I agree with Horace, this was a huge strategic announcement by Lisa Jackson at Apple’s recent keynote:
[Lisa Jackson] laid out a goal for Apple to eliminate the need to mine new materials from the Earth.
She said that to reach that goal Apple will have to do three things:
- Sourcing recycled or renewable materials for all products.
- Ensure that Apple products last as long as possible.
- After a long life of use, ensure that they are recycled properly.
Its this second point that I thought would bring the house down.
To emphasize the second point she said Apple now strives to design and build durable products that last as long as possible. That means long-lasting hardware coupled with long-lasting software. She pointed out that iOS 12 runs even on iPhone 5S, now five years old. Because iPhones last longer, you can keep using them or pass them on to someone who will continue to use them after you upgrade.
She said that keeping iPhones in use is the best thing for the planet.
At this point in the presentation I wondered if everyone would rush out of the room and call their broker to sell Apple shares.