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Apple jacks prices to juice profits because $19.3B a quarter isn't enough
(www.theregister.com)
this post was submitted on 26 Oct 2023
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That is the thing with for profit companies, especially publicly traded ones. No matter how much they make, it is never enough. Next quarter must always be higher than this quarter or the world is on fire and heads will roll.
"our company only made 19 billion, we expected to make 19.1 billion, we are not sure how we are going to survive this"
Better fire 50000 people ASAP
Fire one million
Infinite growth.
The problem is their moat. If customers can easily go somewhere else hiking prices will have clear consequences.
*if there is actual competition.
Reddit has competition but also a big moat in that a lot of people need to collectively decide to move platform.
No disagreements from me. Enshittification at its finest.