Tag: Apple

Right to repair

Right to repair is a proposed legislation/movement that allows consumers the ability to modify and repair their own electronic devices.  

Planned obsolescence is the practice when goods are manufactured with a pre-determined expiry date aimed at forcing consumers into repeat purchases. The term was first termed in the 1950s by American industrial designer Brooks Stevens. This practice was introduced in the advent of mass-produced manufacturing at the start of the 20th century. But the practice was not as severe and prevalent as it is in recent years. One of the recent changes in the product design has been to make the goods very hard for end consumers to repair.

For instance smartphones, a couple of years back had a user-replaceable battery but with more features crammed into the chassis of a phone. Manufacturers have not only made it unnecessarily difficult to replace the battery but also to even open the panels of smartphones. With the recent MacBook Pro releases, Apple has soldered the SSD (Solid State Drive) on the motherboard. The reasoning for justifying the soldering by Apple is better reliability and the thinness of the laptops. But there is also another aspect. Apple’s business model is about selling laptops and not upgrading the systems. Upgrading an SSD can be a potential loss for them and to counter that Apple might have decided to make the laptop non-upgradable. The problem is that even SSDs are definitely much more reliable than mechanical hard disks but SSDs still fail and combining them with the motherboard means that if one of the two fails, the whole system fails. This also makes it much more difficult for end-user to repair their laptop. It also becomes a problem for the third-party repair business to access the repairing of these devices. This is just one of the instances of how access to repair is being restricted by the manufacturers but various companies are attempting to follow similar practices with varying degrees.          

With the introduction of newer and sophisticated technological components in electronic devices, it has become much more complicated to operate these modern devices. To reduce the access to repair these devices, manufacturers state that repairing the devices might violate their “Proprietary” rights. These repair limitations are a critical problem for not just the first owners but also for the second-hand/ used market. Due to proprietary information and diagnostics tools while evaluating a device. It has become difficult for third parties and end-user to even attempt the repair their own devices that they own. It took Apple the lawsuit to introduce the battery replacement program after the fiasco of the performance throttling issue on older iPhones. It clearly indicates that companies do not like it when consumers try to fix their products and companies deliberately try to reduce the user experience of older devices so that they can sell the newer models to maximize profits. With a monopoly on repair manufacturer’s intent is to lock down the user to the official service centers which can be significantly expensive than third-party service shops.

The right to repair movement intends to enact power into the consumer’s hands for the devices that they own. This means that consumers can open and modify everything they own. Also to root, unlock or jailbreak the software in their devices.

References:

Longest running light bulb since 1901: The case of Planned Obsolescence

Centennial Light is the longest-running electric light bulb on record. It has been running continuously since 1901 and it has never been switched off. It is located in Fire Station 6 in Livermore, California. The ordinary dim light bulb looks like any other bulb and there is also a camera that live-streams the light bulb onto the internet.

Link for the official website and live webcam of the light bulb.

http://www.centennialbulb.org/photos.htm

It was manufactured in the late 1890s by the Shelby Electric Company, of Ohio, using a design by the French-American inventor Adolphe Chaillet. It has operated for over 100 years with very few interruptions. In 2011, it passed a milestone: One million hours of near-continuous operation. In 2015 it was recognized by Guinness World Records as the world’s longest-burning bulb.

The 60-watt bulb uses a carbon filament. One of the reasons for its longevity is that it seems to have an incredibly durable vacuum seal. There have been some researches done on bulbs manufactured by Shelby Electric Company of that era. But no one really exactly knows how these eternal bulbs were made as they were experimenting with various but the company was experimenting with a variety of designs at the time.

The electric model was quite different when first homes in The U.S had electricity. The servicing was the responsibility of the electric companies and customers would purchase entire electrical systems manufactured by a regional electricity supplier. The companies would also take care of the installation and servicing of any burned out electric bulbs would be replaced for free.

It made more logic for the suppliers to manufacture bulbs that would last longer and would burn out as least as possible. But this business model was later replaced and homeowners were responsible to change the light bulbs. It was soon realized that it would be more profitable to make cheaper bulbs that burned out faster. Since the mid-1900s goods were manufactured with a pre-determined expiry date aimed at forcing consumers into repeat purchases. This phenomenon has only been exacerbated in recent years. This can also be called planned obsolescence.

In 1924, the life span of the light bulbs was at least 2,500 hours. Phoebus cartel was formed in 1925 in Geneva. It comprised of the major incandescent light bulbs manufacturers at that time: Osram, General Electric, Associated Electrical Industries, and Philips. The cartel had directed their engineers to cut the life of the bulbs to 1,000 hours, which the engineers did by adjusting voltage and current. The cartel was intended to operate for 30 years but it was starting to fall apart in the early 1930s after General Electric patents expired and as the cartel faced competition from non-member manufactures from other regions. The cartel ceased its operations after the outbreak of World War II in 1939.

Planned obsolescence is a very critical area it does not only decrease the lifespan of the good but as a consequence, it is also wasteful. It is not sustainable for the environment and the main focus of this practice is to maximize profits. It also reminds us that technological innovations are often not accessible in favor of corporate greed.

References:

Who delivers the Amazon cardboard boxes???

Cardboard boxes that have been used for generations and thrived in the age of e-commerce continue to flourish or could the cardboard box be facing a new challenger? Cardboard boxes are a very big deal within the U.S. The United States is the Saudi Arabia of trees. Someone’s going to make the first box and that’s almost inevitably a mill generally in the Southeast United States. China certainly doesn’t have trees and India the extent they do have trees they’re not necessarily the right types of trees and shouldn’t be dedicated towards making boxes for us. The box business grew rapidly up through 1999 when the U.S. coordinated box market had its peak shipment. Starting in the early 2000s the U.S. corrugated box market faced multiple economic obstacles.

The great recession dragged on box demand and even after the recession demand continued to slow for commodity like soda and for the boxes that transport them. The move to digital devices also coincided with a drop in demand for copy paper and newsprint. But box makers found a grace in e-commerce sales and Amazon sale specifically which were growing at mostly integer rates within the recession and post-recession years. Those e-commerce sales have become a significant market for the containerboard industry. In 2018 told a U.S. e-commerce sales were estimated to be $512 billion almost 50 percent higher than in 2015. Amazon captured 48 percent of those sales. Most estimates are that e-commerce accounts for about 10 percent of the U.S. box market. Amazon accounts for close to 5 percent of U.S. box demand. By our estimates they are clearly the single largest box user in the US. International Paper with a third of the market I think does closer to 50 percent of all the amazon boxes evidently they got a bit more share than perhaps some of the smaller players.

Amazon's incredible, vanishing cardboard box - CNN

Amazon said they deal with most of the big box makers across the U.S. according to analysts. Those manufacturers include International Paper, WestRock, Packaging Corporation of America and Georgia-Pacific. Some investors were turning to these companies as a way to invest in the e-commerce giant without having to purchase Amazon’s pricey stock. People didn’t really start talking about buying International Paper or WestRock as a secondary investment in Amazon till about the last five years. Despite the boost from e-commerce sales the box business still isn’t growing all that much. And since 2018 their stocks have mostly underperformed the S&P 500. In 2018, 69 percent of International Papers total revenue came from the box business and that sales volume has been mostly flat for the past five years. Although the big producers sold less boxes in 2018 than in 2000, industry consolidation has dramatically narrowed the fields.

The handful of big players remaining are based in Memphis, Tennessee, Atlanta, Georgia and Lake Forest, Illinois. Analysts have told CNBC that substantial industry mergers have made it easier to collectively hike prices and those price increases have helped drive revenue. There are portions of the business that are in indisputable secular decline but if you’re in the brown part of the business, making these boxes, that’s been some very welcome growth. But those extra boxes piling up on people’s doorsteps have led to a backlash from disgruntled customers who are sick of receiving golf ball sized products in supersized boxes. It used to be that you’d order a toothbrush and it would come in three giant boxes and you’d say to yourself, what is this? Well, Amazon is trying to rectify that by using fewer boxes and using other types of packaging where appropriate. With e-commerce packaging underfire Amazon decided to change the way they do shipping. In 2008, Amazon introduced the Frustration Free Packaging program. It aims to reduce the extra packaging created when retail packaged products are placed inside Amazon boxes to be shipped. Instead, products certified in the program that are roughly the size of a blender or larger need to be packaged in their own ready to ship boxes. And those boxes also need to be made of 100 percent recyclable materials. For customers that means that the packaging is easy to recycle and the box is easy to open without all the excess packaging materials.

Use That Pile of Empty Amazon Boxes to Do Something Wonderful ...

Amazon offered vendors an incentive of a dollar per shipment to modify their packaging. And starting August 1st 2019 Amazon is charging a $1.99 penalty for each product shipped that needs to be reboxed. And basically the point of this deadline is for Amazon to get out of the business of packaging. They want their vendors to send them boxes that Amazon doesn’t have to touch or rebox. Over the last two years we have invented two different kinds of flexible mailers. One is the blue and white all plastic mailer. We’ve recently launched in the last six, eight months a paper padded mailer that’s actually fully recyclable with the paper stream. Amazon said they made about 10 million shipments using the paper padded mailer and depending on the month the plastic mailer is used about 20 to 30 percent of the time. So really when we come down to deciding if the product is of the size it can go on a mailer, it’s not likely to be damaged by going in the mailer, the mailer is always the better fitting option and frankly is easier for the customer to choose to recycle than breaking down a corrugate box. We’re driving in that direction for many different reasons. But those plastic mailers generally are not accepted in municipal recycling programs and you’ll need to bring them to a store that accepts plastic bags. The latest stats from the EPA show that corrugated boxes were recycled at a rate of 92 percent in 2015 while plastic bags, sacks and wraps were recycled at a rate of 13 percent in 2015.

AMAZON E-COMMERCE SELLERS, IT'S TIME TO REVIEW YOUR ADVERTISING ...

When you think about what is the greatest pain point for the consumer after having it get there safely arrive on time people are concerned about receiving something that is plastic or made a poly because of the environmental concerns. Some waste management companies say plastic packaging also causes problems for the recycling systems. Plastic mailers get caught in the recycling machinery slowing down the process and raising the costs for recyclers and sometimes contaminating entire bundles. Until Scotty on the Enterprise can beam the products from the warehouse to your living room I think Amazon’s going to be good for the corrugated business. I think there’s going to be noise I think you’re going to have challenges from time to time where people say, “Should we try and the plastic pouch?”, in the long run plastic is going to be on the wrong side of history. Because Amazon is a market leader in the U.S. e-commerce sector any move away from cardboard to plastic mailers could signal a shift for the entire industry. The corrugated box could be about to undergo a major facelift. We’re seeing some major trends among consumers and what they’re expecting from e-commerce and the first one is actually this desire for increased engagement with the package. In 2015, Amazon partnered with Universal Pictures and Illumination Entertainment to ship orders in bright yellow delivery boxes featuring cartoon characters from the movie Minions. The boxes promoting the movie and a special Amazon U.R.L. dedicated to shopping for merchandise from the film.

Why Apple was not so popular in India???

Apple sells millions of iPhones every year. In the year 2018, the tech giant reported selling close to 47 million units worldwide. But not all markets are created equal. India has been one of the hardest countries to crack for the Cupertino giant. Although it’s been over a decade since Apple began selling iPhones in India, the company can’t seem to get a big bite of the world’s second-largest smartphone market. India is a very price-sensitive market, which means that people pay a lot of attention to what value they are getting out of the price that they are paying for a particular product.

In the case of Apple, there’s a lot of premium being paid for the brand itself, and that’s where the price-conscious Indian consumer thinks about that if they are getting the same kind of features or specs from another phone that they can get a lower price, that makes it tougher to sell something at a much higher premium. Apple is definitely feeling the pressure. Samsung and Xiaomi accounted for the majority of smartphone sales in India in quarter three of 2018, garnering 22 percent and 27 percent respectively of the smartphone market. In contrast, Apple made up only about 1 percent of India’s smartphone market share, trailing behind Chinese phone makers Vivo and Oppo. It’s also worth noting that the premium smartphone market in which Apple operates still makes up less than 5 percent of the overall smartphone market in India.

7 Key Strategies That You Must Learn from Apple's Marketing

Most of the smartphones in India that sell, they are below $200 and Apple does not have any play in that segment. This environment is one that competitors like Samsung have begun to adapt to. The South Korean powerhouse is launching its Galaxy M series budget smartphones to appeal to the Indian market. In contrast, Apple doesn’t seem too keen on changing up its India strategy. I got some ideas for you, OK? I talked to some people at Walmart yesterday. An arrangement with Walmart Flipkart to take over India with a budget phone rather than doing it piecemeal? For us, we’re about making the best product that enriches people’s lives. And so, we’re not about making the cheapest. For us, what we’ve seen is, there’s enough people in every country in the world that we play in that we can have a really good business by selling the best phones. Still, some tech investors see Apple as being out of touch with the India market. You think they are going to slash prices? I think they have to. How can you sell a $1,000 phone in a market like China where the GDP per person is $10,000? In India it’s $2,000. And if you go back to the September earnings release, they talked about the fact that India was way below where they thought.

Apple postpones launch of online store in India - The Economic Times

Well, if your average GDP person is $2,000 and you’re trying to sell a $1,000 phone, it’s gonna be probably pretty hard to sell it. They probably want to eat. Another issue for Apple: stiff tariffs. I think iPhones have a specific disadvantage in the India market because of the local regulation. There is a very high import duty on the phones that are not manufactured locally in India. So for most of the big players in the India market, they are manufacturing locally so they do not have to pay that high import duty. Samsung has been manufacturing phones in India since 2007 and just last year opened the world’s largest mobile phone factory on the outskirts of New Delhi. Chinese phone makers Xiaomi and Oppo have also invested millions of dollars to build manufacturing plants in the country. That’s not to say Apple has completely ignored India.

The tech giant already manufactures its lower-cost iPhone SE and iPhone 6s models locally, through a partnership with Taiwanese manufacturer Wistron. This year, Apple is also expected to move its production of the iPhone X series into Foxconn’s plant in southern India. If you look at how we’ve done over the years, we’ve gone from a $100-$200 million business to last year we had we exceeded $2 billion. That $2 billion was flat year over year after a rapid rapid growth. And so we have more work to do. We’d like to put stores there. We would like some of the duties and so forth that are put on the products to go away. But even with its local hardware production push, Apple still fails to provide Indians with a robust software experience.

Apple iOS 13 Release: Should You Upgrade?

Apple has introduced turn-by-turn navigation for the India market. Before that, that significant part was missing. And beyond that, there’s not a lot of customization that Apple has done for the India market. There are not a lot of apps that specifically cater to the India market. Past complaints for Apple Maps also included missing major landmarks and having very sparse data of cities and towns. But again, Apple is working on a solution. The company has hired thousands of engineers at its mapping facility in Hyderabad to improve its services. Apple Pay is also not an option in India, though similar payment services from Samsung and Google have already been rolled out. Finally, unlike in most other markets, Apple can’t rely so much on its brand recognition to sell devices in India. The other challenge for Apple in India is that it cannot have its own retail stores or own Apple stores because of some regulatory issues, which means it has to have partners on the retail side, whether it’s the Apple premium resellers, which you see in many other countries as well, or with the third-party resellers. In order to have a larger presence in the market.

Apple has to have partnerships with thousands of these resellers, which in a country as big as India, can be challenging. Apple is still a premium status symbol for many Indians, but one that is out of reach for the majority of the population. With phones from Chinese brands like OnePlus, which was India’s best selling premium smartphone brand for the second quarter in a row, offering similar features at a fraction of the cost, Apple may have a very tough time getting a bigger slice of the India market.

Apple - Localizing the Message - Global Marketing Professor

The Easiest is to be Happiest😃…How to be happy???

  1. To live by is that one day you will be gone it may be in 50 years it may be in 50 weeks it may be next week or even today. I don’t know you don’t know nobody knows and rather than live in fear of this we should embrace the fact that this life is short and unpredictable knowing this we must live fully today it’s not a recipe for recklessness rather a recipe to offer your all today to offer your absolute best today in everything you do to give your greatest energy. To this day to your family to everyone you encounter today it’s a reminder for you to go away your best self in each moment what if they couldn’t speak to you tomorrow what if you were gone tomorrow what would they speak of you what are you able to do this will leave an enduring positive memory within the lives.

two men laughing
Photo by Ketut Subiyanto on Pexels.com

  1. There is nothing you cannot be do or have if there has been someone even one person on this planet that has done it before that means you can – it doesn’t mean it will be easy but it does mean it is possible and as long as it is possible you can work towards it you can make a plan learn what must be finished you to measure your craziest most abundant life a life most would consider impossible.
  2. Nothing is worth it if it doesn’t make you happy if it doesn’t a make you happy or B make you better don’t make time for it now before and if you jump on this let me clarify nothing is worth it if it doesn’t make you happy. It means if it doesn’t make you happy now while you’re doing it or it isn’t going to make you happy as a result of doing it most likely is not worthwhile almost everything worth fighting for goes to need a true fight to win an excellent prize. You will need to suffer and sacrifice for nearly anything worthwhile in life but you ought to ask yourself this question about everything you are doing in your life does this make me happy if the solution is not any ask yourself will this sacrifice i’m making cause more happiness within the future if not you ought to let it go.

 

student with documents and laptop happy about getting into university
Photo by Ketut Subiyanto on Pexels.com

  1. Be yourself always no exceptions it’s such a tragedy to see so many people on this planet living lives they don’t want to live just because they listen to other people who did an equivalent the sole way you’ll live happy during this life. The only way you’ll achieve success is that if you be you let me repeat that because perhaps it’s the foremost important thing you’ll ever apply to your life the only way you can be happy in this life the only way you can be successful is if you will never be truly happy in life. If you are constantly doing things to please others to compete with others or to be like another you are unique and that is your greatest gift when you follow your own path regardless if that matches in with others you open up space for nice things to enter your life compare yourself to nobody compete with no other make your own decisions and it’ll cause your greatest vital principle .
  2. Everything you would like is already within you during this world we see endless samples of people that seemingly have it all materially speaking but they’re empty inside things will never complete you people will never complete you no matter what Terry McGuire says “needing nothing attracts everything”. When you come from an area of needing nothing of seeking nothing outside yourself to form you cheerful you open up space for more amazing things to enter your life and if things don’t come that’s fine you don’t need them real happiness is never found outside of us it is not found in possessions or wealth happiness is always and only found within us. It is a state of mind never forget this happiness is the highest level of excess do what feels good the rest will follow principle.

happy children lying on bed with father
Photo by Ketut Subiyanto on Pexels.com

  1. there’s no room for toxic people but there is never-ending space for positive energy and positive people surrounding yourself. With energy killers is one of the worst things you can do if you want to live a happy fulfilled and successful life unfortunately not everyone including families and friends will share an equivalent positive energy you’ve got some will take a short time some might never get there allow them to run their own race, while you specialise in living your own happiness. Those who are truly aligned with you’ll never hold you back from living the life you would like to measure don’t ever dim your lights to suit in with others shine bright those that see your spark will shine with you remember you can’t live an excellent life a cheerful life if you surround yourself with toxic people.
  2. Whatever you focus on you will find if you search for negativity in this world you will find plenty of it. If you look for hate anger violence and sadness you’ll find it but an equivalent is true on the flip side if your only intention is to look for the great you’ll find only the great whatever meaning you give your life becomes your life. It can be a failure or a lesson heartbreak or character building life is against you making you stronger because there is no such thing as reality we choose our own reality by the meaning we give each moment in our lives make it your intention to seem for the great in your life, to note the great in others to be grateful for what you do have to see challenges as opportunities.

happy young woman opening cosmetic bottle while standing against white background
Photo by Karolina Grabowska on Pexels.com

 

Apple catches TikTok reading user clipboards; won’t do now, says Chinese app

Chinese short-video-making app TikTok has announced it will no longer automatically access user clipboards on Apple iPhones after iOS 14 in Beta exposed the app’s constant reading of user clipboards.

TikTok told The Telegraph that it would stop “snooping on users’ clipboards after iPhone update showed app constantly reads copied text”.

“A security patch from Apple has suddenly exposed just how many smartphone apps are reading users’ clipboards every time they are on screen,” said the report.

In iOS 14 Beta, one of these features is a new banner alert that lets users know if an app is pasting from the clipboard.

This has exposed the behaviour of some popular apps like TikTok as annoyed users who upgraded to iOS 14 Beta went on social media with such complaints.

“For TikTok, this was triggered by a feature designed to identify repetitive, spammy behaviour. We have already submitted an updated version of the app to the App Store removing the anti-spam feature to eliminate any potential confusion,” the Chinese company said in a statement.

According to the report, other apps that read the iOS clipboard include AccuWeather, Call of Duty Mobile and even Google News.

iOS 14 is limited to developers now and the company plans to release a public beta version next month ahead of the launch later this year.

In iOS 14, all apps will now be required to obtain user permission before tracking.

Later this year, App Store product pages will feature summaries of developers’ self-reported privacy practices, displayed in a simple, easy-to-understand format.


23 June – World Olympics Day – History…

On the 23rd of June 1894 the International Olympic Committee was founded at the Sorbonne in Paris. Prior to the IOC establishment by Pierre de Coubertin the British physician Dr. William penny Brookes had set up the Wenlock Olympian games in the English market town of Much Wenlock although he always maintained that he had the idea of reviving the ancient Olympic Games for amateur athletes himself, Coubertin entered correspondence with Brooks and benefited from his connections with the Greek government Coubertin was the Secretary General of the Union of French sports associations.

A Brief Look At The Olympics History

Image source: Confidential man.com

Coubertin first proposed establishing a modern Olympic Games at his meeting on the 25th of November 1892 although his enthusiasm was met with little more than general polite applause Coubertin wasn’t deterred and commenced to get the groundwork for what was to become the primary Olympic Congress at the Sorbonne in Paris in 1894. Initially invited participants to a gathering entitled reflections on and propagation of the principles of amateurism Coubertin later changed the name to a congress on the revival of the Olympic Games seventy-nine delegates from nine countries subsequently met at the Sorbonne though Coubertin himself recognized that there was still little enthusiasm for reviving the games. Despite this a vote was held at the last word meeting of the Congress on the 23rd of June that established the International Olympic Committee Coubertin was elected to the role of general secretary with the Greek businessman and writer Demetrius Vikelas because the first president it had been further agreed that the primary modern Olympic Games would happen in Athens in 1896. The second in Paris four years later the IOC has remained liable for the Olympic Games ever since.

All About the Olympics for Kids - The History and Symbols of The ...

There are two main events there are the Winter Olympics and the Summer Olympics if you’re wondering when the winter and summer olympics take place they take place every four years when you see the Olympic logo there are five rings the reason for that is in history it has been told that a man named Baron de Coubertin saw the five rings on an ancient Greek artifact the reason we see five colors on each ring is to represent the five continents Europe, Asia, Africa, Oceania and the Americas finally with sports like track gymnastics figure skating and more each category is awarded a gold silver and bronze medal for the first second and third place winners. Hope you enjoy the Olympics.

The History of the Olympic Pictograms: How Designers Hurdled the ...

Image source: Smithsonian magazine

Why Mukesh Ambani is more successful than Anil Ambani? – Inspirational story…

Once before in 2019 Mr. Anil Ambani either you pay Eriksson 453 crore rupees or go to jail that time is super rich brother saved him from that feed and then it happened again this year you are personally liable to the three Chinese bank for our comms use of 700 million dollars, but sir I have a net worth of zero you Daikin industrialist socialite and fitness enthusiast there riches-to-rags story of Anil Ambani could well be a plot for a Bollywood film just like his father the Dhirubhai Ambani.

Image source: Business Insider

Dhirubhai Ambani also inspired a film guru  Dhirubhai was legendary for his audacious vision and his ability to successfully implement it

“If you don’t build your dreams someone else will hire you to help them build theirs while”

Started as a petrol pump attendant in Aden Yemen his son’s vocational him walk straight to the directors cabinet while returned to India with just 500 rupees set up reliance and took it public in 1977 the boy started life sitting on its board and that time of his death in 2002 Forbes ranked Dhirubhai Ambani as the world’s 130 eighth richest person with a net worth of 2.9 billion dollars leaving behind one of India’s biggest companies worth 75 thousand crore unthinkable to him that his two sons would fight over his legacy. Dhirubhai did not leave behind the wheel despite cracks forming between the two brothers even during his lifetime who were then Chairman and Managing Director of Reliance Industries respectively after the father’s death these cracks came wide into the open over who would own which company. There was no question as to who would get their flagship petroleum company reliance because Mukesh was the one who had built them main Patal Ganga plant and understood the business intricately Reliance Communications India’s second largest telecom company at the time was also micaceous baby having an vision and build it from scratch but Anil wanted it. Finally, it was their mother Kokilaben in 2004 five I need are calm mom supported by external negotiators chartered accountant s guru-murthy and banker KV Kamath who stepped in to divide the conglomerate Mukesh got all the old economy companies Reliance Industries petroleum IPCL infrastructure while Anil got all the new economy companies and renamed his group ad AG telecom Reliance Capital Energy Natural Resources and broadcasting and his legacy left him as the sixth richest man in the world with a net worth of more than 42 billion dollars just one step below his elder brothers forty three billion. It was broadly expected that since Ana had control over sundry sectors he would do better than Mukesh in the long run in his quest to further strengthen his hold in this sunrise sector in 2005 Anil bought ad lab films and their chain of theaters big cinemas which by 2008 had become the largest multiplex chain with 700 screens across India and overseas he also signed a 1.2 billion dollar deal with American filmmaker Steven Spielberg’s production company DreamWorks in the same year making some Academy award-winning movies.

Anil Ambani - Wikipedia

Image source: Wikipedia.org

When Anil floated an IPO for Reliance Power it was subscribed in 60 seconds and record for Indian capital markets a Mills flamboyant lifestyle was a fairytale like his proximity to Bollywood celebrities on a loose was my genre program to politicians like Samajwadi parties. Amar Singh who had enough clout to have him nominated as AI onion through by Ambani having being elected as a member of the Rajya Sabha like his bi-weekly helicopter flight from his South Mumbai home to our comms office in Navi Mumbai named Dhirubhai Ambani knowledge seeking or his love for running and fitness which he apparently took up after an American investor.

Mukesh Ambani

Image source: Forebs

Mukesh boasting of the most expensive house in Asia worth 700 million dollars four and a half thousand crore anil planned his own luxurious house aboard also worth about the same amount in Bandra Pali Hill which is still under construction with so much money and attention around it seemed Anil star would shine forever things however did not go as planned relations between the once close brothers that were until then civil Saud instead of renegotiating an old deal in 2010 and Anil took Mukesh to court over the supply price of gas from Reliance Krishna Godavari Basin. Mukesh refused to supply him gas at the contracted price under the terms of the 2005 gas agreement brokered by their mother who Kokila had contracted to supply gas to onions our NRL at two dollars 34 cents per mm BTU even though its price had since risen sharply in international markets but the Supreme Court in accordance with the government’s gas utilization policy fixed the price at four dollars 20 cents per mm BTU in favor of Mukesh as Anil his next hit was in Telecom when our comb was set up they adopted the cheaper CDMA technology. While rivals such as Airtel and Hutch used the more expensive GSM while CDMA was a superior technology at 2g and 3G levels the world was moving towards 4G and beyond which it could not support once the tenure anti-competition clause with his brother lapsed into end Mukesh launched Jio and changed the face of the telecom industry in India within three years of Jio’s launch our comes one point six five lakh crore market capitalisation lost over 98% of its value and eventually went into insolvency proceedings in May 2018 both these were big setbacks for Anil.

Anil Ambani falls off billionaire club; equity wealth crashes from ...

Image source: Business Today

Now his dominoes began to fall one by one in an effort to reduce debt in 2014 Anil sold big cinemas to Carnival for seven hundred and ten crore and two years later parts of his TV and FM radio business to Zee for one thousand eight seventy two crore during his head is Anil to showcase his engineering capability took huge loans to build Mumbai Sea Link and the city’s verso Agard copper Metro both projects done below cost despite things falling all around him. Anil without domain knowledge tried his hand in the defense sector when in 2016 he bought p-pop of marine and offshore engineering so it was no surprise when the diversification failed and the market cap of Papa renamed Reliance navel fell ninety percent in 2019 from a billion dollars to a hundred million the Fuhrer over the Rafael deal in Parliament also added to his woes finally the profit making and cast generating Reliance Energy was sold off to Adani in 2017-18 for 2.5 million$ 18,000 crore took pay off debts loans that Anil defaulted on worth twelve thousand eight hundred crore also played a part in the downfall of yes bank as of December 31st 2019 Anil Ambani telecom naval infrastructure and power businesses have defaulted on loans over 43860 dollars his pile of deaths has also affected his other projects we had the Delhi Metro or power projects in Madhya Pradesh while Mukesh Ambani’s wealth saw ups and downs but remains steady at 43.1 billion$ last year on his fortunes tumbled to 1.7 billion and is reported to be worth less than 1 billion.

10 amazing facts about Mukesh Ambani's home 'Antilia' - Photos-1

Mukesh Ambani House (Image: Business Today)

Anil monies deadly sins poor strategy are calm lost out when 4g came this way known drawback in CDMA pride chasing prestige projects with long returns rather than the bottom line like the ceiling over ambition looking outside of core competence areas like venturing into defense mismanagement taking more loans than the ability to pay in worst case scenarios like our comm navel etc mukesh on the other hand has not only kept a deep focus on his core business but entered two major sunrise sectors retail and telecom through a well-crafted strategy. Anil is not the only one to lose his fortune Ranbaxy is Shiv endure and Melinda Singh lost their ancestral 2 billion empire Ashika then Ravi can through you had to let go their bankrupt Essar Steel to ArcelorMittal VG Siddhartha of coffee cafe day ended his life citing debts and pressure from lenders the rage girl had to step down as chairman of Jet Airways which eventually wound up operations under a debt of 8500 TV mogul Subash Chandra lost his stake in Zee TV due to mounting debt the once billionaire is currently battling a lawsuit by three Chinese banks which are trying to recover 680 million$ they lend to our Comment 2012 debt backed by onions personal guarantee in a further spate of bad luck Reliance Capital the only business which was still doing well also got hit due to global recession after the corona virus epidemic a London Court has now asked him to deposit a hundred million dollars in six weeks but Anil pleaded, “I do not hold any meaningful assets which can be soon to pay them” now that the six week deadline is over and Anil is still out of jail it appears that he had enough personal funds to make the payment after the Jio-Facebook deal big brother Mukesh sauce even higher but with limited resources left the question is what next for Anil Ambani Baseball’s Limerick this is the story of Anil Ambani how his life was once full of glory but his death overloaded and capital eroded what chapters are left in this riveting story.