> "> Apple under Tim Cook is more concerned about being profitable through rent seeking than making products that people are willing to pay a premium for." > "

> "> Apple under Tim Cook is more concerned about being profitable through rent seeking than making products that people are willing to pay a premium for." > "This just does not match any available data. Look at where Apple gets the bulk of its revenue and profits: hardware products and optional services." you seem to be looking backwards but the statement you rebut is forward-looking. yes, apple historically made its profits on hardware, but the point the parent and the article is making is that apple's business model is changing toward services and rent-seeking through its platforms like the app store. > "Rent payments are not optional..." the 30% apple charges for apps is not optional. as implied by the article, apple could charge 50% and developers would have no choice but to eat that cost.