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>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
by 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.