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Yes. They are a private company charged with making money for their shareholders. They are supposed to be greedy and get as much money for the shareholders. Tha
by liftbigweights 8y ago
Yes. They are a private company charged with making money for their shareholders. They are supposed to be greedy and get as much money for the shareholders. That's their only reason for existence. Actually, that's the reason for every company's existence.
There are laws against price gouging and egregious behavior, especially if a company has a monopoly position. Is Apple price gouging or being egregious? Is it a monopoly? It's hard to say.
In a capitalist society, we are supposed to have competition which naturally guards against such behaviors. If one store charges $100 for a bottle of water, you can go to another that charges a reasonable price. But the modern capitalist system seems to want large conglomerates dominating markets. In agriculture, supermarkets and tech, it all seems to be merging and converging to a few market players.
Apple is interesting in that they are somewhat monopolistic but not completely. They seem to be overcharging, but not price gouging. They collect tons of your data, but only for themselves and don't sell it to others ( at least as far as we know ). They seem to be walking a very thin line where it's hard to attack them as easily as you can facebook or google.