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It's an interesting line of thought but I feel like there is no indication Apple execs really think this way. It still seems to me like they think they're a con
by draw_down 11y ago
It's an interesting line of thought but I feel like there is no indication Apple execs really think this way. It still seems to me like they think they're a consumer electronics company. Tim Cook and Jony Ive slavering over entering the financial industry, I just don't see it.
When you're analyzing something, "follow the money" is always good advice. But I think it's much simpler here, following the money just means that at this point, Apple is the iPhone company, and they're going to do everything they can to guard that business. That's why they went so berserk with lawsuits regarding Android.
- meric 11y agoThey are into cars, too.
- foxhedgehog 11y agoWhich are essentially consumer electronics in 2016.
- draw_down 11y agoYeah, that's what I said.
- meric 11y agoThey are into cars, too.
- forgetsusername 11y ago>It still seems to me like they think they're a consumer electronics company It's their bread and butter, obviously. But as the article makes clear, there is a specific type of problem associated with having as much money as Apple does, and it becomes a business in itself trying to manage those finances. Eventually, if it hasn't already, that management becomes the business, whether Jony Ive wants it to be or not.
- draw_down 11y agoStill, an executive can only do so much in a day and I imagine their time is used up on the electronics they make. The argument here is that they were literally thinking and acting as a bank in response to the FBI's actions.
- snowwrestler 11y agoWhat does that have to do with becoming a bank or payments processor, though? I think the article is premised on a misunderstanding of what banks are and are not. A company does not need to be a bank or payments processor to manage a huge pile of money for a profit goal. In fact it's way easier to do that if a company is not a bank or processor.