Joshua Fraser argues Apple's $3 trillion valuation came from storytelling, not just products. The 1997 "Think Different" campaign rescued the company from near-bankruptcy, and the 2007 iPhone launch reframed phones as revolutionary. Revenue grew from $7 billion in 1997 to $394 billion today, with the iPhone now over half of sales.
Chapters
Apple's rise to be a value of $3 trillion didn't happen just because they have the best, easiest, most seamless products. It happens because they told the best stories. When Steve Jobs launched the iPhone in 2007, Apple didn't just list its features. Jobs crafted a narrative about how the iPhone was a revolutionary device that would reinvent phones. And back in 1997, Apple was on the verge of bankruptcy. But the failing product lineup, which was in the Mac computers when Jobs returned, focused on a story driven marketing approach and launched the Think different campaign. Fast forward to today, after many, many years of building tons of incredible products, including the iPad, the AirPods, they generated from? 7 billion in 1997 to 394 billion in annual revenue, with the iPhone in itself generating more than 50% of total sales. That's the power of storytelling. It transformed Apple from a struggling tech company to the most valuable brand on earth.