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this post was submitted on 20 Oct 2023
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Technology
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Bummer. That’s some weak and feckless megacorp bullshit. Just like something Stewart would cover, which is why this show was such a great power move. And yet? Infinite profit over all else, so never mind.
Look at John Oliver, he talks shit about HBO constantly. Do they care? Nope, because he has more Emmys than anyone could know what to do with. Respect your talent and reap the rewards. Pretty basic stuff, Apple.
The difference is HBO is a media company that largely operates in the US, and Jon Oliver making fun of them isn’t going to hurt their business at all. Apple is a hardware company that also makes media. And selling hardware in China is critical to their business. Since the CCP owns China, they can get their panties in a twist and just ban Apple. Like they did with government devices.
As a publicly owned company they have a legal responsibility to maximize profit for shareholders. It’s the same reason why Twitter had to agree to the sale to Elon Musk and why they had to force it. It was a terrible move overall but since Elon was buying all outstanding shares and taking it private, the board literally had no legal choice but to take it since he was offering well over market value.
Public companies don’t get to take moral stands when there’s money on the line. They legally have to put shareholders first.
Nah, Apple is an ad aggregation company same as Google. They use hardware and software to lock users into their products so they can show them ads and collect their data to make the ads more targeted. In return ad companies pay them to serve ads to their users. That's how they make money.
The fuck you smoking. 80% of sales are hardware and 20% is services, ie music, tv, and their cut of App Store sales
Ad revenue from running ads on the app store, their news app , podcast app, etc.
I didn't claim they were making most of their money that way, but that's absolutely the business model they've been shifting to for the last decade as their hardware sales decrease pretty much quarterly, especially their phone sales.
https://www.reuters.com/technology/strong-ad-sales-stable-enterprise-spending-wind-beneath-big-tech-earnings-2023-10-23/