Steve Jobs Changes the World
Apple is America’s first company to reach $1,000,000,000,000 in valuation. Steve Jobs spearheaded that success. Gaining respect from the populace, he laid the difficult path to let Apple advance their way in innovation for the tech world but, had trouble controlling his company which led to him being booted from the soon to be incorporation. Due to his success in other companies, he returned to Apple as one of the heads and innovated many industries that are a necessity to our everyday lives(Bajarin)(Janso).
Steve Jobs, the Co-founder of Apple, innovated the world of technology and many other markets through his success, debacles, and the innovations in the first decade of the 21st century. Steve Jobs succeeded well in capitalism, because of his mindset. Jobs was the type of guy that had a deep understanding of what he was selling(Quezaire). Because of that, he was overprotective of his assets, “He[Steve Jobs] was so protective of us that whenever we complained about somebody outside the division, it was like unleashing a Doberman.
Steve would get on the telephone and chew the guy out so fast your head would spin,” says an old employee of the Apple II division. Jobs was into what he thought was successful, on occurrences he would make enemies of the board and even John Sculley, the C.E.O of Apple. But all his company employees admitted, “An executive who has left the Apple II division recalls seeing things from a different perspective: ‘We used to say the Mac people had God on their team’”(Janso 41). The personality that Jobs had was only part of the key that allowed him to succeed. It was also the investments and positions that he held that allowed Jobs to be Jobs.
Steve Jobs, although great, was not a man without faults, but whenever he fell he came back up with more. When he was ousted from Apple for the first time he picked up Pixar that was later to be sold to Disney for 7.5 billion dollars in 2006(Quezzaire). Because he thought that Pixar was going to be a good investment he dives into it, and later holds a seat at Disney’s board. During which, he had already owned an 11.3% block as Apple’s chairman; Jobs net worth solely based on his stakes at Disney and Apple had a 5 billion dollar net worth. And through his investments, Jobs had launched iTunes, a new Macintosh with a new operating system, introduced its first retail store, released the iPod, and created the widget (Janso 41).
In 2007, Steve Jobs had released the iPhone, a global success, he had owned 90 percent of the market share in the MP3 world(Levy). His successes in capitalism indirectly led Jobs to innovate the market through his personality and position. Jobs was successful in capitalism but had social issues in the company and personal well-being. In 2000, Apple stocks fell to what is $7 today, until Microsoft had come in with a 150 million dollar investment. During the financial crisis of 2009, Apple stocks fell to $11.69 (Quezzaire). Steve Jobs was also involved in the market share. His health conditions were tied to his company’s value (Levy). In 2004, Jobs was diagnosed with terminal cancer, took a medical leave of absence, and underwent the “Whipple operation” to treat the disease. Stocks had dropped 6% (Levy). In 2009, Jobs had taken another medical absence to treat his hormonal imbalance (Quezzaire). He subsequently stepped down due to the effects of his cancer(Levy). Steve Jobs, through his downfalls, the populace had found the importance of a C.E.O to his company.
Steve Jobs had indirectly innovated the world when he was striving for his success in technology. He had changed industries and technology. Telecom business was affected because of the introduction of the iPhone. They had to have added information and entertainment services instead of just being a data communication company. After telecom business, iPhone had helped promote streaming services like YouTube and Netflix and almost all TV studios had to produce downloadable and streaming services(Bajarin).
On top of that, the iPhone had produced touch-based gameplay and through the use of third-party applications through the Itunes store(Levy). The iPhone had affected our necessities of the health industry by easy access to doctors and pharmacies. Industries like travel and retail had to have adapted to the ways of the consumer held iPhone and iPad(Bajarin). Through Apple’s tech, they had forced other companies to try to scramble to build better and more beautiful products, but Apple’s technology is easy and fun to use (Levy). Jobs had revolutionized the way we listened to music(Levy).
Through the use of his technology and industries, Jobs had changed the world, from the office to home. Steve Jobs, innovator, and entrepreneur innovated multiple industries throughout his life although having his downfalls, succeeding in capitalism with his innovations in the first decade of the 21st century. Jobs was a main figure in the race of capitalism. Through his innovations, he succeeded in setting up his companies, but he also had his share of falls.
Through his falls he innovated multiple industries that then went on to allow him to succeed again. Jobs went from working in a garage to leading a company that went on to achieve a $1,000,000,000,000 valuation. He was the John D. Rockefeller of the first decade of the twenty-first century. Going from the working class to riches, Jobs was the epitome of the average Joe’s dream. Introducing new luxuries and necessities into the world of technology, as well as making the previous generations’ materials obsolete.
- Bajarin, Tim. “ How Apple’s iPhone Changed These 5 Major Industries.” Time. 26 June 2017, time.com, time.com/4832599/iphone-anniversary-industry-change/. (Accessed on 17 January 2019).
- Levy, Steven. “Steve Jobs.” Encyclopedia Britannica, Encyclopædia Britannica, Inc., 1 Oct. 2018, www.britannica.com/biography/Steve-Jobs. (Accessed on 14 January 2019).
- Janso, Suzanne. The Legacy of Steve Jobs. Fortune ZBooks, 2011, Pg 14, 31, 79. Quezzaire, Pila. “Jobs, Steve.” Salem, 2013, Salem Online. online.salempress.com/bio/Steve-Jobs. (Accessed on 15 January 2019).