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As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Current price of oil as of July 1, 2026
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The App effect, revisited

By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
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By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
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September 14, 2015, 2:44 PM ET
Courtesy of Apple/YouTube
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“After seeing Apple unveil watchOS and tvOS,” wrote Above Avalon‘s Neil Cybart in a note to subscribers Monday, “the significance of the ‘The App Effect’ video takes on a whole new meaning.”

He’s referring to a six-minute promotional movie that Apple screened one time, in June, at the company’s annual World Wide Developers Conference, before relegating it to YouTube.

I just re-watched “The App Effect.” Cybart is right.

“While the video was focused on iPhone apps, it is reasonable to one day replace ‘iPhone’ with ‘Apple Watch,’ ‘Home,’ and even ‘Car.’ Apple looks at apps as the path to accomplishing its long term goals.”

Cue the video:

https://youtu.be/fSiDIaab2nY

Follow Philip Elmer-DeWitt on Twitter at @philiped. Read his Apple (AAPL) coverage at fortune.com/ped or subscribe via his RSS feed.

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