IMO this is a problem with the shareholder-driven corporate structure. Corporations have a fiduciary responsibility to maximize value to their shareholders, and they have to show continual growth in order to see share prices continue to increase, which often leads to ant-consumer practices once organic growth becomes difficult.
Apple's a perfect example of this: they have a long history of making high-quality hardware products loved by consumers at an immense scale with high margins. In a more rational world, that would be "enough", and even if their revenue fluctuated somewhat from year to year, they could still easily support their activities and pay out generous dividends while focusing only on their core competency.
Instead we live in a world where a small drop in demand for a single product based on extrinsic market forces leads to a slew of articles heralding an "end of Apple". So they prioritize service revenue, and continue to squeeze more and more value out of every revenue stream which flows through their products.
It's insane that this is seen as necessary for a company which basically prints money, and sits inside a massive moat of wealth greater than the GDP of many nations.
Apple's a perfect example of this: they have a long history of making high-quality hardware products loved by consumers at an immense scale with high margins. In a more rational world, that would be "enough", and even if their revenue fluctuated somewhat from year to year, they could still easily support their activities and pay out generous dividends while focusing only on their core competency.
Instead we live in a world where a small drop in demand for a single product based on extrinsic market forces leads to a slew of articles heralding an "end of Apple". So they prioritize service revenue, and continue to squeeze more and more value out of every revenue stream which flows through their products.
It's insane that this is seen as necessary for a company which basically prints money, and sits inside a massive moat of wealth greater than the GDP of many nations.