And not for the first time.
From a Horace Dediu essay posted Thursday on Asymco.com:
Life expectancy for humans has been rising but for companies it has been declining… In the modern, industrial era there are very few corporations that survived over a century and the Fortune 500 shows a turnover in inhabitants that resembles that of a plague-infested medieval inner-city. In contrast to their conservative, geriatric organic owners, synthetic companies are more likely to behave like live-fast, die-young punk rockers.
So it’s no surprise that Apple, at age 43, is seen as being well past its sell-by date. And yet it seems to be saying, somewhat faintly, “I’m not dead yet”. By generating more cash that can be comprehended by human observers and by controlling assets that are well beyond the means of many countries, they (it?) is confusing us with its persistence.
The confusion is exhibited in the following graph which shows the crises in confidence by that wonderful reflector of human perception–the stock market. By voting millions of times a day, the market shows us with great precision the totality of human emotion with regard to an asset. That emotion turns rapidly negative on Apple with surprising frequency.
Eight deaths in 43 years: Apple II, Mac (2x), iPod (2x), iPhone (3x and counting).
Click to enlarge. Not seeing? Try the website.