As one of the most popular hot words in today's scientific and technological world, the "Internet of Things" is actually a misuse, and this is a big problem for the scientific community. As the name implies, the "Internet of Things" is made up of a large number of devices, such as home thermostats for smart home device maker Nest, Apple Watch for Apple Watch, and Fitbit for fitness equipment. But in reality, they don't really make up the Internet, at least not as defined in the dictionary.
The Internet is the way to connect many different computer networks so that they can communicate with each other. It connects things together and has more power. The current form of "Internet of Things" is made up of chaotic electronic devices, and they are not really connected, and this trend is undoubtedly going to a dead end.
In addition, the name is also ironic, because the "Internet of Things" is more like a computer system prevailing before the Internet in the 1960s. In a sense, Leonard Kleinrock, a computer science professor at the University of California, Los Angeles, is considered the "father of the Internet." He sent the first in human society on October 29, 1969. A packet-switched communication network information, which opened the door to the Internet era.
This pioneering event has led to rapid growth in the field of electronic communications over the next few decades, with the emergence of the World Wide Web, e-commerce, Facebook and smartphone applications. In contrast, the emergence of the Internet of Things has constrained the evolution of personal computing technology.
Reasons include:
First, Fitbit and Apple Watch are not as attractive as PCs and smartphones.
Second, they are not connected devices in the true sense, but are accessories to smartphones that are sold like accessories, which reduces consumer enthusiasm for purchase.
Third, they do not open the door to the entire world like the Internet, just to attract more consumers into their ecosystems.
There are many efforts to promote the exchange of these products, but these efforts are themselves like broken networks. Google owns the Brillo platform, Apple owns the HomeKit platform, and even Qualcomm, the maker of chips for "Internet of Things" devices, has launched a platform called AllJoyn. The starting point for these different platforms may be goodwill, and they want to integrate the scattered devices, but they actually fail to fundamentally change the status quo.
There is an urgent need for a second wave of larger-scale Internet computing, as Cranrock pursued 47 years ago. But many people may have forgotten that Cranrock's project was supported by the public agency of the Defense Advanced Research Projects Agency (Darpa) under the US Department of Defense. Apple, Google, and other companies are building their own complex "rats" because they don't belong to each other. Now, perhaps only the similar public sector that Cranlock needs can save us from this chaos.
A typical example of the “Internet of Things†going to a dead end is Apple, which can be shown in its stock ups and downs. Apple's share price has fallen to its lowest level since June 24, 2014, reflecting Wall Street's growing desperation for Apple's future prospects, even though Apple was once the world's most listed company. A few days ago, Apple’s market value shrank to a maximum of $494.7 billion, which was once surpassed by Google’s parent company, Alphabet, which had a market capitalization of $494.9 billion. Investors have encountered similar tests on many occasions. In the past 12 months, Apple's share price has fallen by 27%. After the death of Apple co-founder and CEO Steve Jobs, Apple's share price has plummeted more than 40%.
Even in the Jobs era, Apple's share price has fallen sharply, including a 40% decline from the end of 2007 to the beginning of 2008. At the time, Apple just released the iPhone, which eventually pushed Apple's market value to its peak. But recently, Apple's stock has once again fallen into a state of ups and downs, and has fallen by 14% so far this year, and this time is different from the past. Apple has spent nearly four years to launch as many new products and services as possible, hoping to please Wall Street.
Apple has implemented the largest stock repurchase program and dividend plan in history and has been expanding this program. Apple plans to spend $250 billion to implement the plan by March 2018, but Carl Icahn, a radical investor pushing the plan, has already sold Apple shares. What can you say when a company succumbs to Wall Street's request but does not receive any reward for stock performance?
There is one thing you can say, that is hard to understand, because Apple executives never publish relevant comments. Compared with other companies, Apple always refuses to comment on CEO Tim Cook or Chief Financial Officer Luca Maestri. For companies of this size, this is unprecedented. Cook recently accepted an exclusive interview with Jim Cramer, but it was entirely out of respect for Kramer, and this accidental behavior did not satisfy the desire of people to continue dialogue with Apple management.
Another possible answer is that, like the past recession, Apple's stock price will eventually rebound. In the long run, the value of Apple's assets has been growing, although there will be a short-term contraction. Apple is a product-driven company, and its products are driven by technological innovation. If you think that Apple still has the potential to dig, and with many of the world's most talented engineers continuing to drive its evolution, you can buy its stock, hoping that its final share price will reflect the value of innovation.
Another company that needs to give an answer recently is chip maker Nvidia. Not long ago, Nvidia exceeded Wall Street's quarterly expectations and provided optimistic performance forecasts, prompting its share price to rise by 15.2%. Over the years, Nvidia has gradually tended to favor products such as smartphones, which have only been defeated by a few competitors such as Qualcomm. But its chief executive, Jen-Hsun Huang, has never wavered his belief that he believes the company's chips have broad applicability.
This strong belief and vision is very rare, perhaps in comparison with Jobs. Huang Renxun may eventually realize his dream. The rise of machine learning is bringing huge returns to NVIDIA, and its graphics chips are given a new mission to help develop new forms of artificial intelligence. Currently, Nvidia's share price is 40.98 US dollars, this price is not cheap, the forward earnings are estimated to be 20 times. But with the rise of emerging businesses such as machine learning chips, its revenue soared 63% in the last quarter, which may prompt Nvidia's share price to rise sharply.
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