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Definition of Irony: Steve Jobs' Trust gets richer from sales of DROID branded phones

Posted: , by Alan F.

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Definition of Irony: Steve Jobs' Trust gets richer from sales of DROID branded phones
Steve Jobs threatened a "thermonuclear war" to destroy the Android platform, which he considered a "stolen product". Yet, in an ironic turn of events, the Steve P. Jobs Trust managed by his wife could make money from the sale of each Android flavored Motorola DROID branded phone. How did this happen? When Steve Jobs helped arrange the sale of Pixar to the Walt Disney Company on January 24th 2006, the $7.4 billion deal was an all-stock transaction. Jobs' Pixar holdings were converted into Disney shares, leaving him with 7.7% ownership of the Burbank company. That meant that Steve Jobs was the largest individual shareholder of Disney.

Disney now owns the DROID name

Disney now owns the DROID name

After Jobs' death, his shares were transferred to the Steven P. Jobs Trust which is managed by Jobs' wife. The Trust is now the largest individual owner of Disney shares. Disney, as you might have heard, has purchased Lucasfilm for $4.05 billion. Back in 2009, George Lucas had made a deal with Verizon for the use of the DROID name. This is why overseas versions of the same Motorola phones do not use the DROID moniker. On most ads or documents related to a Motorola DROID phone, you will see the statement "DROID is a trademark of Lucasfilm Ltd. and its related companies. Used under license."

So what does this all mean? It means that Disney will now get the licensing fees and royalties from Verizon for using the DROID name which could result in a higher stock price. And who benefits the most from a higher price for Disney shares? That would be the company's largest shareholder, the Steve P. Jobs Trust. Despite his deep and profound hatred of the platform, sales of Motorola DROID handsets could make Steve Jobs richer. That is irony. Of course, Jobs can't spend a penny of this windfall which is another irony, albeit a sadder one.

source: Forbes

35 Comments
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posted on 01 Nov 2012, 22:31 11

2. Savage (unregistered)


Haha, Classic. Maybe this will prompt Apple to stop suing Android makers. Or likely not, as Apple cares about making more money for itself rather than some Ex-CEO's trust.

posted on 01 Nov 2012, 23:28 11

10. wendygarett (unregistered)


Apple and Steve job concern more on profit, they will be stakeholder of the Disney, get droid trademark, and then invest on lawsuit, to taunt consumer to get droid to show madness towards Apple, hence the money coming...

You should know Apple is a very evil company when it come to money :)

posted on 01 Nov 2012, 23:58 13

13. HäckeMáte (Posts: 168; Member since: 28 Feb 2012)


Shut up wendy

posted on 02 Nov 2012, 08:10

27. techytechtech (banned) (Posts: 33; Member since: 10 Oct 2012)


homeboy is killing competition even while 6 feet deep getting decomposed.

now that you dont see everyday.

jobs I salute you for your money making strategies. what surprises me is why you didnt go in charity and stuff. cause man o man i think he could have killed poverty lol

posted on 01 Nov 2012, 22:31 15

3. MeoCao (unregistered)


If jobs were alive he would write a memoir: "How I wanted to bite the hand that feeds me" :).

posted on 01 Nov 2012, 22:38 1

5. Hemlocke (unregistered)


The miniscule amount he would make from that licensing, especially given the relatively poor sales of Droid-branded devices, is nothing compared to what he made off Pixar.

posted on 01 Nov 2012, 23:00 13

7. Sniggly (Posts: 6944; Member since: 05 Dec 2009)


Poor sales, eh? The monthly numbers from the Razr Maxx outselling the iPhone beg to differ.

posted on 01 Nov 2012, 23:55 8

11. jroc74 (Posts: 4720; Member since: 30 Dec 2010)


Exactly. The Droid 1, Droid Incredible, Droid X1, RAZR family has been among Verizon hottest sellers.

What is he talking about?

posted on 02 Nov 2012, 07:36

26. Reluctant_Human (Posts: 853; Member since: 28 Jun 2012)


that a liscensing fee is a lot smaller than huge amount of money he made off Pixar and technically under the same umbrella of the Pixar deal.. As I'm writting I'm starting to realize how much that comment made no sense..

posted on 02 Nov 2012, 18:24

33. InspectorGadget80 (Posts: 6399; Member since: 26 Mar 2011)


because the RAZR HD AND MAXX HAVE THE BEST BATTERY LIFE than any other phone which i say MOTOROLA needs to put their phones on every carrier

posted on 01 Nov 2012, 22:54

6. JcHnd (Posts: 81; Member since: 30 Apr 2012)


I guess that's why most new motorola phones are RAZR now, I haven't seen any new DROID phones recently

posted on 01 Nov 2012, 23:56 3

12. jroc74 (Posts: 4720; Member since: 30 Dec 2010)


The RAZR's on Verizon are Droid phones. Since the Droid Incredible, Verizon has put Droid in front of names for some phones. Only the Motorola Droid phones with the hard keyboards have Droid as the whole name. Can probably count the Droid X as the whole name being Droid.

posted on 02 Nov 2012, 11:16

28. JcHnd (Posts: 81; Member since: 30 Apr 2012)


Well then I don't get this whole crap, thank you! :)

posted on 01 Nov 2012, 23:20 3

8. pikapowerize (banned) (Posts: 1869; Member since: 03 May 2012)


haha... irony at its best!!

maybe android fans of verizon wont buy a droid phones now, coz that awkward moment that you are feeding your enemy!

posted on 02 Nov 2012, 01:42 1

17. kanagadeepan (Posts: 667; Member since: 24 Jan 2012)


No Dear... We are NOT as mad as apple for MONEY.. So we will continue to buy , what we like...

posted on 02 Nov 2012, 01:50 2

20. rusticguy (Posts: 2828; Member since: 11 Aug 2012)


Guys on this side of fence have what is known as "Brain & Heart". So don't expect such things to happen in wildest dreams. For that to happen it needs "Fanatacism" of Apple and their flock :)

posted on 01 Nov 2012, 23:23

9. Bluesky02 (Posts: 1439; Member since: 05 Dec 2011)


Motorola so far have been targeting its phone for male geek audience. Their branding and phone design show the market they are targeting and trust me don't be surprised to see Motorola losses. They need to make phone for everyone, not the same geeky branding and look all over.

posted on 02 Nov 2012, 01:03 1

14. aoikemono27 (Posts: 177; Member since: 27 Feb 2012)


Jesus christ, how many degrees of separation is that? You could give Fox News and their attempts to link Obama to Soviet communists a run for their money.

posted on 02 Nov 2012, 01:45 2

18. rusticguy (Posts: 2828; Member since: 11 Aug 2012)


Isn't this better and befits a civilsied world order rather than IPHONE Vs IFONE recently?

posted on 02 Nov 2012, 07:13 2

25. Aeires (unregistered)


Good, maybe now the term "Droid" will die. It's Android, not Droid.

posted on 02 Nov 2012, 12:33

30. downphoenix (Posts: 2302; Member since: 19 Jun 2010)


So basically you are feeding apple now if you buy a verizon DROID phone? Hilarious!

posted on 02 Nov 2012, 18:27

34. InspectorGadget80 (Posts: 6399; Member since: 26 Mar 2011)


Then Verizon should change it's DROID name before APPLE cough up it's profits

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