One of the most well-known entrepreneurship around would be Apple.inc.

Apple.inc has a very long history starting from 1976. The first Apple company was created by Steven Jobs, Steven Wozniak and Ronald Wayne. Ronald later sold his shares of the company one year later.

According to the definition of entrepreneurship, Apple.inc fits perfectly into it and became one of the biggest company in the world.

Amount of wealth creation: No need to say much about this since everyone knows how big Apple.inc is, and how much money the creators of the company made.

Speed of wealth creation: Apple inc sold its very first computer for $666.66 which is $2,572 in 2011 dollars. When Apple.inc went public in 1980s, it instantly created 300+ millionaires, which is more than any other companies in the history.

Risk: The risk for the company is high because there were so many other competitors including IBM and Microsoft. Also, because Apple didn’t have first-move advantages, it was hard for it to get accepted by the market.

Innovation: This is a huge part of Apple.inc’s history. From the first personal computer to Macintosh, to iMac, iPod, and now iPhone and iTouch. Apple has been changing the way people live, and will continue doing it.

Apple has introduced a new generation of iphone, however, it is not the iphone 5 everyone’s waiting for, bu the new iphone 4s.

A lot people is really disappointed, they’ve been saving money for the new iphone 5, for its new look, bigger screen, and better technology. However, Apple has never announced the release of iphone 5, besides all the photos, and this video iphone 5 leak, and all the rumours.

Iphone is upgraded, but the changes are all under the hood. It has doubled the downloading speed; the new 8-megapixel camera with 60 percent more pixels than the iPhone 4;and the new voice control technology where you can text your friend by your voice…etc.

iphone 4s will sell, won’t be as good as iphone 4 since iphone 4’s market is huge, but Apple can still make profit from it. Also, by releasing the iphone 4s, it increase the anxious for people to get an iphone 5 since we all know it will come soon.

Increase the demand for iphone 5 by releasing iphone 4s, what a smart way to do it!

Apple had announce the release date of the new iPhone 4s on October 5th. But this time, the announcement is made by the new CEO Tim Cook.

October 5th, around 5:00 p.m, if you get onto home page of Apple, you would see the picture above: Steven Jobs 1955-2011.

Nobody saw this coming. He was on the stage introducing ipad2 just a few months ago, and now, he is gone.

He was an executive of Pixar Animation Studio; a member of the board of directors of The Walt Disney Company; one of the executive producer of Toy Story.

However, he was well-known as the founder and the former CEO of Apple. And the guy who had “changed the world”.

He was a genius in technology, one of the best CEO in the world. 56 years in this world, he had changed the way people live and brought technology into a whole new level.

Rest in peace Steven Jobs.  We miss you and will always remember you.

After their change in price, the CEO had made another big decision which may put Netflix into an even worse situation — separate the company into two different businesses.”one for Internet streaming and one for DVDs by mail”. And they named the second business “Qwikster“.

Firstly, the sudden change in the price made the company lose 1 million customers with in a month. And now the CEO made this announcement on his personal blog, has really stirred up the anger in the consumers. Now consumers not only has to pay double the amount, but also need to create two different accounts. They felt offended by the moves, and feel that their opinions are not valued by the company.

Even though the company believe that the consumers are just mad at the moment and will come back to the company eventually. But Netflix’s stock has dropped almost 52% since they announce their price change, and dropped another 7.2% after the CEO’s blog post announcement.

The good image of Netflix in their consumers’ mind is now gone, and once it’s bad, it is hard to get back to before. Everyone is waiting to see how Netflix is going to solve their problems.

Pictures from:

-<http://www.entrepreneur.com/blog/220426>

-Google finance.

When every other company are planning to decrease their price to attract more customers, Netflix has made an announcement to increase their price by almost 60%! Their service changed from $9.99 per month into two different plans, which will cost $7.99 each and a total of $15.98 per month.

After Netflix announced their changing in the price for the services, so far, they have lost 1.0 million customers. Many of the customers are complaining about this move and and Netflix’s stock has had a significant drop, nearly 15%!

We are just learning elasticity of demand in econ 101. The demand for Netflix’s service should be elastic, thus a small raise in the price will have a big drop on quantity demand. Therefore, the Netflix’s CEO has made a really bad decision which will decrease the profit for the company.

However, if we do the math, a 60% increase in the price only caused 1 million customers to quit, which is only a decrease of 4.5% of the total demand, the total expenditure should actually increase by a lot!

Even though this decision might seems to hurt the company right now,  but as long as the customer does not decrease 60%, the company should be benefited in the long-run.

Tax Plan for Jobs Bill Has Familiar Ring

Everybody is waiting to see what President Obama is going to do in order to lead his country out of depression and hopefully, regain the nation’s power around the world.

Recently, Mr.Obama has proposed a new plan to increase taxes of the wealthy individuals and big corporations. If the assortment was passed by the council, the government would get over $400 billion, which could pay for the Job bill and help American citizens out of poverty.This seems like a good idea to help the government, but it got rejected by the council.

This “rob the rich to feed the poor” action would be favoured by the poor one’s, but what about the wealthier one? They wouldn’t just sit there and let others rob them. People would do everything to protect their property.

If this assortment was in action, it might cause people to not willing to work hard, which is no help for the depression. Or, people will find a different way to avoid paying taxes, which might cause new troubles for the government, more problems for the society.

Even though Mr.Obama wants to help his country, he need to find better way.

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