Jack Welde: Tim Cook is transforming Apple into a SaaS-style leasing model
Jack Welde · 1002 How He Makes $10m+ Speaking Every Language on Earth · Apr 22, 2018 · at 18:40
Smartling CEO Jack Welde answers rapid-fire questions from Nathan Latka about business leaders he follows and studies.
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“I actually really think that you know, I really think that Tim Cook is doing a really pretty incredible job at Apple. I think he had some big shoes to fill, and I think that he recognizes that the iPhone still has a lot of life left into it from a growth perspective, but is also starting to think about what's next. Maybe that's self-driving cars. Maybe that's some sort of augmented reality. I think that you know, the transformation that Apple has gone under to and that, you know, it is under Tim Cook's leadership where you are, you know, leasing phones. Phones now are not really, many people are not buying them outright. They're actually leasing them, and that is becoming Apple's own sort of SaaS service offering. I think that's a really pretty tremendous transformation that Tim Cook is leading.”
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“I think great SaaS companies, great, great SaaS companies are paying something back inside of a year. You know, acceptable SaaS companies are paying something back inside of between two to three years.”
Welde: Smartling customer contracts range from $10,000 to over $1 million annually
“So our, you know, our customers pay us anywhere from, you know, 10,000 dollars a year, all the way up to, you know, a couple million dollars a year, million, million dollar plus a year.”
Welde: Smartling works with 10,000 contracted translators globally
“Yeah, 10,000 contracted translators around the world.”