal standards, domestic fleet, import fleet, and the total fleet. (http//www.cnie.org/nle/air-10.html#summ 5) Some disagree that government regulations increase fuel efficiency. For example, Michael Sykutaââ¬â¢s report concluded that federal fuel regulations do not have a significant effect on miles per gallons in automobiles. ProductionShow MoreRelatedThe Economy Of The Automobile Industry1351 Words à |à 6 PagesIn our economy today we face major issues dealing with manufacturing with how do we build or retain the capacity and competitive edge in the global market? Well manufactured is measured in a number of ways, such as statistics and analyses. These metrics range from the amount and type of goods produced, to a detailed breakdown of the people who contribute to this production, to the economic impact of both. But knowing the market is tough using lean manufacturing techniques as a tool any company canRead MoreEssay on Fuel Economy in American Automobiles1379 Words à |à 6 PagesFuel efficiency in automobiles has become a topic of much discussion in recent years in the United States. This is due largely to the environmental devastation that fuel emissions cau se, but it is also sparked by the rising fuel costs. Making cars with high fuel efficiency not only saves consumers money, but also will drastically reduce the pollution that is caused by emissions. Today automakers are putting a tremendous amount of effort into making their cars more fuel efficient, both to meet governmentRead MoreA Brief Note On Economy And Environment Of The Automobile1935 Words à |à 8 PagesThe Econonmental (Economy Environment) Analysis of the Automobile If someone were to ask you ââ¬Å"when you step outside what are some of the things you see? your response 9.9 times out of 10 will likely mention a car which is normal in todayââ¬â¢s world. As of the 20th century, automobiles have shaped the world from collectorsââ¬â¢ items, to racing, and the most common: transportation. As some of the older generations may recall cars weren t always the norm. In fact according to ausbcomp (a website on history)Read MoreThe Automobile Industry Influenced The American Economy1012 Words à |à 5 PagesIn 1769, the first automobile, a steam-powered carriage that would carry up to four people at two miles per hour, was created. Years pass as gasoline engines, wheels, and a steering device were added to the automobile, which began to make it useful but expensive (ââ¬Å"The Invention of Automobilesâ⬠). They were hand-crafted at this time, therefore making it unaffordable. Until Henry Ford introduced the assembly line in 1913, automobiles rem ained expensive. His discovery of the assembly line turned theRead MoreIncreasing Economy With Growing Potential Automobiles Demand2006 Words à |à 9 PagesThe continuously increasing economy with growing potential automobiles demand has made more attention be paid to China, while the other parts of the world seems to remain stagnant (Holweg et al., 2009). The Reportlinker website (2014) suggest that, two main reasons, growing replacement demand and rising affordability in lower-tier cities, might support the growing sales of auto vehicles in China. Luxury autos industry is expected to continue to contribute to economic growth in China. Middle classRead MoreImpact Of The Automobile Industry On The Economy Due The Industry s Cyclicality And The Multiplier Effect1549 Words à |à 7 PagesThe automobile industry plays an outsized role in the economy due the industryââ¬â¢s cyclicality and the multiplier effect. For instance, a gearbox is purchased from a supplier that has to emplo y labor, purchase raw materials such as, copper, steel, wire, and other related components and services to support the activity. All of these parts are in turn purchased from other suppliers with costs to support their businesses. Therefore, as each supplier purchases components and services that they need, anRead MoreCalfee And CAFE Standards827 Words à |à 4 PagesCAFE is an acronym for Corporate Average Fuel Economy. As stated in, ââ¬Å"Will Corporate Average Fuel Economy Help,â⬠CAFÃâ° standards became prevalent by Congress in 1975 after the oil crisis of the 1970ââ¬â¢s. These standards were proposed in order to help the United States depend less on foreign oil (Sen et al. 2017, p. 279). The idea of CAFÃâ° standards does not only help us rely less on foreign oil, but it also reduces greenhouse gas emissions. Below general information about CAFÃâ° and the CAFÃâ° standardsRead MoreEconomic Overview In Auto Industry Essay1572 Words à |à 7 Pagesmassive implica tions relating to the United States economy as well as affecting every American household. Shifts in the supply and demand of automobiles influence the current and future household purchases. Households must determine what amount of their hard-earned income to allocate to certain necessities. Because most households have a budget, the amount spent on transportation it limited. While most industries have an effect on the economy, the automotive industry has far-reaching implicationsRead MoreProtectionism Is An Extremely Debatable Topic Among International Trade Essay1747 Words à |à 7 PagesHundreds of automobile companies exist today. Many companies are successful and are now well known brands around the world, while some have failed to keep a good reputation, lost all customers and have fallen and are now forgotten. This is the beauty of competition, an essential to economies. Millions of vehicles are in motion daily, in the United States. In 2015, about 7.8 million cars were purchased in America, and there are about 355 million registered cars on the road (ââ¬Å"U.S.â⬠). The automobile industryRead MoreImpact Of The Auto Industry On American Culture894 Words à |à 4 PagesThe auto industry has been around long before I was born. Automobiles have become a necessity in American culture. ââ¬Å"With the invention of the automobile and the mass production techniques of Henry Ford, which made the machine affordable, the American economy has been transformed by this key element in its prosperity.â⬠(Davis, 2014) Being able to transport quickly from one destination to another is a great convenience. Almost every working family living in the United States owns at least one vehicle
Tuesday, May 5, 2020
Channeling My Energy free essay sample
At nine years old, I wouldnââ¬â¢t walk into supermarkets; I would fly. I would grip the cool metal handles of the towering shopping carts with my childishly hot hands and push off with one foot, propelling myself into infinity. The only thing that could bring me back to earth were my motherââ¬â¢s disapproving looks and barely successful attempts to make me ââ¬Å"Slow down!â⬠or ââ¬Å"Come back hereâ⬠since I might ââ¬Å"plow into someone.â⬠At school, the poster-plastered walls seemed to close in after long days, edging closer and closer until I felt energy-induced claustrophobia creeping up my spine. The blue and green and yellow of the carpet and walls and finger paintings tumbled and blurred as I turned myself upside down and shifted my weight onto my surprisingly steady palms. ââ¬Å"No handstands in the classroom!â⬠my teacher would admonish, kneeling beside me and gently lowering me to the floor, afraid my precarious center of gravity would soon destabilize. We will write a custom essay sample on Channeling My Energy or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page ââ¬Å"You have to learn to stay seated.â⬠To little me, this seemed just too much to ask; sitting down for such long periods seemed a feat only someone as grown up as she could accomplish. It wasnââ¬â¢t long before my teachers started making other comments. Soon it wasnââ¬â¢t just ââ¬Å"You need to learn to stay seated,â⬠but things like ââ¬Å"Paige is slightly immature and behind the other children sociallyâ⬠and ââ¬Å"Maybe you should consider keeping Paige back a grade so she has time to mature and settle down.â⬠My mother knew she had to do something. Suddenly I was sitting in an over-air-conditioned room with a smiling lady who showed me flashcards of dogs and fire trucks and houses, and prompted me to repeat as many as I could remember. She gave me different samples of sounds, testing how long I could remain focused on the voice crackling through the recorder. I was too young to know that she was testing my attention span and mannerisms for ADHD. After I was positively diagnosed, my mother enrolled me in gymnastics to address my overabundant energy. I was mesmerized by the many ways I could contort my body and the countless flips I could execute in midair. The possibility of moving into the advanced group with the older girls motivated me to spend my boundless energy tumbling and balancing in the gym, instead of sprinting and rolling in the supermarket. I soon realized that this solution could be applied to other areas of my life ââ¬â even those that werenââ¬â¢t physical. After all, I didnââ¬â¢t merely have an excess of physical energy, but mental energy as well. The world seemed to me an incredibly complicated tapestry, and I wanted to unravel its mysteries thread by thread. When I was 10 years old, my brother introduced me to the wonderful world of the fiction novel. From that day on, I was hooked. Stories of vampires and werewolves and witches and warlocks from other worlds swirled in my mind; I constantly had my head in a book. To this day, I continue burning my mental energy on novels, although my tastes have transitioned from teen fiction to classics like Charlotte Bronteââ¬â¢s Jane Eyre, Leo Tolstoyââ¬â¢s Anna Karenina, and Bram Stokerââ¬â¢s Dracula. But merely reading words on a page wasnââ¬â¢t enough. Somewhere inside me, I had created my own worlds, unbeknownst to my conscious mind. The day that my hand picked up a pen and put it to paper remains blurry in my memory; it is almost as though it happened of its own volition. I soon became addicted to the beauty of the English language, to the way hard consonants could be combined to elicit a sense of urgency and anger in a reader, and the way liquid consonants could be melded to coax out a sense of calm and happiness. High school came speeding toward me like a freight train, and instead of fully embracing the four years to come, I felt my excess energy ââ¬â whether it be physical, creative, or inquisitive ââ¬â made me different from everyone else. I was that teenager who pored over classic literature and wrote poetry for fun. The summer of eleventh grade, fate brought me to the moment when I discovered I was not alone in these pursuits. It was the first hot summer night of the Iowa Young Writerââ¬â¢s Workshop, and listening and observing the other teens around me, I felt the sense that Iââ¬â¢d arrived at my intellectual home. Here were peers whose minds were always buzzing and whose hearts were always open. They were propelled by the same abounding energy that I was. They too understood the law of physics stating that energy could neither be created nor destroyed, only changed. And they, like me, had chosen to channel it into something positive.
Monday, April 6, 2020
The Buying Decisions of ââ¬ËConsumersââ¬â¢ on the Use of Microsoft or Apple Productsââ¬Â Essay Example
The Buying Decisions of ââ¬ËConsumersââ¬â¢ on the Use of Microsoft or Apple Productsâ⬠Essay ââ¬Å"The Buying Decisions of ââ¬ËConsumersââ¬â¢ On the Use of Microsoft or Apple Productsâ⬠Submitted By: SANUSI SANI BUHARI Student No: 200922R7018 The Dissertation has been submitted to the Skyline University College In partial Fulfillment of the Degree: Bachelor of Business Administration (International Business) December-2012 Acknowledgement The writing of this dissertation has been one of the most significant academic challenges I have ever had to face. Without the support, patience and guidance of the following people, this study would not have been completed. It is to them that I owe my deepest gratitude. * Dr. Rashad Mohammed Al Saed, who undertook to act as my supervisor despite his many other academic and professional commitments. His wisdom, knowledge and commitment to the highest standards inspired and motivated me. * My friends and whoever directly or indirectly helped me to during the course of the dissertation. * The authors of the various books and web sites as well as the facilities and university library that helped me gain various information for this dissertation. Abstract This research paper describes the buying decisions of ââ¬Ëconsumersââ¬â¢, as to whether they prefer Microsoft or Apple products. People have different choice according to needs. Business organizations and telecommunication sectors judge product on usability. Data analysis suggests many important elements impact the buying decision of an individual or any specific company. Data analysis also suggests Microsoft and Apple continue to push the envelope when it comes to developing software and hardware. The main objective of this research is- which product do people prefer? We will write a custom essay sample on The Buying Decisions of ââ¬ËConsumersââ¬â¢ on the Use of Microsoft or Apple Productsâ⬠specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Buying Decisions of ââ¬ËConsumersââ¬â¢ on the Use of Microsoft or Apple Productsâ⬠specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Buying Decisions of ââ¬ËConsumersââ¬â¢ on the Use of Microsoft or Apple Productsâ⬠specifically for you FOR ONLY $16.38 $13.9/page Hire Writer To find answers to the research questions of this research, data analysis and descriptive study has been used, because it involves observing and describing the behavior of a subject without influencing it in any way. This method is used to obtain a general overview of the subject, and answers who, what, and why of the study. The two giants pride themselves for producing cutting edge consumer and business products, and are leading the developments in software and hardware. But what about their websites how do they both compare, and more important, which one is better and more usable? This study will help reader to find all this answer. Chapter No. | Particulars| Pg No. | 1| Introduction * Aims of Independent Study * Objectives| 6-7| 2| Literature Review| 8-29| 3| Research Methodology| 30-32| | * Research Design| 31| | * Research Approach| 31| | * Research Instrument| 32| | * Sampling Design| 32| 4| Data Analysis| 33-37| 5| Conclusion| 38-40| | Bibliography | 41-42| | Appendixes | 43-46| Aims of the Study Technology has slowly started to rule our lives. No matter where we are, we have access to some sort of technological appliance such as cell phones, computers or televisions. Anything one could think of that might, in even the slightest way, make our lives easier is now available. So many different types of devices have been conceived and developed that is has become a complicated and confusing decision when trying to choose the right product. Computers and other forms of technology impact our lives daily. We encounter computers in stores, restaurants, and other retail establishments. We use computers and the Internet regularly to obtain information, experience online entertainment, buy product and services as well as communicating with others. Most of us carry a computer or a mobile phone with us at all times so we can remain in touch with others on a continual basis and can access internet information by the touch of a button. Businesses use computers to keep track of bank transactions, inventories, sales, credit card purchases and also provide business executives up to date information to make important decisions. Governmentââ¬â¢s use computers to support our nationââ¬â¢s defense system, for space exploration, for storing and organizing vital information of citizens, and other important tasks. Computers are used everywhere, and is a vital tool in oneââ¬â¢s life. When you turn to your computer, itââ¬â¢s nice to think youââ¬â¢re in control. Thereââ¬â¢s the trusty computer mouse, which you can move anywhere on the screen, summoning up your music library or the internet browser by one click. Although itââ¬â¢s easy to feel like the director in front of your own desktop or laptop, thereââ¬â¢s a lot going on inside, and the real man behind all these operations is the ââ¬ËOperating Systemââ¬â¢. The purpose of an operating system is to organize and control hardware and software so that the device it lives in behaves in a flexible but predictable way. Most desktop or laptop PCs come pre-loaded with Microsoft Windows. Macintosh computers come pre-loaded with Mac OS X. The operating system (OS) is the first thing loaded onto the computer. Without the operating system, a computer is useless. When it comes to computer technology, the two biggest giants are ââ¬ËMicrosoftââ¬â¢ and ââ¬ËAppleââ¬â¢. Microsoft and Apple are by and large the biggest producers in cutting edge consumer and business products. Between the two companies, they continue to push the envelope when it comes to developing software and hardware. Question is, which do people prefer? Prior to this, Iââ¬â¢ve decided to base my study on ââ¬Ë The buying decisions of consumersââ¬â¢, as to whether they prefer Microsoft or Apple products ââ¬â¢ Research Objectives Research Objectives ascertains specific points that may aid in gathering information related to the main objective. The purpose of this research will be: * To know the factors that affect the buying decisions of customers * To determine the products and services provided to customers Literature Review As stated by (Allan 2001), Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions. While jointly developing a new Operating System (OS), working alongside IBM, Microsoft released Microsoft Windows. On February 26th 1986, moved its headquarters to Redmond, and decided to make the company go public. Microsoft worked closely with Apple during the development of Apples Macintosh computer, which was introduced in 1984. Revolutionary in its design, the Mac featured a graphical user interface based on icons rather than the typed commands used by the IBM PC, making its programs simple to use and easy to learn, even by computer novices. ( Iceboat, Daniel, and Susan L. Knepper 1991 p. 304) Apple INC was established on April 1, 1976 in Cupertino, California, and incorporated January 3, 1977; the company was previously named Apple Computer, Inc. for its first 30 years, but removed the word Computer on January 9, 2007, to reflect the companys ongoing expansion into the consumer electronics market in addition to its traditional focus on personal computers. (Price 1987) On August 15, 1998, Apple introduced a new all-in-one computer important of the Macintosh 128K: the iMac. The iMac design team was led by Jonathan Ive, who would later design the iPod and the iPhone. The iMac featured modern technology and a unique design. It sold close to 800,000 units in its first five months. Through this period, Apple purchased several companies to create a portfolio of professional and consumer-oriented digital production software. On May 19, 2001, Apple opened the first official Apple Retail Stores in Virginia and California. Later on July 9 they bought Spruce Technologies, a DVD authoring company. The same year, Apple introduced the iPod portable digital audio player. The product was phenomenally successfulà ââ¬â over 100 million units were sold within six years. In 2003, Apples iTunes Store was introduced, offering online music downloads for $0. 99 a song and combination with the iPod. The service quickly became the market leader in online music services, with over 5 billion downloads by June 19, 2008. It can understandably be said that when it comes to computer technology, the two biggest names are ââ¬ËMicrosoftââ¬â¢ and ââ¬ËAppleââ¬â¢. (Suhail 2009) It success has become so immense that a customerââ¬â¢s choice can either be one of the two. Other competitors are too far off, but what do these two giants give in return to society? To most people, Microsoft represents computing. Those with a dynamic interest in technology usually believe that Microsoft Windows is the computer. This kind of brand association you wonââ¬â¢t see in other companies, which makes it a very powerful source in the world of technology. Apple computers have grown very popular in the last few years, and its simplicity and user-friendly attributes is what keeps customers captivated. Historically, Microsoft began the personal computer revolution with their Windows Operating System, which offered people a different platform for their computer needs. Apple also introduced, with their own line of Macintosh computers and devices, though it did have it ups and downs. Microsoft followed a general policy by marketing their computers with non-expensive hardware and software parts which allowed every house to have a PC (personal computer). People can afford their computers with no restrictions on the type of hardware. Apple had a different mind frame whereby they went for exclusivity and decided to sell their products at a much higher price than Microsoft PCââ¬â¢s. Its elite hardware and software is what makes it more expensive. (Admin 2010) Although where Apple has the upper hand over Microsoft is related to security. Apple Mac computers are generally more secure because of its OSX operating system. Suhail 2009) It has more protection built in against malware and viruses. Customers want to feel comfortable and safe, knowing that the product they are purchasing is protected against threat at all times. Windows (operating system of Microsoft) is more prone to malware and viruses, and requires expensive protection software to make the PC more secure . Another advantage of Apple computers is they are more efficient when it comes to graphics acceleration and games. Microsoft has problems with that. If one would buy a Microsoft based PC, they would need to spend an additional amount to handle graphics of that scale. On the other hand, Microsoft is committed in making its products and services easier for everyone to use. The Windows operating system has many in-built accessibility features that are useful for individuals who have difficulty in typing, using the mouse, seeing or hearing difficulties. Microsoft also produces other computer hardwareââ¬â¢s such as Xbox, Zune, Xbox 360 and MSN TV. (MSJ 1986) Apple also offers a wide variety of products such as the iPhone, iPod, Apple TV and the newly introduced iPad. Factors affecting buying decision Homepage The homepage is one of the most important pages of the whole site because itââ¬â¢s the first, and in many cases the only chance you get to impress the visitor enough to keep them browsing. Youââ¬â¢ve got a few seconds to convince them that the site has enough value for them to keep using it, because if it doesnââ¬â¢t, the visitors will leave. Appleââ¬â¢s approach to the homepage has been consistent throughout all the years that the site has been running. They use this page as a kind of advertising board that always shows a big ad of their latest product, followed by 3 other ads to another 3 products or news that is important at the moment. If youââ¬â¢re not interested in any of the 4 suggested items, you can use the large navigation bar at the top, which is split into their core businesses: Mac, iPod and iPhone, followed by a couple of other important links, such as the online store and support pages. The navigation bar also incorporates a search field. (Dmitry Fadeyev) One other thing to note is the lack of content. Youââ¬â¢re not distracted by sidebars, notices or extra navigation items ââ¬â there are only a few items on the page, focusing your attention and making the decision of where to go next easier. Microsoft has a different approach to their homepage. Firstly, they feature a similar style of ad at the top, designed to be attention grabbing. These are large images, but only one out of 3 ads is shown at a time ââ¬â you have to hover over the other two to expand them. This focuses attention, but may potentially weaken the effectiveness of the two hidden ads since the visitor has to work to see them right at the top of the page is the navigation, together with search. Flow All of the content of Microsoft is extremely monotonous, especially the ââ¬Å"Learn Moreâ⬠box with a list of 8 links. The dry presentation gives the user less incentive to click around. Some Microsoft sites use better layout to direct the flow of attention, but they generally all suffer from the same illness: too much content. When you present the user with too many choices, you make them work ââ¬â they have to think about what they want and they have to process more information. By reducing choice, Apple directs the users through a more carefully designed funnel, which generally delivers a better experience. (Dmitry Fadeyev) Navigation Appleââ¬â¢s website has a large navigation bar at the top, which remains there consistently whichever section of the site you go to. The options available show the main sections split by its lines of business as well as a couple of essentials, such as support and the store. The bar also integrates search and branding as the home button displays the Apple logo instead of a label. Any extra sub-navigation is located on individual site pages and is placed within the context of that page, whether on a sidebar, or as a horizontal bar at the top. Microsoft has a similar navigation bar on the homepage, but that navigation bar is not consistent across the site. Actually, all of the sub-pages tend to use their own navigation bar, in style and in content. The homepage navigation thus acts as a site map to the rest of the Microsoft website sections. In a lot of the navigation bars, including the one on the homepage, Microsoft uses drop-down menus ââ¬â unlike Apple. They donââ¬â¢t just use drop-down menus ââ¬â they use huge drop-down menus. In some cases, the menu even has a scrollbar (in Firefox): Is this good or bad? In a recent Alertbox entry, Jakob Nielsen, a well known usability guru, has written that mega drop-down menus can work. They work because they present a lot of choices in groups, so they allow for easier scanning as you can jump to the group that you want and scan the items inside them. You have to get certain things right though, like the order of the groups and only mentioning each element once, for them to work well. In this case, it makes sense for Microsoft to go the route of the drop-down menus, but feel that they may have gone a little too far. For example, some options point to the same thing, like the ââ¬ËOfficeââ¬â¢ drop down and ââ¬ËOfficeââ¬â¢ option in the ââ¬ËAll Productsââ¬â¢ drop down. The drop-down also blocks the content below, so if you accidentally moused over the menu, you have to mouse off from it again to get to the content below ââ¬â all the while being careful not to hover over other items. There are also a lot of options under each group ââ¬â sometimes showing about 13 items, which makes processing the options much more difficult. Also, the inconsistency of navigation across the different sections makes it much harder to jump from one area of the site to another, e. g from the Office site to the Xbox site. (Dmitry Fadeyev) Readability Because most of the content on the sites is text, itââ¬â¢s vital to ensure that everything is readable and legible. Here are the main things to consider when working on readability of your siteââ¬â¢s content: * Make the text large enough so that itââ¬â¢s easy to see and read. Ensure that there is enough contrast between the text and background. * Provide enough white space around the text to keep other content and graphics from distracting the reader. * Provide plenty of headings or highlighted/bold text to allow users to quickly scan the content for key information. * Add images and icons to make it easier to focus on indivi dual sections of the text, i. e. product or feature descriptions. * Keep the text short and to the point. Apple does a great job of keeping everything easy to read. The text is generally small, but never too small so as to be a problem. Headings are set in heavier type and stand out, allowing you to quickly get the gist of each section. Apple also makes heavy use of white space to separate everything apart and adds images to make each text blurb more interesting. It follows the general usability guidelines by breaking things down into small bite size pieces of text that are easy to digest. It looks a lot busier than the Apple site because there is more content on one page and there are many different treatments for headings and highlighted words. Dmitry Fadeyev) Too much variety causes visual chaos on the page, with each different colored or bold item competing for your attention. In this case, the page really needs to be simplified to make it easier for the viewer to process. Search Appleââ¬â¢s search is integrated into the navigation bar. When you type something in the search box you actually get live search results with AJAX, by way of a l ittle box which pops up, showing you the results as you type. Itââ¬â¢s very well done ââ¬â there is no lag when typing, the results are grouped in categories and are fetched very quickly, usually before you finish typing your full query. If you want to see more results you can just hit Enter when youââ¬â¢ve finished typing and youââ¬â¢ll be taken to the standard search results page. Itââ¬â¢s very clean and organized by categories. You can drill the results further down by category, selectable from the menu on the right. Itââ¬â¢s functional and clean, and works well when youââ¬â¢re trying to find any products that they sell. Aesthetics Appleââ¬â¢s website aesthetics closely mirrors that of its product line. The navigation bar looks like itââ¬â¢s crafted out of aluminium and features gentle gradients and indented text. There are also plenty of reflections and minimalist design elements. Apple has always worked on unifying the look and feel of its interface across its entire product line, from the hardware to software, and their website is no exception. Do aesthetics have anything to do with usability? Actually, they do. Research shows that people perceive better looking interfaces as more usable. The site follows a faint Windows theme with the light blue clouds, but there is little else to say that this is a page for Internet Explorer or Windows. The look and feel is very generic and doesnââ¬â¢t do enough to differentiate itself or build a coherent brand. The designs are overall pretty good, but pretty good just isnââ¬â¢t enough. There are plenty of inconsistencies and a lack of polish, which puts Apple ahead in this area. Consistency Consistency is important because it allows you to develop usage patterns. This basically means that if your site has a consistent interface throughout, your visitors will quickly learn how it works and will be able to use this knowledge in any of the new pages that they visit, since theyââ¬â¢ll all be using the same, or very similar, interface. Apple does a great job of keeping the interface consistent. All of the product pages feature very similar aesthetics and are structured in the same way. The whole site looks and feels the same throughout and the global navigation bar at the top is always there, on every page. This means that the entire experience is very unified and coherent ââ¬â you know youââ¬â¢re on the same website wherever you go. Could you tell that this is a Microsoft page if you took away their logo? Custom graphics, styles and colour palettes across all the Microsoft sections help little to maintain a coherent brand image on the web. Microsoft really struggles here. There are many different sections across Microsoft. com and they all feature their own look and feel, including their own navigation. So once you go to a section on their site, be it the Microsoft store, the Office site, or the Security pages, they will all look and feel like separate websites. Whatââ¬â¢s worse, the global navigation bar is also gone, meaning that you have to go back to the homepage, or the site map, to see an overview of all of their sites. Itââ¬â¢s really an ecosystem of websites hosted under the same domain and therefore it doesnââ¬â¢t get the benefit of consistency that Apple has. The brand image is also terribly fragmented making it impossible to define what a Microsoft site looks like. (Dmitry Fadeyev) Marketing Nobody will argue that Apple is the kind of viral marketing. You might find some PC ads/commercials on local magazines and newspapers, but you will not find great Mac vs PC / Get a Mac / Buy a Mac / Hello, I am a Mac, and I am a PC commercials like Apple produces. Security When it comes to Mac vs. PC security concerns, many experts think that Windows has caught up with Apple. Before Microsoft Windows 7, we have all heard that Windows operating system is a targeted platform for malicious attacks. Of course it is true, but the question is. Does the operating system has the right tools to defend itself? With Mac computers, you wont need to worry about viruses as you do in Windows operating system. The real problem is not only about viruses, but about security breaches that allow hackers to penetrate into your computer, and steal your valuable art works, photographs and important (and sometimes secret) media assets. It was proven that both Windows 7 and Mac OS X Snow Leopard have their own glitches. DailyTech. com posted an article, saying that one prominent Mac hacker has pointed out that Mac OS X Snow Leopard is less secured than Microsoft Windows 7 OS. Well, if a Celeb hacker says so, we should probably take it pretty seriously. So it seems, at least when making a business decision, that you shouldnt pick a Macintosh over a PC, just because people are telling you that Macintosh doesnt have viruses, or they are more secure. Apple OS X Snow Leopard is based on the UNIX core. That fact alone doesnt make it more secure than Windows 7 as you can see. We just couldnt ignore the fact that viruses are real pain in the axe. As a power PC user, with all those pop-out windows saying You have been infected with a Virus â⬠I would probably be very happy knowing that I can work quietly, without worrying about viruses and all that crux horrors that the Internet brings with it. You just cant blame Windows operating system for being more popular. Financial Analysis Its important to step back and examine just how close each of these companies really are in terms of revenue and earnings. Analysts polled by Thomson Reuters expect Apple to report approximately $2. 85 billion in net income ($3. 07 in EPS) on about $14. 62 billion in revenue when it releases its results. Yet, its well known that Apple regularly beats consensus estimates by quite a large margin and that actual results will come in well above the consensus. Just last quarter, Apple not only beat revenue estimates by over $1 billion, but it annihilated EPS estimates by reporting $0. 88 above the $2. 45 consensus ââ¬â a 36% beat. In fact, Apple has regularly beaten consensus estimates by well over 35% each quarter over the past year. (Andy M. Zaky) Financial Alchemists Turley Muller, who is currently the most accurate analyst on Apple, offers a more realistic view of the company. Muller believes that Apple will report about $3. 1 billion in net income on ($3. 35 in EPS) on $15. 15 billion in revenue. And while I think Muller has left some room for upside surprise, its clearly best to use his numbers rather than the consensus as a measure of comparison. Microsoft, on the other hand, is expected to earn $4. billion in net income ($0. 46 in EPS) on $15. 26 billion in revenue when it releases its results ââ¬â just a hair above Mullers revenue estimates for Apple. And while Microsoft regularly reports upside surprises itself, the gap between consensus estimates and Microsofts actual results is nowhere near as wide as it is with Apples results. Thus, if Apple reports at the higher end of Mullers estimates, and if Microsoft reports closer to the consensus, its quite possible that Apple might have a shot to beat Microsoft in revenue for the first time in its history this quarter. The chart (Appendix 2(A) details a quarterly revenue comparison of Apple and Microsoft over the past few years. As one can see from the chart, Apple is within striking distance of surpassing Microsofts quarterly revenue. Since Microsoft and Apple are on a different fiscal year, the chart realigns their results based on the calendar year. (Andy M. Zaky) So the big story in tech earnings is whether history will be made in the decades-long battle between Apple and Microsoft, or whether Microsoft will postpone the inevitable and maintain its dominance over Apple for at least one more quarter. Even if Apple doesnt beat Microsoft in sales this quarter, it will almost certainly do so next quarter and by quite a large margin. For the September quarter, analysts expect Apple to generate approximately $16. 81 billion in revenue compared to a projected $15. 16 billion in revenue for Microsoft. So even conservative estimates, which have yet to be adjusted to account for iPad sales, already put Apple ahead of Microsoft by nearly $1. 2 billion next quarter. My estimates put Apple ahead by $3. 2 billion as I expect Apple to record nearly $18. 9 billion in revenue. Whats even more surprising is that Apple will likely far surpass Microsoft in revenue for the entire 2012 fiscal year (Appendix 2(B). Im looking for Apple to record $81. 6 billion in revenue, well above the $70 billion Im expecting out of Microsoft for the year. You can view my track record on Apple at Philip Elmer-DeWitts column Apple 2. 0. Even the analyst consensus puts Apple well ahead of Microsoft next year, with revenue estimates of $72. 6 billion (AAPL) versus $67 billion (MSFT). The chart below compares Apple and Microsofts annual fiscal revenue for the past several years. While quarterly data must be compared on the calendar year to show a side by side comparison over a particular 3-month period, yearly data can be analyzed on the fiscal year. And, what about other metrics? Net income growth, total net income, total net cash, cash flow, book value, total assets and the economic sensitivity of each companys primary operations are just a few of the other key factors to consider when comparing the two companies. While Apple will surpass Microsoft in revenue in the near future, that doesnt necessarily mean that Apple automatically deserves a larger market capitalization. But it does appear that Apple will not only record more revenue than Microsoft, it will also eventually (within the next few years) earn more in net income, generate a larger amount of cash, and outpace Microsoft in terms of growth in net income and revenue. The earnings beat wont come easy for Apple. Due to Microsofts extraordinarily high operating margin, the only way Apple will beat Microsoft in earnings is by simply outpacing it in sales. Since Microsoft pushes more of its revenue to the bottom line, Apple will have to significantly outpace Microsoft in revenue to win on the net income front. The chart below compares Apple and Microsofts net income for the last several fiscal years (Appendix 2(C). Though these two companies no longer really operate in the same space as they once did with Apple turning its focus on the consumer and Microsoft on enterprise spending, both companies are dominating their respective industries. Update 7/20: As expected, Apple has once again crushed the consensus estimates on the top line, beating analyst revenue expectations by over well $1 billion when it reported $15. 7 billion in revenue Tuesday afternoon. In fact, Apple even surpassed my lofty expectations of $15. billion by $100 million in sales. Unless Microsoft far surpasses analyst expectations of $15. 24 billion in revenue, it appears that Apple has already won the race. Microsoft primarily makes its profits from business to business, which mainly consists of selling licenses to its operating system to computer manufacturers and office suites for enterprises. Thatââ¬â¢s not to say t hat they donââ¬â¢t sell to consumers ââ¬â they do, and they have consumer only product lines as well, such as the Xbox gaming console, and of course home users also buy Windows and Office. This means that their business targets pretty much everyone, from home computer owners to developers and enterprises; which in turn stretches the purpose of their website to try and serve everyone. On the other hand, Apple is primarily a consumer company, and makes most of its profit selling hardware, like its iPod music players and Mac computers. This makes the target of Appleââ¬â¢s site much clearer ââ¬â marketing, selling and providing support for its products to consumers. They donââ¬â¢t have to worry about selling licenses to manufacturers because theyââ¬â¢re the only manufacturer, so the key purpose of the website would be to advertise and promote their multiple product lines, as well as selling them through their online store. (Andy M. Zaky) Cost Analysis Other factor that affects buying decision is cost. People have been arguing online about how much more expensive Macs are than PCs or not for more than a decade (and in print for years before that). These discussions usually involve some hard facts but also some persistent myths. As a longtime Windows guy who has recently migrated to the Mac, I think Im in a retty good position to try and sort out reality from fiction. Lets take a look at what you can really get for your money these days. Hardware For those of you who are left, what I have found in my research is that neither side has a lock on good value. If you start with Apples relatively short list of SKUs (three or four model variation s for each of its lines, such as MacBook Pro, MacBook, and iMac) and then look for comparable Windows machines, youll find that Apple bests the competition in some ways and not in others, but the pricing, overall, is surprisingly on par. Only a few years ago, it seemed like a no-brainer that Windows hardware was much cheaper. But if youre talking name-brand hardware, thats just no longer the case. On the other hand, if you search the Windows side first, youll quickly discover machines that in features and price fit in between the Mac SKUs. And in those niches, they represent very good values. So theres one answer to the question of whether Macs or Windows represent a better value: If one of those in between PCs suits your needs best, youd be paying an unnecessary premium to get a Mac instead. Lets look at some hard numbers. I started my research with top-of-the-line notebooks I spent an hour on Dells site trying to find the cheapest notebook that offered everything Apples $2,799 MacBook Pro 17 provides. That
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