Re:Apple’s profit is always the priority–no matter the cost
by colinmhayes on Wednesday February 09, 2022 @03:24PM
(#30277975)
No it's really not. Thinking that it means "maximising short term profit is really the only goal" is a myth that needs to die, but maximising net discounted profit is really the only goal of public companies.
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Re:Apple’s profit is always the priority–no matter the cost
by wtetzner on Wednesday February 09, 2022 @03:31PM
(#30278073)
They're obligated to act in the interest of shareholders. That usually means profits, but could very well be other things.
Re:Apple’s profit is always the priority–no matter the cost
by foolinaround on Wednesday February 09, 2022 @04:52PM
(#30279077)
this here is the real answer.
So, if a majority of Apple's shareholders feel a different way from just maximizing profits then changes could be underway.