Author Topic: AAPL - Apple Inc.  (Read 1663113 times)

Liberty

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johnny

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Re: AAPL - Apple Inc.
« Reply #6911 on: September 25, 2020, 01:28:06 PM »
I think the 30% is simply not long for this world, despite your accurate read that there’s really no fundamental, nuts-and-bolts, economic reason why it has to disappear. Apple has already (as revealed, contrary to regular lies from management), caved in selective circumstances on the 30% rake. Now a lot of firms that perhaps didn’t realize they could push for it are going to (WSJ, NYT). The more they cave, the more unstable the 30% norm becomes, and the more political and brand vulnerability the firm has from only insisting on imposing that tax on the developers and companies least able to bear the costs.

And if Apple had not spend years backing themselves into the “look at YoY service revenue growth” narrative, they’d recognize that it is actually in the long-term interests of the company to have done this a year ago. But instead, they’re going to do an incredible amount of reputational damage fighting to keep it alive as long as possible.

https://www.cnbc.com/2020/09/25/apple-temporarily-reverses-decision-to-take-fees-for-facebook-events.html

Quote
Facebook said Apple temporarily reversed its decision to take a 30% cut of sales from businesses hosting paid events through Facebook.

So nice of Apple to grant special relief to Facebook during These Trying Times. I'm sure this temporary measure will be the last we hear of this unpleasantness.

Jurgis

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Re: AAPL - Apple Inc.
« Reply #6912 on: September 25, 2020, 02:09:34 PM »
So nice of Apple to grant special relief to Facebook during These Trying Times.

Yeah, Facebook is a poor small business that needs help and should not pay 30% fees unlike the huge rich tech behemoths.  ::)

So nice to see Apple stand up for a little guy.
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