Re:Telegram CEO Accuses Apple of Crushing Entrepreneurs
by tootie on Saturday October 29, 2022 @06:28PM
(#33388594)
Proof is in the pudding. They have like a 40% profit margin. They are not just keeping pace with the cost of innovation. They are charging the absolute maximum the market will allow and squeezing suppliers for every nickel because no one can stop them.
[ Parent
| on HN ]
Re:Telegram CEO Accuses Apple of Crushing Entrepreneurs
by saurik on Sunday October 30, 2022 @02:25AM
(#33391739)
Yeah: it isn't like Apple is spending their money on R&D or operations and they just have some extremely elaborate and overly expensive way of providing value to the customer that someone might value... they are literally just hoarding a ridiculous and almost embarrassingly large amount of cash. They have a money-printer that is being defended with anti-competitive lock-in mechanisms.
https://www.investors.com/etfs-and-funds/sectors/sp500-compa...
> Apple alone last week reported sitting on $202.5 billion in cash and investments. That's 7.4% of all the S&P 500's cash. And it's up nearly 4% from 2021.