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On the contrary, this tantrum by no means works to lessen the growing idea that control of the platform should be put into the hands of a independent third part
by leifross 3y ago
On the contrary, this tantrum by no means works to lessen the growing idea that control of the platform should be put into the hands of a independent third party.
While not European in origin, the platform holds and manages tremendous value for us, to the extent where small changes can cause mayor economic disruption, and Apple has not been managing it fairly.
And for a state actor, which exists to serve the common good, it is not acceptable that a single company holds and abuses this kind of power.
- xvector 3y agoThe EU is economically meaningless on the grand scale. They are only 7% of Apple's revenue, and similarly low for other companies. And every day they become a less profitable market to operate in. The EU holds power only as long as the rest of the world is willing to deal with its BS. Trying to "break up Apple" is simply not within the EU's power as Apple is worth more than the EU's whole tech industry combined. Apple would simply leave and the whole region would be left with shiny bricks. If the EU pursues this with big tech at large it will find itself in the 80s. It needs US big tech far more than US big tech needs it.
- akie 3y agoIf US big tech doesn't need the EU, then why do they keep on bending to its will?
- xvector 3y agoAs long as the opportunity cost is positive it will stay. The EU is trying its hardest to make the opportunity cost negative.
- mordae 3y agoNot really. If this goes on, EU will simply cozy up to China a bit more. Let's see how Washington will react to that.
- fundatus 3y agoThe EU's single market is the second largest economy (GDP nominal) in the world after the US and before China.
- leifross 3y agoLast time I checked, Apples holdings are all based in Ireland. So from a legal standpoint, it's a Irish company, held accountable by EU law. It can't "simply leave".
- xvector 3y agoIf you think the US will let it's shiniest company be destroyed by the EU I don't even know what to say.
- paulddraper 3y agoHow long do you think it would take them to move?
- cromka 3y agoRemember Brexit and how long it took corporations to move their entities? It’s 12-36 months, from my experience in investment banking at the time.
- jakub_g 3y ago> [EU] are only 7% of Apple's revenue *citation needed. Looking at [0] it seems to be around 25%. [0] https://www.statista.com/statistics/382175/quarterly-revenue-of-apple-by-geograhical-region/ https://www.statista.com/statistics/382175/quarterly-revenue...