The headline is strange. The DOJ sued for money and Google just straight up gave them the money they could have won upfront. That's not a "pay off"; it's literally what they asked for. It's a win for the DOJ. Google's argument against a jury trial also seems on solid ground. The right to a trial by jury is meant as a protection for Americans; the government itself doesn't have the right to demand a jury. If the defendant thinks the legal issues in the case are too arcane and a judge is more likely to get it right (and get it right faster, which is cheaper), that's their prerogative.
kirklennon
joined 1 year ago
Apple made no announcement or advertisement of any sort. Government patent examiners, after careful review, determined this is a novel invention or improvement. It's not possible for your comment to be any more literally wrong than it is.
They’ve used the same segments for a long time and presumably maintain them for consistency, so I think it really just tells us that they used to sell very little there. India, in particular, has been a large growth market for Apple in the past couple of years, but is still just thrown in with “Europe.”
The EU is only one chunk of Apple’s “Europe” segment, which is defined as “European countries, as well as India, the Middle East and Africa.”
Seems like you're Canadian. America doesn't have limits on tap to pay.
“The industry is at a pivotal point - new technologies like Gen AI are rapidly shifting how we shop and manage our finances,” said Jack Forestell, Chief Product and Strategy Officer, Visa.
This is so cringey. I get that investors are randomly throwing cash at companies that talk up "generative AI," but it has nothing to do with anything they announced. Is it impossible to just be content with ridiculously sophisticated algorithms? Did someone hold a gun up to these people and demand they spit out some drivel that uses the buzzwords du jour?
Also, the headline feature was solved a decade ago when Apple Pay was released (and no, not by the janky predecessors of Apple Pay but specifically with the launch of Apple Pay, which everything was then changed to replicate). One device that can hold an entire wallet of cards and I can choose what to use right when I pay? Wow! So new.
The "bento box" graphic during the presentation yesterday said AV1. From the press release:
The Media Engine of M4 is the most advanced to come to iPad. In addition to supporting the most popular video codecs, like H.264, HEVC, and ProRes, it brings hardware acceleration for AV1 to iPad for the first time. This provides more power-efficient playback of high-resolution video experiences from streaming services.
The main reason sales fell this year compared to the year-ago quarter is because the quarter before that Apple wasn't able to keep up with iPhone 14 demand leading to shortages and depleted channel inventory. The following quarter they were able to meet demand and replenish the sales channel leading a boosted year-ago quarter that was $5 billion bigger than it really should have been. Apple didn't have the same production shortages for the 15 launch. It makes this quarter they just reported look like a big decline but that's not really the whole story.
I think it's a privately-owned, profit-focused endeavor that is nevertheless beholden to the Chinese government and which the government wants to take as much advantage of as possible. Deep down, I'm certain that their sole goal is to make as much money for themselves as they possibly can. If they also need to exfiltrate some data and send it to the CCP, that's just a necessary business expense.
This means absolutely nothing. How much of their advertising revenue comes from the US.
To quote the article again, "The U.S. accounted for about 25% of TikTok overall revenues last year, said a separate source with direct knowledge." Honestly, I think that makes the case for shutting it down even stronger. TikTok isn't in some growth-at-all-costs phase in the US. It's likely near its peak potential userbase. If they haven't been able to make it profitable by now, that doesn't bode well for it ever becoming significantly profitable. Absent the legal issues, they think it's still worth at least trying, but as it stands, it's just a lot of money in and, just as quickly, out, with nothing to show for it at the end of the day.
TikTok's daily active users in the U.S. is also just about 5% of ByteDance's DAUs worldwide, said one of the sources.
So much drama in the US over this but it's apparently merely a money-losing afterthought for its owner.
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The DOJ can really only ask for treble damages. If Google paid ~$3 million, that's realistically as good as the DOJ was going to get. It sounds like the initial estimates were just way off. Nobody should be shocked that the inept antitrust division screwed up again. They're going after big, buzz-worthy names without the facts or law to actually back it up.