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It is quite a leap to assume it runs break even. I know Apple's people like to say it does, but numbers can be manipuated and I trust Apple is smart enough to o

It is quite a leap to assume it runs break even. I know Apple's people like to say it does, but numbers can be manipuated and I trust Apple is smart enough to optimize over the years to give themselves a small but healthy profit.

ugh 15y ago
Let's say 300 million? That would still mean that iTunes costs a billiom to run for a year. Saying that iTunes is run a bit over break even – which Apple did during their conference calls – while making something like 300 million is very likely illegal and not something Apple would do.
- recoiledsnake 15y ago
  Yes,Apple is a white horse when it comes to financial and legal matters, right?
  - ugh 15y ago
    I don't know, I have no evidence to claim that Apple routinely lies to shareholders. That's why I don't. I'm not particularly attached to that postion and willing to be convinced.
    - recoiledsnake 15y ago
      Judging by your posting history, I am not surprised. http://www.eetimes.com/electronics-news/4068357/Apple-restates-acknowledges-faked-documents http://www.eetimes.com/electronics-news/4068357/Apple-restat... http://www.betanews.com/article/SEC-Charges-Former-Apple-Counsel-with-Fraud-Former-CFO-Settles/1177440019 http://www.betanews.com/article/SEC-Charges-Former-Apple-Cou... http://arstechnica.com/apple/news/2008/07/steve-jobs-and-company-sued-for-stock-fraud.ars http://arstechnica.com/apple/news/2008/07/steve-jobs-and-com... From the wiki: http://en.wikipedia.org/wiki/Steve_Jobs#Stock_options_backdating_issue http://en.wikipedia.org/wiki/Steve_Jobs#Stock_options_backda... Edit: Thanks for the silent downvotes with no replies. Here's the relevant quote from the first link: In the filings, Apple (Cupertino, Calif.) acknowledged that the company faked documentation to indicate that a grant of 7.5 million options to CEO Steve Jobs was recorded at a special meeting of the board of directors on Oct. 19, 2001. Such a meeting, Apple said, did not occur.
      - chc 15y ago
        Those stories are all about one incident many years ago. Posting several articles about the same thing doesn't turn it into a trend. And since that scandal, Apple has been fastidious about obeying the letter of the law. Sarbanes-Oxley is practically Apple's religion.
        recoiledsnake 15y ago
        I was merely responding to the statement that 'illegal things are not something Apple would do' that was stated in a matter-of-fact manner. >And since that scandal, Apple has been fastidious about obeying the letter of the law And you would know this how? Just because there's nothing revealed right now doesn't mean there is nothing that is going on and might be revealed later. Of course this cuts both ways and I am certainly not implying that something shady is going on, but I am just curious about the free pass given to Apple on here on various things that other companies don't get.
  - tjogin 15y ago
    No, but they also aren't complete imbeciles. Apple are making money hand over fist overall. First of all, it would be astonishingly idiotic of them to break the law for such relatively little potential gain. Secondly, it wouldn't make any sense of them to nickel and dime customers for such a tiny little part of their overall business. This is peanuts to them. The AppStore's purpose is not to bring in a relatively tiny bit of profit to Apple, it purpose is providing reasons for developers to invest in their ecosystem, and for customers to buy their hardware, where their real money comes from.
deleted 15y ago
[deleted]

ugh 15y ago

Let's say 300 million? That would still mean that iTunes costs a billiom to run for a year. Saying that iTunes is run a bit over break even – which Apple did during their conference calls – while making something like 300 million is very likely illegal and not something Apple would do.

recoiledsnake 15y ago
Yes,Apple is a white horse when it comes to financial and legal matters, right?
- ugh 15y ago
  I don't know, I have no evidence to claim that Apple routinely lies to shareholders. That's why I don't. I'm not particularly attached to that postion and willing to be convinced.
  - recoiledsnake 15y ago
    Judging by your posting history, I am not surprised. http://www.eetimes.com/electronics-news/4068357/Apple-restates-acknowledges-faked-documents http://www.eetimes.com/electronics-news/4068357/Apple-restat... http://www.betanews.com/article/SEC-Charges-Former-Apple-Counsel-with-Fraud-Former-CFO-Settles/1177440019 http://www.betanews.com/article/SEC-Charges-Former-Apple-Cou... http://arstechnica.com/apple/news/2008/07/steve-jobs-and-company-sued-for-stock-fraud.ars http://arstechnica.com/apple/news/2008/07/steve-jobs-and-com... From the wiki: http://en.wikipedia.org/wiki/Steve_Jobs#Stock_options_backdating_issue http://en.wikipedia.org/wiki/Steve_Jobs#Stock_options_backda... Edit: Thanks for the silent downvotes with no replies. Here's the relevant quote from the first link: In the filings, Apple (Cupertino, Calif.) acknowledged that the company faked documentation to indicate that a grant of 7.5 million options to CEO Steve Jobs was recorded at a special meeting of the board of directors on Oct. 19, 2001. Such a meeting, Apple said, did not occur.
    - chc 15y ago
      Those stories are all about one incident many years ago. Posting several articles about the same thing doesn't turn it into a trend. And since that scandal, Apple has been fastidious about obeying the letter of the law. Sarbanes-Oxley is practically Apple's religion.
      - recoiledsnake 15y ago
        I was merely responding to the statement that 'illegal things are not something Apple would do' that was stated in a matter-of-fact manner. >And since that scandal, Apple has been fastidious about obeying the letter of the law And you would know this how? Just because there's nothing revealed right now doesn't mean there is nothing that is going on and might be revealed later. Of course this cuts both ways and I am certainly not implying that something shady is going on, but I am just curious about the free pass given to Apple on here on various things that other companies don't get.
- tjogin 15y ago
  No, but they also aren't complete imbeciles. Apple are making money hand over fist overall. First of all, it would be astonishingly idiotic of them to break the law for such relatively little potential gain. Secondly, it wouldn't make any sense of them to nickel and dime customers for such a tiny little part of their overall business. This is peanuts to them. The AppStore's purpose is not to bring in a relatively tiny bit of profit to Apple, it purpose is providing reasons for developers to invest in their ecosystem, and for customers to buy their hardware, where their real money comes from.

deleted 15y ago

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