How Apple Became a $3 Trillion Company & Why We Love to Laugh

Summary

Podcast Summary: Something You Should Know Episode: How Apple Became a $3 Trillion Company & Why We Love to Laugh
Host: Mike Carruthers
Release Date: May 12, 2025

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Introduction to Key Topics

In this episode of "Something You Should Know," host Mike Carruthers delves into two major subjects: the meteoric rise of Apple to a $3 trillion valuation and the universal human affinity for laughter and comedy. Additionally, the episode touches upon practical life advice and a surprising link between sunlight and pancreatic cancer.

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1. The Pitfalls of Topping Off Your Gas Tank

[04:15 - 07:00]

Mike begins by addressing a common habit among drivers: topping off the gas tank after the pump automatically shuts off. He explains why this practice is detrimental to both the vehicle and the environment.

• Environmental Impact: Overfilling can cause gasoline to spill onto the ground, leading to environmental contamination.
• Vehicle Damage: Excess fuel can saturate the Onboard Refueling Vapor Recovery System, potentially triggering the check engine light and resulting in costly repairs.
• Financial Waste: Fuel that tops off beyond the pump's automatic shutoff returns to the gas station, meaning consumers pay for fuel they don't keep.

Mike emphasizes, “When the pump clicks off by itself, avoid that temptation to squeeze out just a few more drops” ([05:30]).

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2. Apple's Ascent to a $3 Trillion Giant

[07:00 - 30:49]
Guest: Patrick Magee, Author of Apple in China: The Capture of the World's Greatest Company

a. Historical Foundations and Steve Jobs’ Influence

Patrick Magee provides an in-depth analysis of Apple's journey from its founding in 1976 to its current status as a tech behemoth. He highlights the pivotal role of Steve Jobs in shaping the company's ethos and design philosophy.

• Founding and Early Years: Apple started in a garage, focusing on building personal computers with an emphasis on design and usability.
• Shift to Outsourcing: Under CEO Gil Amelio in the mid-1990s, Apple began outsourcing manufacturing to China, a strategy crucial for its survival and growth.
• Steve Jobs’ Return: Jobs’ comeback in 1996 was instrumental in revitalizing Apple, leading to the creation of hit products like the iMac, iPod, and eventually the iPhone.

Patrick states, “Apple was about to go under if the iMac wasn't a hit, and it becomes America's best selling computer” ([16:29]).

b. Apple and China: A Symbiotic Relationship

The conversation delves into how Apple's extensive operations in China have not only fueled its growth but also transformed China's manufacturing capabilities.

• Investment in China: Apple’s investment over 25 years has enabled China to become a leader in electronics manufacturing.
• Exploitation and Dependency: Magee posits that “Beijing was allowing Apple to exploit workers in China so that China could in turn exploit Apple” ([23:10]).
• Design and Scale: While Apple's design prowess, led by Jony Ive, creates unique and desirable products, the scalability and manufacturing expertise of Chinese partners like Foxconn ensure Apple’s products are ubiquitous.

c. Revenue Streams and Market Dominance

Magee breaks down Apple’s revenue sources, highlighting that over 50% comes from the iPhone, with significant profits also derived from the App Store and services.

• App Store Dominance: Apple takes a 30% cut from app sales, contributing substantially to its profit margins.
• Global Market Share: While Apple holds about 50% of the smartphone market in the U.S., globally it maintains roughly a 20% market share but commands 85% of industry revenue due to high price points and profit margins.

He remarks, “Apple earns about 85% of industry revenue for smartphones globally” ([28:44]).

d. Future Challenges and AI Integration

Magee discusses Apple's current struggles with integrating AI into its ecosystem.

• AI Delays: Apple has faced setbacks in rolling out promised AI features for the iPhone 16, delaying their availability by several months ([26:07]).
• Privacy and AI: Unlike other AI platforms, Apple emphasizes privacy, allowing Siri to access personal data in ways other AI assistants like ChatGPT cannot.

Magee concludes, “Siri basically already has that access” ([27:45]), highlighting Apple's unique position in the AI landscape.

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3. The Science and Art of Comedy

[30:49 - 53:51]
Guest: Jesse David Fox, Senior Editor and Comedy Critic at Vulture

a. Evolutionary Roots of Laughter

Jesse David Fox explores why humans universally seek out comedy and laughter.

• Evolutionary Need: Laughter originated as a form of communication among primates, serving to relieve tension and signal playfulness.
• Social Connection: “Laughter is essentially a form of communication. It is a social phenomenon” ([36:20]).

b. The Transformation of Comedy as an Art Form

Fox traces the development of comedy from simple joke-telling to a sophisticated art form.

• Stand-Up Comedy Boom: The 1950s marked the rise of stand-up as a distinct art form, with comedians gaining ownership over their material.
• Modern Dynamics: Today’s comedians build deeper relationships with their audiences through platforms like podcasts and social media, moving beyond traditional comedy clubs.

c. The Mechanics of Humor

Fox discusses what sets exceptional comedians apart and the delicate balance between spontaneity and preparation.

• Play Theory: Comedy is an outgrowth of our desire to play with language and social interactions, creating bonds similar to friendships.
• Performance Craft: Successful comedians like Jerry Seinfeld excel by making audiences feel as though they are part of a natural conversation, despite meticulously prepared material.

He notes, “The comedians who are really successful represent a feeling of trust, represent a feeling of friendship” ([40:27]).

d. The Future of Comedy

Looking ahead, Fox predicts that comedy will continue to adapt to new technologies while retaining its core elements of live performance and audience connection.

• Technological Integration: Future comedians will balance online content creation with live performances, maintaining authenticity in both realms.
• Enduring Principles: Despite changes in mediums and societal norms, the fundamental essence of comedy as an art form remains constant.

Fox concludes, “Ultimately, people are doing the same things. … what changes is like the part of their brains where the magic happens and comedy is produced” ([53:17]).

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4. Link Between Sunlight and Pancreatic Cancer

[53:51 - 55:44]

Mike Carruthers shares recent research from UC San Diego that uncovers a significant correlation between sunlight exposure and the incidence of pancreatic cancer.

• Study Findings: Individuals in sunny regions near the equator have a sixfold lower incidence rate of pancreatic cancer compared to those in areas with weak sunlight.
• Vitamin D Deficiency: The research suggests that insufficient sunlight leads to vitamin D deficiency, a potential risk factor for pancreatic cancer.

Mike summarizes, “While you can get vitamin D from your diet, experts say most people also require additional vitamin D to be produced by the body when skin is directly exposed to sunlight” ([54:50]).

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Conclusion

In this multifaceted episode, Mike Carruthers successfully weaves together complex narratives about Apple's business strategies and deep dives into the essence of comedy, all while providing listeners with valuable life insights. Through engaging interviews and expert analysis, the episode underscores how seemingly disparate topics can offer profound knowledge and understanding.

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Notable Quotes:

• Patrick Magee on China's Role: “Beijing was allowing Apple to exploit workers in China so that China could in turn exploit Apple” ([23:10]).
• Magee on App Store Revenue: “Apple earns about 85% of industry revenue for smartphones globally” ([28:44]).
• Jesse David Fox on Laughter: “Laughter is essentially a form of communication. It is a social phenomenon” ([36:20]).
• Fox on Successful Comedians: “The comedians who are really successful represent a feeling of trust, represent a feeling of friendship” ([40:27]).
• Fox on Comedy's Future: “Ultimately, people are doing the same things. … what changes is like the part of their brains where the magic happens and comedy is produced” ([53:17]).

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This comprehensive summary encapsulates the key discussions, insights, and conclusions from the episode, offering a detailed overview for those who haven't listened.

Transcript

[Mike Carruthers]

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[Patrick Magee]

Really the money is in the App Store. So anytime you buy a digital app, Apple's taking 30%. And then you've things like Google pays Apple $20 billion a year just to have Google the default search engine on every iPhone.

[Mike Carruthers]

Also the interesting link between sunshine and pancreatic cancer and laughter. What is it that makes something funny? And why do we enjoy comedy?

[Jesse David Fox]

We have comedy because of an evolutionary need to laugh. We laugh probably for the same reasons primates laugh and other animals laugh. Comedy is essentially an outgrowth of that and that has evolved as a way for society to essentially the tensions of existence.

[Mike Carruthers]

All this today on something you should know. I know a lot of business people listen to this podcast because I hear from them on LinkedIn or in emails. And if you're one of those people, there always comes that day when you have to hire someone which I've had to do as well. And it's tough. Usually you need someone right away. You want to hire the right person. But how do you determine that? Which is why I've come to discover that when it comes to hiring, Indeed is all you need. Indeed has something called Sponsored Jobs. With Sponsored Jobs, your post jumps right to the top of the page for your relevant candidates so you can reach the people you want faster. And it makes a huge difference. According to Indeed data, Sponsored Jobs posted directly on indeed have 45% more applications than non sponsored jobs. And that's what you want. More applications from relevant, qualified candidates. Indeed works. In fact, in the minute I've been Talking to you, 23 hires were made on Indeed, according to Indeed Data worldwide. Look, there's no need to wait any longer. Speed up your hiring right now with Indeed and listeners of this show will get a $75 sponsor job credit to get your jobs more visibility@ Indeed.com something just go to Indeed.com something right now and support our show by saying you heard about Indeed on this podcast. Indeed.com something terms and conditions apply. Hiring Indeed is all you need. Something you should know, fascinating intel, the.

[Jesse David Fox]

World'S top experts, and practical advice you.

[Mike Carruthers]

Can use in your life today. Something you should know with Mike Kirk. You know, I keep meaning to remind you that we have, unless you're listening to an ad free version of this podcast, we have, as you will notice, great sponsors, people we work with closely and vet their products and services and feel very good about them. And I keep meaning to remind you that there are in the show notes for every episode are the promo codes that you can use if you hear a sponsor that sounds interesting and believe me, they're all interesting. And often they have a promo code where you get a better deal. And those promo codes are always in the show notes. They're on a website, so you can always take advantage of them. And I hope you do. Hi, welcome to this episode of Something youg Should Know. First up, admit it. You have pumped gas in your car. After the pump clicks off, you just want to squeeze out those last few drops to fill up the tank as much as possible. Well, it's a bad idea. It's a bad idea for your wallet, your car, and the environment. First of all, it can spill gasoline onto the ground, which is bad news for the environment because that gasoline has to go somewhere. But topping off damages the Onboard Refueling Vapor Recovery System. It's a charcoal canister that collects potentially harmful fuel vapor during the refueling process and then absorbs it using activated carbon. When you saturate those filters by overfilling your tank, that can lead to poor performance damage to the vehicle. The check engine light will come on and then you get stuck with totally avoidable repairs. Also, gas stations are equipped with vapor recovery systems that recover gas that you pump in after the automatic shutoff goes on and that goes back into the gas station's tank. So remember, topping off means you're paying for gas that's going back to the gas station. So for all those reasons, when the pump clicks off by itself, avoid that temptation to squeeze out just a few more drops. And that is something you should know. There is a 5050 chance here in the US anyway. There's a 5050 chance that your smartphone is an Apple iPhone and or maybe you have an Apple computer or an Apple watch or something. Apple Apple is a big company. They make a lot of things. They have an almost cult like following. Your iPhone, if you have one, was most likely made or assembled in China. Almost all Apple products are made and assembled in China. IPhones, iPads, and many MacBooks are assembled. There are some of it is done in India and Vietnam and here in the US But China is the big player. We are about to take a very interesting and very different look at Apple than you have ever heard before with Patrick Magee. He was the Financial Times principal Apple reporter from 2019 to 2023. Previously he was a reporter at the Wall Street Journal and he's written a book called Apple in China the Capture of the World's Greatest Company. Hi Patrick, thanks for coming on Something youg Should Know.

[Patrick Magee]

Thanks so much, Mike.

[Mike Carruthers]

So you could probably take three hours to answer this question, but I'm hoping you don't. What is Apple? What makes Apple Apple? Why is it such this shiny thing on the Hill that everybody bows to? What is it about Apple?

[Patrick Magee]

I love that question. Okay, so nuanced answer. On the one hand, you could say China makes Apple Apple. I mean, there is no country on the planet remotely capable of offering the same combination of cost, quantity, skill, expertise to make a quarter billion iPhones a year, let alone every other device. The nuanced answer is that China is capable of that because China has been the sole recipient of Apple's huge investment over the last 25 years in making those technologies possible. So China isn't just the world leader in a world's electronics, it's the world leader because Apple taught them how to do that over an investment period that's so consequential. I compare it to A geopolitical event like the fall of the Berlin Wall. But it's one we don't know about because where all the action was happening, China, there's a censored media landscape and all the main actors on the Apple side are strict by stricken by NDA. So they can't really talk about what they've been doing.

[Mike Carruthers]

Well, that certainly brings up a lot of questions. But before I ask those about China, let's go back further to the beginning of what made Apple Apple. And a lot of people point to Steve Jobs as the reason he is the driving force of that company, or was. Do you buy that?

[Patrick Magee]

Absolutely. Apple is founded in 1976 by two guys named Steve in a garage. And the ethos at the time is that you build your own computers. And so Apple sets up factories in places like California and In the early 1980s, some Singapore and Ireland, because at a sort of continental level they want to have local production. IBM really upends the game in 1981 when they invent the IBM PC. And then the PC clone industry of course totally follows in their footsteps. And there's nothing special about the IBM PC in terms of what it can do for you. The usability, like any of the things that Steve Jobs loved, what they did is they sort of declared war on Apple and others through, let's say the mundane business things, logistics, manufacturing, distribution. And so all these sort of boring things that Steve Jobs didn't necessarily care about became foundational for bringing PCs to an affordable price and relying on sort of an emerging global interchangeable part supply chain that very much is first founded in places like Japan, South Korea and Taiwan. And then by the time Apple is adopting this strategy out of sheer desperation in 1996, China is just beginning to become a major player. So that's the sort of quick and dirty history. And we can go into any more detail as you'd like.

[Mike Carruthers]

But originally Apple was a personal computer company. That's what their first product was, was selling personal computers. Yeah.

[Patrick Magee]

Yep.

[Mike Carruthers]

And they were made here, were they not?

[Patrick Magee]

Any Mac that you would have bought in the 1980s and for most of the 1990s, if you bought it in America, it was made here. If you bought it in Europe, it was made in Ireland, if you bought it in Asia, it was made in.

[Mike Carruthers]

Singapore by Apple, by Apple, not contracted out. That all changed when.

[Patrick Magee]

So this is a bit of history that nobody really knows. In 1996, a year before Steve Jobs comes, Steve Jobs comes back from a 12 year exile to save the company. Apple is in Crisis, near bankruptcy. They hired a Chapter 11 bankruptcy lawyer and they were days away from not being able to meet payroll. At the time they had 13,000 employees and they had so little cash that it wasn't going to be to happen. So they had to sell a computer factory they owned in Colorado, Downton, Colorado. And that gives them about $200 million and buys them a little bit of time. And in the next months they're able to renegotiate some loans with Japanese lenders. They are able to sell about $600 million in an oversubscribed bond sale. And you know, they haven't fixed anything in terms of having a hit product. But in the wake of Windows 95 sort of dominating the landscape, they've at least bought themselves a little bit of time. And so the CEO at the time is, is a guy named Gil Amelio. He only lasts 500 days. He's always been considered the wrong guy for the job. And I think he was, he wasn't very charismatic, he wasn't a product guy. But he did three major things. One is the selling of the Colorado fountain factory because that initiates a global outsourcing strategy. So for the first time Apple for its computers begins making them through contract manufacturers, which is a big savings. It's financially goes through the bond maneuvers that I just mentioned. And the third most important thing is he realizes the software operating system needs a massive reboot. And through that he brings back Steve Jobs by acquiring Next Computer, the Jobs owned company that was really itself on the brink. And yet there was a perfect match made in heaven between Apple and Next.

[Mike Carruthers]

I don't know anyone that has the insight you do into this. And I've always wondered, and there are plenty of companies that do things and build stuff in China and have a history and all that, but there's something about Apple that, that just is so, I don't know, untouchable. So magnificent. So in so many people's eyes, I mean how many other companies do people line up outside the store for, I don't know, days to, to get a watch? I mean, it's just.

[Jesse David Fox]

It.

[Mike Carruthers]

What is that?

[Patrick Magee]

Absolutely. So I like to ask people, what was your favorite Dell computer from the early 2000s?

[Mike Carruthers]

Right.

[Patrick Magee]

You can't even name one. Whereas we could have a real argument for, you know, an hour about whether the G4C, this like amazing cube shaped computer was the best. Was it, was it the candy colored imac, you know, was it the tangerine colored imac? Was it the sunflower imac that looked like A sunflower and sort of had like an anthropomorphic feel to it. I mean Apple was just doing designs that nobody else was even contemplating. It's not like HP was coming up with designs and we didn't like them. They just didn't even care about design. So I make this big distinction because Apple is actually kind of late in terms of going to China. Everybody's doing it at that, at that stage and they don't really consolidate into China until 2003. I think that's a fair bit later than people think. So the candy colored imac for instance. And really nobody knows this. It was built by LG in South Korea. And when it was a big success, LG set up factories in Mexicali, Mexico and Wales of all places. Foxconn, a company people associate with Apple then comes on board. But they don't just sort of consolidate everything into China, they build it in China, in the Czech Republic and in Fullerton, California. So the distinction I would make is Dell, hp, the PC clones, they're all moving to China because of what is possible. I'm sorry, I'm sorry, sorry. What is available there. And Apple is moving because of what's possible. What they realize is that Jony I've the chief designer can come up with anything. And armies of abundant and cheap laborers in China will work on a conveyor belt assembly system to conjure it into reality in massive scale and at fat margins. So everybody's going there for cost savings. Apple is moving to China for unconstrained design possibilities. The cost savings are there, they're baked in, but they're not the primary reason.

[Mike Carruthers]

That's a very different, two very different ways of getting there, isn't it?

[Patrick Magee]

Oh, I think it's, I mean it's absolutely instrumental to the company. So when Steve Jobs come back, comes back, he doesn't know who Jony I've is. That's not someone he hires. Johnny I've already there. The first time they meet. Steve Jobs plans on firing him. And Jony I've has his own resignation letter in his pocket. Instead they completely hit it off. And what Steve Jobs recognizes is that Jony I've is a brilliant designer. But he maybe at the time wasn't a brilliant communicator of his own worth. So the rest of the company, the higher ups before Steve Jobs came on, never really allowed him to go wild with his designs. So they were creating pretty boring computers in 1997. And Steve Jobs realizes the potential of what Jony I've is capable of. And that's where the imac comes out. And that really is the product that saves the company. Now they're still in crisis multiple years later because of the dot com boom and some other items. And then you could say the ipod is the company that really saves them. And of course that leads to the iPhone. But at the time it certainly was the case that Apple was going to go under if the imac wasn't a hit and it becomes America's best selling computer.

[Mike Carruthers]

We're talking about Apple, its incredible success and its relationship to China. My guest is Patrick Magee, author of the book Apple in the Capture of the World's Greatest Company. We had a guest on a while ago, I'll never forget. He talked about how much plastic we all consume and the estimate is about a credit card's worth of plastic per week. Now that plastic comes from a lot of sources and a big one is, is the cookware we use as well as cutting boards and food storage containers. Now we have converted to caraway cookware in our house. I've gotten rid of all my nonstick cookware because it's that coating that's part of the problem. In fact, two and a half minutes is all it takes before a non stick pan overheats and releases toxins. And who wants that? And there have been some wonderful unintended consequences to this shift to caraway cookware. First of all, it's very nonstick, but not from toxic chemicals. It cooks evenly. It's gorgeous cookware comes in different colors that will look great in your kitchen. And the big payoff has been how much money we save because we cook more meals at home than we used to. Believe me, you will love cooking with this cookware. And just as a reminder, their iconic cookware set comes with saute pan, fry pan, Dutch oven and saucepan, plus lids for everything, a canvas lid holder and magnetic pan rack for storage. It's the ultimate kitchen setup and it will save you money versus buying the items individually. Plus, if you visit Carawayhome.comSYSK you can take an additional 10% off your next purchase. This deal is exclusive for our listeners, so visit carawayhome.comSYSK or use code sysk at checkout. Caraway Non Toxic Cookware Made Modern I am definitely not a big clothes shopper and probably like you, I've bought clothes online that were disappointing. But I have a very different experience with quince and I've come to find out that so many people I know shop quince. So far I'VE gotten a couple of shirts and sweaters from Quince and, well, you'll know what I mean when I say this. Every time I get something new from Quince, it goes right to the top of the rotation. My Quince clothes are my go to clothes. If you don't know Quince, you are going to love their website. Quince has all the things you actually want to wear, like organic cotton silk polos like the ones I have, European linen beach shorts, pants for every occasion. Really nice pants. And here is the very best part. Everything at Quint's is priced 50 to 80% less than what you'd find at similar brands. You see, by working directly with top artisans and cutting out the middlemen, Quint's gives you luxury pieces without those big markups. I've really been amazed at how many people tell me they shop at Quint's. It's become like the place to go to buy clothes. Elevate your closet with quince. Go to quince.com sysk for free shipping on your order and 365 day returns. That's Q-U-I-N-C-E.com sysk to get free shipping and 365 day returns. Quince.com sysk so Patrick, Apple has this customer loyalty, customer, fan, customer. I don't know what you call it. Was that by Cult? Yeah, it's Cult. Like is that by design? Did they work at that or is that a byproduct of all this other stuff you're talking about?

[Patrick Magee]

Oh, that's a great question. No, I would say that's in the DNA of Steve Jobs because there's a time in the early 80s when the apple II is doing incredibly well and Steve Jobs is upset that all these third party companies are making money off of what he thinks of as his creation. Right. So Apple does things like the os, but it's not the company making Lotus Writer, if you can remember an app like that. And so Steve Jobs is ambivalent at best about this relationship where Apple is sort of the platform and then you've got software companies making money off selling the software, you know, the real features, the killer apps that you actually use the computer for as well as hardware. I mean, I mean if Apple comes out with a computer, people making keyboards, people making speakers, all sorts of hardware peripherals begin to make money. And Steve Jobs is always ambivalent about that, including when the iPhone is built. Because it's everybody else at Apple who thinks we need to have an app store. And Steve Jobs, at least in the early stages, basically wants to have very few external apps. Google Maps was one of the early ones. But he wanted Apple to control that ecosystem. So the control of software and hardware and services is totally integral to Apple today. And it has been since the founding days in a garage. And that really is the DNA of Steve Jobs.

[Mike Carruthers]

And according to the legend, and maybe it's just legend, or maybe it is so, and you would probably know Steve Jobs is the heart and soul of Apple, that he is Apple, absolutely.

[Patrick Magee]

And the company without him basically lost its innovative spirit, lost its soul, if you will. It's raison d' etre. And by 1996 it is nearly totally failed. And the reason it survives is Gil Amelio brings back Steve Jobs. And what I think reporters, media analysts have totally missed is that there's too much history of Apple product design, product marketing, how the things work, you know, product reviews. And we've completely ignored how Apple makes its products. And that is so foundational to its success that when Steve Jobs dies, who gets made CEO, the head of operations. So the company knows better than anybody else that what they're capable of in China is the defining feature that allows the company to become a $3 trillion company today. And yet I think we in the media have totally failed to understand this narrative. And so what I sort of flip on its head is that Apple wasn't just exploiting workers in China. Beijing was allowing Apple to exploit workers in China so that China could in turn exploit Apple.

[Mike Carruthers]

I mean, I get Apple's a big company and they make a lot of things and they have stores in lots of nice malls and whatnot. They're so big because of what?

[Patrick Magee]

Well, the genius of Steve Jobs and Jony I've is what made Apple products unique. But it's the genius of Tim Cook and Terry Guo, the founder of Foxconn, that made Apple products so ubiquitous. So when Steve jobs dies in 2011, having Tim Cook become the CEO is sort of a decade long signal that we don't really need to be building another device that comes after the iPhone. We just need to take our existing creations, iPhone, MacBook, iPad, and scale them globally, ship them globally. So you know, something like the iPhone goes from fewer than 5 million units in 2007 to 230 million units by 2015. These are the annual figures, right? So scale is the hidden force, the, you know, the unheralded secret sauce of Apple. But 90% of it is all in China.

[Mike Carruthers]

But Apple is worth so much money because of electronic devices that it sells. Is it any other business? I mean, because people will tell you McDonald's doesn't make money off hamburgers. They make money off the real estate that the restaurants are on. Is there kind of a similar formula or. Apple is what it is. It's selling phones and computers, and that's why we make so much money.

[Patrick Magee]

So more than 50% of revenue is the iPhone alone. And then when you add in the other hardware products that we can all name and recognize, from AirPods to Macs, that gets towards 75 to 80%. And the remaining 20% is a fairly new development, and that's called services. Now, they're important because when Apple sells hardware, it's making about 35% gross margin, which is to say, if someone spends $100 on some Apple products, Apple takes $35 as profit. That's already really high. Services, they make 75% profit. Now, some of the services you would think you would know, which is like Apple music, you know, the fitness offerings that they have, Apple News, that's. That's almost. Almost none of it, really. The. The money is in the App Store. So anytime you buy a digital app through any. Through, you know, through the App Store, that has, I think, 2 million apps, Apple's taking 15, but more usually 30%. And then you've got things like Google pays Apple $20 billion a year. Basically, this is pure profit, just to have Google, the default search engine on every iPhone, and there are, I think, 1.3 billion iPhones existing in the wild. So it's all about the iPhone, even if not all the money is coming from hardware revenue. It's software revenue that's generated off of the iPhone.

[Mike Carruthers]

So where's Apple headed? And is AI like a thing for Apple? Is that like a big shiny thing that object to look at for them or they're making phones and computers?

[Patrick Magee]

No, it should be, but they're flailing. I mean, they're basically dealing with a lawsuit right now because last June, they introduced a bunch of AI features. I don't mean introduced in terms of. In a product. I mean, they showed off what they would have, and they were supposed to have some of them by September. So for the new iPhone 16. And then basically all of what they showed was supposed to be available within a few months. Now we're in May, and the features still don't exist. So they were telling you to go buy the new phone with Apple Intelligence. That's Apple's version of AI for features that don't exist and won't exist. For at least another few months and possibly up to a year. So they're not really doing well in the AI race. However, they have the hardware and the software and the operating system all in the one device. Right? So if I say to ChatGPT, Hey, ChatGPT, go into my email and figure out what my mom told me last week and remind me what that Was or whatever, ChatGPT is not allowed to do that. Right. It's not allowed to leave its own app, as it were, and search your phone for information. Siri is allowed to do that. So even though Apple's behind in the AI race, it has an ability that it will not give to any other customers because. Or any other competitors because Apple can say for privacy reasons, we're not going to allow any apps to go through your own personal data. But Siri basically already has that access.

[Mike Carruthers]

Wow, I hadn't thought of that. But that's. That, that's pretty amazing. I mean, that's, that's quite a. That's quite a leg up.

[Patrick Magee]

Yeah, I mean, it's a monopoly, but not necessarily an illegal monopoly. I mean, they own the operating system and they have for a long time, so they can do things with the operating system that nobody else can do. You know, to give a couple other examples of this, if you want to do wireless payment, you have to use Apple pay. There are other digital wallets, but they're not allowed on the iPhone.

[Mike Carruthers]

Well, that seems like a monopoly, doesn't it? Well, well, only if you have an Apple phone, though. If you don't have an Apple phone, maybe you can use those other apps, right?

[Patrick Magee]

Yeah. So look, I've never thought the antitrust argument against Apple is very good, but people that complain about this, you know, legally or just on, you know, a social media platform will, will sort of define the market as the 1.3 billion iPhones. Right. Whereas when Apple would define the market, they would define it as the existing world of smartphones. And in that sense, they only have a 20% market share. I actually, I think that's a pretty reasonable defense.

[Mike Carruthers]

Well, that surprises me. And I had read that somewhere recently that, that Apple's share of, of smartphones is a lot smaller than I think most people believe.

[Patrick Magee]

Yeah, it is 50% in America, but that's its biggest market. It has never been more than 20% globally. But here's the craziest statistic, and I promise you some crazy statistics. Apple earns about 85% of industry revenue for smartphones globally. So find me another industry where a minority player commands virtually all the profits in the whole industry.

[Mike Carruthers]

What I find so astonishing from the things you say and write about, that Apple has been in China for so long doing so much that Apple has changed China and that Apple has been training people to make electronics in China so well that now China makes really good electronics themselves that are not Apple electronics.

[Patrick Magee]

Apple has been providing China training for so long that it is not clear the Chinese industry there still needs Apple. So what I would point to is that if you're able to get your phones on the. Sorry, if you're able to get your hands on the latest Huawei Oppo Vivo phones, you will be holding in your hands, phones that are better made than what Apple currently does. Now, again, that might sound a little bit nuts, and you can't buy these phones for the most part in America, but for instance, the Huawei Mate XT is a phone that is a little bit thicker than an iPhone, but it unfolds twice into a 10.2-inch tablet, which is the standard size of an iPad. Apple's supposed to have something like that in 2027.

[Mike Carruthers]

Well, this is quite a story, the relationship between Apple and China that, as you point out, hasn't been written about or talked about much. Patrick McGee has been my guest. He is author of a book called Apple in China, the Capture of the World's Greatest Company. And there's a link to his book at Amazon in the show notes. Patrick, thanks for coming on and telling this story.

[Patrick Magee]

All right, thanks, Mike.

[Mike Carruthers]

We have a new sponsor and I'm really glad the timing is critical. Rocket Money. I use Rocket Money because, well, look, everything's getting expensive and, well, you know, as I do that, a lot of money, I mean, you're not really sure where it went, but it's gone now. And this is what's so great about Rocket Money. Rocket Money is a personal finance app that helps find and cancel your unwanted subscriptions. It monitors your spending and it helps you lower your bills so you can grow your savings. And you might say, well, how can they lower my bills? Well, when I first signed up, Rocket Money sent me this notification that they, not me, they could see if they could get me a better deal on car insurance. And for the bills you have, will they automatically scan your bills to find opportunities to save? Then you can ask them to go negotiate for you. They'll deal with customer service so you don't have to. If there's a subscription you don't want anymore, they'll cancel it so you don't have to. That's worth it right there for me because I hate dealing with customer service. Rocket Money has over 5 million users and has saved a total of $500 million in canceled subscriptions, saving members up to $740 a year when they use all of the app's premium features. Cancel your unwanted subscriptions and reach your financial goals faster with Rocket Money. Go to RocketMoney.com something today. That's RocketMoney.com something RocketMoney.com something here is a dilemma that we have faced in our house. We don't always have time to cook or want to cook. Eating out has gotten so expensive. And fast food? That's no bargain either. Plus, it's fast food. We solve this dilemma with Factor. We love Factor Meals. Factor Meals are freshly prepared restaurant quality meals. Full meals delivered to you that you just heat for 2 minutes and serve. There are 45 weekly menu options to choose from. And as a Factor Meal Eating veteran, I do two things. First, I always make sure to choose some of the meals with sauces because for some reason their sauces are spectacular. And the other thing we do is we always take the food out of the container it came in and put it on nice plates. When you do that, you swear you are eating a restaurant quality meal. Ginger teriyaki salmon truffle butter filet mignon Sweet and smoky barbecued grilled chicken. I'm telling you, Factor meals are so good. Cheaper than going out. It's better than fast food. Just try it once and you will solve the there's nothing for dinner problem once and for all. And here's a significant discount just to try it. Get [e-mail] something 50 off and use code something50OFF to get 50% off plus free shipping on your first box. That's code [e-mail] something50OFF for 50% off plus free shipping. And that promo code is in the show notes. Who doesn't like to laugh? Laughter brings us a sense of joy and happiness, even if it's only for a few moments. It is so pleasurable and it connects us with other people. We like people who can make us laugh. And we like to laugh so much that we seek out comedy to make us laugh more, to force that feeling because it feels so good. What is comedy? Is it magic? Is it an art form? What makes something funny? And what makes some people funnier than others? Well, here to delve into this is Jesse David Fox. He's senior editor and comedy critic at Vulture. He hosts the podcast Good One where he interviews comedians about their comedy process. And he's author of a book called Comedy How Comedy Conquered Culture and the Magic that Makes It Work. Hey, Jesse. Welcome.

[Jesse David Fox]

Oh, thanks so much for having me.

[Mike Carruthers]

Hey, so why do we have comedy? Do we know? What itch? Does it scratch? What does it do for us? Why is it we have comedy?

[Jesse David Fox]

Because of an evolutionary need to laugh that existed before humans existed. Laugh probably for the same reasons primates laugh and other animals laugh, which is a sort of way of communicating. You're in a playful state and a way for relieving tension in specific moments. You know, if you're. You're play fighting with another gorilla, you're a gorilla in this example, you're playing fighting with another gorilla. You would laugh to be like, we're having fun here. Comedy is essentially an outgrowth of that, and that has evolved as a way for. For society to essentially relieve the tensions of existence.

[Mike Carruthers]

One of the things about it that I have always found fascinating is how you could sit alone in a room and watch a movie or, you know, something really funny and not laugh much. But it's when other people are with you that it becomes a collective laugh that. That makes it funnier.

[Jesse David Fox]

So, yeah, I mean, it truly is like laughter is essentially a form of communication. It is a social phenomenon. Henri Bergson, in his very influential book about the. You know, about comedy theory, it's called Laughter An Essay on the Meaning of the Comic, he talks about how our laughter is always the laughter of a group, that our laughter needs an echo. We need the state of being with other people to really feel the need to communicate. Laughter opposed to just sort of, like, appreciate that comedy is happening.

[Mike Carruthers]

Do we know? I mean, obviously things have probably been funny for as long as people have been around, but when it actually kind of became a thing like, this is.

[Jesse David Fox]

Comedy, it essentially started happening before people realized that's what it was like. Obviously, there have been comedic plays, and in many ways, what we think of comedy somewhat outgrew that and somewhat outgrew of minstrel shows in the 19th, 19th century. But really what we think of comedy as a distinct art form, opposed to comedy as people being on stage telling stock jokes, that everyone has really started happening in the way that we think of it in the 1950s, where comedians were taking more ownership and more authorship over the material they were doing, and the audience was expecting that they were going to hear and see the. The perspective of the specific comedian. And though it's unclear when the actual term stand up started, people are essentially Doing something then closer to what we think of where before that time period though, people were telling jokes. It feels like almost like a different thing and more like an outgrowth of the fact that people in general tell jokes.

[Mike Carruthers]

Comedy, it seems to me, because you can look back at an old. Comedy has gotten so much more sophisticated and, or at least it evolves because you can look back at stuff from the 50s and 60s and it's just not funny. But it was then, but it's not now.

[Jesse David Fox]

Comedy is so context dependent in ways that's almost hard to understand because, you know, in some ways you see a person standing on stage, it's like, well, how could anyone ever have thought this is, this was funny? But you know, a lot of these jokes demand a sort of connection between the comedian and the audience of at the time. And they're sort of talking the same language and they're pulling from same reference points. And that is essentially what creates what we think of as funny. It is a sort of a relationship between the comedy being created and the audience. When you're watching it now, you do not have that same relationship, so you don't sort of feel the same way towards the comedian on stage that they didn't. And we are so used to, as you said, more sophisticated, but, you know, often faster, in some ways less broad forms of comedy and then societal norms change. Right? So it's like there's lots of people like to say, like, oh, you can't say that anymore. And yeah, of course, like you just wouldn't say a thing that people have already been saying. But like language evolves and comedians evolve and we sort of are, we want our comedians to sort of really reflect the world that we're living in. And that's the beauty of the car, you know, then that's the beauty of the art form is its ability to reflect the moment we're living in. But the negative of that is, you know, when you're no longer in the moment, it does not hit the same way.

[Mike Carruthers]

This might be an impossible question to answer, but give it a shot. Sure, there are lots of really good comedians, lots of very funny people. But then there are these standouts, Richard Pryor, Jerry Seinfeld, Jay Leno, people that just seem to be head and shoulders above everybody else, at least in terms of their success, maybe not in terms of their funny. But why do you suppose, what is it about them that catapults them higher than others?

[Jesse David Fox]

I subscribe to a theory of comedy called play theory, which is essentially comedy outgrowth, is an outgrowth of our desire to sort of play. Play with language, play with other people. And. And so, as a result, the relationship a comedian is able to create with its audience is that of essentially a friendship. It's not the exact same thing, but the way you laugh with your friends, the comedian essentially is able to artificially create that same bond. And the comedians who are really successful represent a feeling of trust, represent a feeling of friendship. They feel like that's how I would talk if I was able to be a comedian. These are the types of insights that I'm trying to think about myself. And usually the sort of biggest comedians really represent about something that's happening in that culture at that exact moment and really speak to it in almost an acute way. And then people go to them for that specific service. And it's like, you know, Jerry Seinfeld's example was sort of like his focus on sort of mundane objects was. It was a time where people were processing, like, the moment in civilization or moment in our society where we were thinking about commercialization and. And mass production and focusing a little bit more on the products that are now part of our life. And Jerry sort of spoke to that moment. Now, there were other comedians doing observational comedy at the time Jerry became popular. But clearly there just is some sort of special thing about how his brain processed it.

[Mike Carruthers]

You know, I remember I did stand up years ago for a little while, and never. I couldn't stand the lifestyle of that, but it was fun. And I became somewhat of a student of it. And I remember seeing Jerry Seinfeld and Jay Leno in concert at a club, and I was so impressed by how yet it looks so easy, and yet there is such a rhythm and an art form and a science to it that you walk out of there and your stomach hurts, and. And they do it in a way where you're laughing, and then they give you a little break, and then you're laughing again, and then you get a little break. And it kind of jumped out at me as I witnessed it and realized there is a real. To the guys who are at the top. There is such a science to it as well as art. That just floors me. I mean, it is so enjoyable to watch.

[Jesse David Fox]

Yeah. I mean, especially those guys are seeing the sort of science of it in particular, and really thinking about how to maximize impact of the material they have. And I think how Jerry sees is essentially, it's. You're having a conversation, but you're the only one talking. Right. And that is very, very specific to sort of the American style, which is more conversational. So what he's able to do is, is B, make it feel like you're talking to the audience and that you're talking with the audience, but have things that are so prepared, but never lose the illusion that is being made up on the spot. It is actually one of the more complicated things for any comedian really to do is to convey that this is the first time you're saying something that you clearly have had to have said, like, over and over again for 10 years. It's, you know, it's almost like a performance thing, which is, like, you have to be able to, like an actor, be attached to the truth of the joke when you wrote it, and you have to be able to convey that sort of fun to the audience. And then also think about, like, okay, like a pollster, like a statistician, like a scientist. You clock the reception. You then think about, is there a way to get the reception a little bit more, a little bit less? You. Then I'm sure Jerry Seinfeld, I don't know if he will literally do this, but I'm sure when he puts together a set, his brain has an image that's almost like a sound wave of, like, it's going to go like this. And it's like, I should do a longer joke here because the audience might be exhausted from laughing too much Talk about political correctness.

[Mike Carruthers]

And it seems like. And there were complaints about how that was having a real dampening effect on comedy that you couldn't talk about things you used to be able to talk about because someone might get offended.

[Jesse David Fox]

I push back on the idea a bit. I understand the argument for talking about certain subjects. One, comedy is a place you can do that. So to deprive comedy of that does seem like a disservice. Also, it is freeing to be in a space where there is not the. The sort of tightness that, you know, we experience in the rest of our lives. That said, you know, if political correctness is hampering comedy right now or the last 10, 15 years, no one mentioned that to comedians and comedy audiences. In so much as it's never been more popular, there's never been more comedians of more types having more success than right now, the time where people are hypothetically too sensitive. That said, language evolves. There are so many words that we do not say that were said 50 years ago. They're not all offensive words. You know, people. If a comedian started calling marijuana grass on stage, the audience would not like it now, and they Call marijuana grass.

[Mike Carruthers]

Sure.

[Jesse David Fox]

It just will date the comedian. Ultimately, I go back to this, which is the idea that, like, you know, some people complain about audiences being too sensitive, but as a person who really wants to push comedy as an art form and to both make it grow as an art form and to even convey to people that it is an art form that demands an audience that is invested, that is sensitive, that cares about the quality of it. If you're a good enough comedian, it's not a problem. The biggest comedians, the world, generally say what they're trying to say, and if they can't get the audience on board with it, that is not the audience's fault. The job of the comedian is to figure out how to communicate what they want to say in a way in which the audience will receive it. If you are saying in a way and the audience does not receive it, then that is a failure of doing the job, of communicating, of doing the job as an artist.

[Mike Carruthers]

What about the business of comedy? And what I mean is that comedy clubs seemed to be really big in the 80s, and then it seemed to kind of fade away a little bit. I mean, there's always been comedy clubs since then, but it was big in the 80s and then it kind of died off. But you had mentioned earlier that there are more comedians today, so where is the business generally?

[Jesse David Fox]

The comedy boom of that really peaked in the 80s, petered out sometime in the sort of mid-90s, and there's a variety of reasons for it. There was a lot of comedy clubs that did not necessarily have the highest standards in terms of who they're putting on stage. And you had an audience who kind of was just going to whatever comedy club was around because comedy was kind of a hot new thing to do to go to comedy clubs in that way. The comedy club was still a fairly recent phenomenon, so that sort of petered out. And then through the course of the 90s and the aughts, a new type of relationship was gonna. Was being developed between the comedian and the audience. And then that was supercharged by podcasting and social media, which is. More and more audiences are going to see a comedian they want to see. They are not just going to consume comedy because it's Friday night. And they're not just going to consume comedy because they're home from work and they want to laugh. So they'll just put on Comedy Central and whatever is there, they'll watch. And instead you have something which is more. You're going to see specific people do specific type of comedy that you already like and you've already become invested into them as a comedian. You're already familiar with your work, you've been following how they're tour has developed on social media in one way or the other. And it's been huge for comedy clubs because comedy clubs were really kind of just passively hoping people would just show up because it's Friday night and they wanted to see comedy or more. So comedy clubs were reliant on giving away free tickets in spaces near them, hoping people will show up and then buy alcohol, not caring about ticket sales and not caring about if the comedian has a good experience. So it's, it's been really exciting because you're having comedy fans in a different way that has ever existed. And it's been really great for the business. And then you see it grow and grow to a point where, you know, before 1990, I think, you know, the amount of comedians who played Madison Square Garden was so limited. And then now it is a regular place for a lot of comedians to play or, or a lot of different types of comedians to play. And then you just go down to Radio City. So many different comedians can play Radio City Music hall, which is a 5,000 seat venue, Chicago Theater, which is, I think a 3,000 whatever seat venue. And that's because comedians now have their own fans that are also fans of company. But that re shapes the business. And I think that is ultimately for the better because in the previous model you essentially had all audiences hoping all comedians essentially do whatever they think comedy is. And the comedians essentially in a service industry of providing the idea of stand up comedy to these people. And now it's different. Now they're much more like artists where people are coming to see their perspective, point of view, or their, their way in which they express themselves and for really all types of standup comedy. But this is also the case for some sketch comedians and people whose podcasting is sort of the main medium which they express themselves. There is just like a, a much deeper, more thoughtful relationship in terms of what the audience expects from the comedians they follow.

[Mike Carruthers]

What do you think the future of comedy is? I mean, it's clearly evolved and changed and, and of course, predicting the future is a pretty iffy business. But, but take a stab at it. What do you, where do you think it's going?

[Jesse David Fox]

Sure, yeah. You know, the thing about comedy is it's so adapted to new technologies. So in some ways you're asking me, where do I see the future of technology and clearly what will have to develop over the next 10, 15 years is how comedians could have social video or video careers that then builds into something more robust in terms of the live experience. I think what has happened currently is with new technologies in terms of Instagram, video and tick tock, comedians are figuring out how to sort of game the system, how to create content out of the live space. As technology develops, I think comedians will sort of learn how to be true with honoring the live moment and being present, alive moment, but also understanding that a sort of parallel career will exist online in some way. But like ultimately, you know, as I said, there was a stand up comedy boom in the 1980s and then, and I think 2009, I said there's a sort of second comedy boom. And the truth is that is 16 years ago. It's hard to argue something is a boom when it is been going for 16 years and not slowing down. And then you see the tremendous influence comedians are having. More so than I ever imagined even when I wrote the book a couple of years ago. And yet it will kind of look the same. It still will be a person on stage with a stool and a microphone and a glass of water, or improv is still a group of people and four chairs on stage. And that's like what I go back to. It's like all these things change and language changes, but like ultimately people are doing the same things. And like what changes is like the part of their brains where the magic happens and comedy is produced.

[Mike Carruthers]

Well, as much as I enjoy looking at and dissecting the elements of comedy, sometimes I really don't want to do that. I just want to enjoy it. Like you can look at it too closely and sometimes it's just fun to laugh. I've been speaking with Jesse David Fox. He is a senior editor and comedy critic at Vulture. His podcast is called Good One and the name of his book is Comedy Book How Comedy Conquered Culture and the Magic that Makes It Work. And there's a link to his book in the show notes. Jesse, thanks for coming on here today.

[Jesse David Fox]

Oh, thank you so much. It was a real pleasure.

[Mike Carruthers]

All cancer is scary, and pancreatic cancer is really scary. One big reason is that people often don't discover it until it's too late to do anything. And the other scary thing is no one really knows why people get it. But research at UC San Diego discovered a link between sunlight and pancreatic cancer. It seems that people in countries with weak sunlight have a higher incidence of pancreatic cancer. Weak sunlight is due to considerable cloud cover or high latitude, meaning far from the equator. It seems that with weak sunlight your body cannot produce a lot of vitamin D and that's that vitamin D deficiency, which may be a risk factor for pancreatic cancer. The researchers discovered that people who live in sunny countries near the equator have only 1/6 the incident rate of pancreatic cancer as those who live far from the equator. The importance of sunlight deficiency strongly suggests, but doesn't prove, but suggests that the vitamin D deficiency may contribute to the risk of pancreatic cancer. While you can get vitamin D from your diet, experts say most people also require additional vitamin D to be produced by the body when skin is directly exposed to sunlight. Skin exposed to sunshine indoors through a window will not produce vitamin D. Cloudy skies, shade and dark colored skin also reduce vitamin D production. And that is something you should know. Something you should know is produced by Jennifer Brennan, Jeff Haveson and the executive producer is Ken Williams. I'm Mike Carruthers. Thanks for listening today to something you should know.

[Jesse David Fox]

I'm Amy Nicholson, the film critic for the LA Times.

[Patrick Magee]

And I'm Paul Scheer, an actor, writer and director.

[Jesse David Fox]

You might know me from the League, Veep or my non eligible for Academy Award role in Twisters. We love movies and we come at.

[Patrick Magee]

Them from different perspectives.

[Jesse David Fox]

Yeah, like Amy thinks that, you know, Joe Pesci was miscast in Goodfellas and I don't he's too old. Let's not forget that Paul thinks that Dune 2 is overrated. It is. Anyway, despite this, we come together to host Unspooled, a podcast where we talk about good movies, critical hits, fan favorites, must sees, and in case you missed ems, we're talking Parasite, the Home Alone, from Grease to the Dark Knight. We've done deep dives on popcorn flicks. We've talked about why Independence Day deserves a second look. And we've talked about horror movies, some that you've never even heard of of a Ganja and Hess.

[Patrick Magee]

So if you love movies like we.

[Jesse David Fox]

Do, come along on our cinematic adventure. Listen to unspooled wherever you get your podcasts and don't forget to hit the follow button. Do you love Disney?

[Patrick Magee]

Do you love top 10 lists?

[Mike Carruthers]

Then you are going to love our hit podcast, Disney Countdown.

[Patrick Magee]

I'm Megan the magical millennial. And I'm the Dapper Danielle. On every episode of our fun and.

[Mike Carruthers]

Family friendly show, we count down our top 10 lists of all things things Disney.

[Jesse David Fox]

The parks, the movies, the music, the food, the lore.

[Patrick Magee]

There is nothing we don't cover on our show. We are famous for rabbit holes, Disney themed games, and fun facts you didn't know you needed.

[Jesse David Fox]

I had Danielle and Megan record some.

[Patrick Magee]

Answers to seemingly meaningless questions. I asked Danielle what insect song is typically higher pitched in hotter temperatures and.

[Jesse David Fox]

Lower pitched in cooler temperatures.

[Mike Carruthers]

You got this.

[Patrick Magee]

No, I didn't believe that.

[Mike Carruthers]

That about a wish coming true. Well, I didn't either.

[Jesse David Fox]

Of course, I'm just a cicada.

[Mike Carruthers]

I'm crying. I'm so.

[Patrick Magee]

If you're looking for a healthy dose of Disney magic, check out.

[Jesse David Fox]

Disney Countdown wherever you get your podcasts.