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Given the outrage over Apples fees, don't you think it would be smart of them to release some numbers? At least then they can prove whether they are gouging cus
by mthoms 5y ago
Given the outrage over Apples fees, don't you think it would be smart of them to release some numbers? At least then they can prove whether they are gouging customers or not. It would be the easiest way to settle the discussion.
The truth is, if those numbers were known, the level of outrage would skyrocket.
>an updated Sarbanes-Oxley that requires publicly traded companies to issue reporting at that level of granularity could be an interesting approach to economic reform.
I generally agree, that would be interesting.
- 9wzYQbTYsAIc 5y ago> don't you think it would be smart of them to release some numbers I think it is smarter for them to operate in the same legal construct as everyone else: only admit what you are legally required to admit.
- mthoms 5y agoSure. But the debate is wether the fees would be considered reasonable or abusive. Although nobody has a problem with Apple making a healthy profit, there is a line at which the fees abusive (to most people). Apple understands that they cannot win the PR war in being open and honest with its customers and partners. Who knows though, maybe this was disclosed in court and/or to legislatures. It will be interesting to see if it comes out.
- 9wzYQbTYsAIc 5y ago> The truth is, if those numbers were known, the level of outrage would skyrocket. Or, since it is currently unknown, they could be operating at a loss. Not likely, I know. However, it does appear that the market competition of Apple’s small business fee reduction is driving down the fees at other ecosystems. One could infer that an overall market adjustment of the profit margin has already occurred.