$1trn and counting - but can Apple ride the next wave of technological disruption well?

Tech giant hits new milestone

Alison Porter of Janus Henderson Investors

Alison Porter of Janus Henderson Investors

Apple hit a trillion dollars market cap last week, 11 years after launching the iPhone. We think it fitting that the company that has driven waves of technology disruption should be the first to reach this milestone, writes Janus Henderson's Alison Porter.

The iPhone revolutionised not only the mobile phone market, but it disrupted a number of other consumer electronics markets: digital cameras, satellite navigation systems, video cameras and PCs themselves.  In emerging markets, the evolution of the mobile phone was crucial, as many emerging markets adopted technology first through mobile phones rather than PCs.  However, the unique aspect of the iPhone was not the hardware, but the app store evolution and the move into the mobile cloud era.  The iPhone uniquely requires all users to update their iOS (iPhone operating system) at fir...

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