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NY Times made a mess of this story and slanted it toward their agendas. Horrible reporting. Apple beat most estimates. Revenues grew. All time high revenue fro

by DLA 7y ago

NY Times made a mess of this story and slanted it toward their agendas. Horrible reporting. Apple beat most estimates. Revenues grew. All time high revenue from services. Forward guidance was raised. https://www.apple.com/newsroom/2019/07/apple-reports-third-quarter-results/ https://www.apple.com/newsroom/2019/07/apple-reports-third-q...

tryptophan 7y ago
>slanted it toward their agendas. They do this a lot. It is (rightfully) pointed out any time a right leaning website story is posted, with the whole "Note this is from X publication, and they are right leaning, so take that into consideration" comment. For some reason NYT seems immune to this criticism though.
- lstamour 7y ago
  Generally the New York Times fact-checks and corrects itself—but all newspapers spin stories for more clicks or interest. “Everything’s going okay at Apple” isn’t going to move advertisement dollars, the metric by which all news media ultimately value stories. Having worked at a newspaper or two myself, it’s inescapable. That said it’s also worth pointing out the New York Times has endorsed Republicans before... just not recently. I suppose it’s also worth noting the Republican Party wasn’t always this way, either. https://en.m.wikipedia.org/wiki/List_of_presidential_election_endorsements_made_by_The_New_York_Times https://en.m.wikipedia.org/wiki/List_of_presidential_electio...
- ergothus 7y ago
  > For some reason NYT seems immune to this criticism though. Not from where I've been sitting: https://www.google.com/search?q=site%3Aycombinator.com+NYT+bias https://www.google.com/search?q=site%3Aycombinator.com+NYT+b... You could argue NYT took a while to get called out, but not that they aren't getting called out.
- nkozyra 7y ago
  Likely because there are publications that are SO slanted, agenda-based and poorly sourced it's more important to note.
- skrowl 7y ago
  Are you implying that the New York Times is right-leaning? Certainly you're not implying that are you?
dawhizkid 7y ago
I'm an Apple shareholder...biggest concern with driving "services" is that the 30% commission on in-app purchases is borderline obscene and I don't think longterm sustainable e.g. if the tech regulation hammer is pointed at Apple, regulation around the App Store, including limits on Apple's commission, would make the most sense.
- thstart 7y ago
  So - shareholders better stay away from explaining business matters. You have no idea about the value the 30% brings.
- keymone 7y ago
  it's a tax. as long as apple's walled garden is so much better than anything else - no reason to worry.
  - Mindwipe 7y ago
    If you're an Apple shareholder I would be very worried about anti-trust concerns on this point in Europe especially but also the US. I would actively price in this going away in Europe, never mind being a risk.
  - marticode 7y ago
    The EU is already investigating Apple management of the App Store. Regulation is coming and one has to wonder much walled and profitable the garden will stay.
    - trilila 7y ago
      The EU is investigating an awful lot of US companies.
      - thrower123 7y ago
        The EU would need to demonstrate that it's teeth are sharp and big enough to actually break the skin on those companies. Most likely result is Apple/Google/Amazon/Facebook buy them off for some trivial (for them anyway) amount of money.
ajross 7y ago
That's a bit spun too, though. Revenue is up just .93%. Net income is down 12.7%. And they beat the estimates because the estimates were expecting bad news, as the overall trend has been stagnant for about two years. Those just aren't good numbers for a company that, over the past decade, has been literally the most profitable in history. They aren't "bad" numbers, but for Apple they're sort of a disaster. The iPhone gravy train is running out of steam, basically.
- RhodesianHunter 7y ago
  To (hopefully) noone's surprise. The innovation mostly hit a brick wall and Cook just seems intent on squeezing every last dollar out of incremental improvements to the iPhone until he sails into the sunset
  - coldtea 7y ago
    >out of incremental improvements to the iPhone So, how they always did it -- from the iMac (1997) to the iPod, iPhone, and iPad? Apple never did "revolutionary" improvements. They put out a great product, and did incremental updates for it -- in older times the updates where even smaller. Back in the day people went to WWDC and cheered for minor design changes or a new "now in color" screen on iPods...
- mort96 7y ago
  When are we going to stop expecting exponential growth though? Or should the exponential growth just continue indefinitely? Is there no value in having a nice S-curve, ending up as one of the most profitable companies in history, and then just staying insanely profitable for a long time in a sustainable way?
  - rarecoil 7y ago
    > Is there no value in having a nice S-curve, ending up as one of the most profitable companies in history, and then just staying insanely profitable for a long time in a sustainable way? Not to investors that want a quick ROI quarter-over-quarter on that share price.
noelsusman 7y ago
A company press release definitely has no agenda though.
o10449366 7y ago
Their reporting on technology is often intentionally misleading and sensationalist, but it isn't surprising considering they directly compete with the likes of Facebook for attention and also rely on Google, Apple, and Twitter for visibility. I stopped reading NYT after their obvious crusade on Facebook followed by their embarrassing "privacy" series. Most of these companies disgust me, but NYT's reporting almost made me feel a semblance of sympathy for them due to how ridiculous it was.
- oefrha 7y ago
  > Their reporting on technology is often intentionally misleading and sensationalist I don’t think it’s limited to tech. You’re likely experiencing the Gell-Mann amnesia effect here.
bb123 7y ago
Does anyone know why the NYT has this agenda?
- amfsn 7y ago
  NYT has an anti-tech agenda in general because tech is killing newspapers. It's also a contrarian position because most people love their tech, and contrarian positions and outrage drive clicks.
  - tonyedgecombe 7y ago
    It's not just the NYT, we see it in the UK media as well.
    - Mindwipe 7y ago
      The Times especially, to the point it's reporting on anything technical is flat out falsehoods a lot of the time.
  - mensetmanusman 7y ago
    Not just newspapers. Warren (and now many others) are interested in breaking up large companies because their power threatens the governments power. Articles like these help test the waters since NYT supports the left more than the right.
  - atonse 7y ago
    Uhhh I'm not so sure tech is so innocent here. The honeymoon period with big tech ended after 2016, when society finally realized exactly how much influence big tech has over our minds, and how they absolutely show no responsibility towards the power they wield to alter people's realities, instead hiding behind silly excuses about just being platforms. This isn't just about contrarian views. This is the fact that, thanks to big tech, any nut job can have the same real-estate and influence as a more established journalistic organization that has many people that internally also argue about how to convey messaging to the public. I say all this as someone who frequently criticizes the mainstream media for also drumming up drama where it doesn't exist, and misinforming the public. So I'm hardly a cheerleader for them. But at least there is some sort of self-policing going on, and a realization of the responsibility they carry in society. There isn't much of that the big tech companies like Facebook.
trump2020 7y ago
>their agendas ironic antisemitism is still antisemitism.

by DLA 7y ago

tryptophan 7y ago

>slanted it toward their agendas. They do this a lot. It is (rightfully) pointed out any time a right leaning website story is posted, with the whole "Note this is from X publication, and they are right leaning, so take that into consideration" comment. For some reason NYT seems immune to this criticism though.

lstamour 7y ago
Generally the New York Times fact-checks and corrects itself—but all newspapers spin stories for more clicks or interest. “Everything’s going okay at Apple” isn’t going to move advertisement dollars, the metric by which all news media ultimately value stories. Having worked at a newspaper or two myself, it’s inescapable. That said it’s also worth pointing out the New York Times has endorsed Republicans before... just not recently. I suppose it’s also worth noting the Republican Party wasn’t always this way, either. https://en.m.wikipedia.org/wiki/List_of_presidential_election_endorsements_made_by_The_New_York_Times https://en.m.wikipedia.org/wiki/List_of_presidential_electio...
ergothus 7y ago
> For some reason NYT seems immune to this criticism though. Not from where I've been sitting: https://www.google.com/search?q=site%3Aycombinator.com+NYT+bias https://www.google.com/search?q=site%3Aycombinator.com+NYT+b... You could argue NYT took a while to get called out, but not that they aren't getting called out.
nkozyra 7y ago
Likely because there are publications that are SO slanted, agenda-based and poorly sourced it's more important to note.
skrowl 7y ago
Are you implying that the New York Times is right-leaning? Certainly you're not implying that are you?

dawhizkid 7y ago

I'm an Apple shareholder...biggest concern with driving "services" is that the 30% commission on in-app purchases is borderline obscene and I don't think longterm sustainable e.g. if the tech regulation hammer is pointed at Apple, regulation around the App Store, including limits on Apple's commission, would make the most sense.

thstart 7y ago
So - shareholders better stay away from explaining business matters. You have no idea about the value the 30% brings.
keymone 7y ago
it's a tax. as long as apple's walled garden is so much better than anything else - no reason to worry.
- Mindwipe 7y ago
  If you're an Apple shareholder I would be very worried about anti-trust concerns on this point in Europe especially but also the US. I would actively price in this going away in Europe, never mind being a risk.
- marticode 7y ago
  The EU is already investigating Apple management of the App Store. Regulation is coming and one has to wonder much walled and profitable the garden will stay.
  - trilila 7y ago
    The EU is investigating an awful lot of US companies.
    - thrower123 7y ago
      The EU would need to demonstrate that it's teeth are sharp and big enough to actually break the skin on those companies. Most likely result is Apple/Google/Amazon/Facebook buy them off for some trivial (for them anyway) amount of money.

ajross 7y ago

That's a bit spun too, though. Revenue is up just .93%. Net income is down 12.7%. And they beat the estimates because the estimates were expecting bad news, as the overall trend has been stagnant for about two years. Those just aren't good numbers for a company that, over the past decade, has been literally the most profitable in history. They aren't "bad" numbers, but for Apple they're sort of a disaster. The iPhone gravy train is running out of steam, basically.

RhodesianHunter 7y ago
To (hopefully) noone's surprise. The innovation mostly hit a brick wall and Cook just seems intent on squeezing every last dollar out of incremental improvements to the iPhone until he sails into the sunset
- coldtea 7y ago
  >out of incremental improvements to the iPhone So, how they always did it -- from the iMac (1997) to the iPod, iPhone, and iPad? Apple never did "revolutionary" improvements. They put out a great product, and did incremental updates for it -- in older times the updates where even smaller. Back in the day people went to WWDC and cheered for minor design changes or a new "now in color" screen on iPods...
mort96 7y ago
When are we going to stop expecting exponential growth though? Or should the exponential growth just continue indefinitely? Is there no value in having a nice S-curve, ending up as one of the most profitable companies in history, and then just staying insanely profitable for a long time in a sustainable way?
- rarecoil 7y ago
  > Is there no value in having a nice S-curve, ending up as one of the most profitable companies in history, and then just staying insanely profitable for a long time in a sustainable way? Not to investors that want a quick ROI quarter-over-quarter on that share price.

noelsusman 7y ago

A company press release definitely has no agenda though.

o10449366 7y ago

Their reporting on technology is often intentionally misleading and sensationalist, but it isn't surprising considering they directly compete with the likes of Facebook for attention and also rely on Google, Apple, and Twitter for visibility. I stopped reading NYT after their obvious crusade on Facebook followed by their embarrassing "privacy" series. Most of these companies disgust me, but NYT's reporting almost made me feel a semblance of sympathy for them due to how ridiculous it was.

oefrha 7y ago
> Their reporting on technology is often intentionally misleading and sensationalist I don’t think it’s limited to tech. You’re likely experiencing the Gell-Mann amnesia effect here.

bb123 7y ago

Does anyone know why the NYT has this agenda?

amfsn 7y ago
NYT has an anti-tech agenda in general because tech is killing newspapers. It's also a contrarian position because most people love their tech, and contrarian positions and outrage drive clicks.
- tonyedgecombe 7y ago
  It's not just the NYT, we see it in the UK media as well.
  - Mindwipe 7y ago
    The Times especially, to the point it's reporting on anything technical is flat out falsehoods a lot of the time.
- mensetmanusman 7y ago
  Not just newspapers. Warren (and now many others) are interested in breaking up large companies because their power threatens the governments power. Articles like these help test the waters since NYT supports the left more than the right.
- atonse 7y ago
  Uhhh I'm not so sure tech is so innocent here. The honeymoon period with big tech ended after 2016, when society finally realized exactly how much influence big tech has over our minds, and how they absolutely show no responsibility towards the power they wield to alter people's realities, instead hiding behind silly excuses about just being platforms. This isn't just about contrarian views. This is the fact that, thanks to big tech, any nut job can have the same real-estate and influence as a more established journalistic organization that has many people that internally also argue about how to convey messaging to the public. I say all this as someone who frequently criticizes the mainstream media for also drumming up drama where it doesn't exist, and misinforming the public. So I'm hardly a cheerleader for them. But at least there is some sort of self-policing going on, and a realization of the responsibility they carry in society. There isn't much of that the big tech companies like Facebook.

trump2020 7y ago

>their agendas ironic antisemitism is still antisemitism.