3 ms·
You mean do the right thing by shareholders. Apple spends on the order of a 100 billion a year lining shareholder pockets through buybacks and dividends. That i
by Joeri 3y ago
You mean do the right thing by shareholders. Apple spends on the order of a 100 billion a year lining shareholder pockets through buybacks and dividends. That is three times what they spend on r&d.
This company is making obscene amounts of profit only to hand most of it over to people whose contribution to apple’s success is zero, instead of spending it on improving the products or customers actually responsible for that success. If this isn’t a condemnation of what’s wrong with capitalism, I don’t know what is. Tim Cook may have no other choice, but it is despicable that he doesn’t.
- pas 3y agoif the market (competition) is not forcing them, why would they spend all that on R&D? the lack of (competent) competition is what's the problem, not that that there's return on capital. I don't like Apple, but I hardly can blame them, when they can make all this money by simply being the least shit generally okay-ish option.
- seec 3y agoTim Cook has a choice, Apple actually started doing that right after Steve Jobs passed away. Steve categorically refused to do that kind of stuff precisely because of those problems. Tim Cook also has a vested interest in lining his own pockets, he has targets that are about revenue and profits, not user experience and customer satisfaction. So, he maximise his own benefit and this is what we get. People who pretend Apple wasn't different under Job are magnificent gaslighters and should not be taken seriously about anything really...