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> Since, ultimately, his duty as a CEO is to prioritize the financial wealth of shareholders. I feel like the whole fiduciary responsibility bit is always the

> Since, ultimately, his duty as a CEO is to prioritize the financial wealth of shareholders. I feel like the whole fiduciary responsibility bit is always the foundation of terrible arguments. As if every individual choice that earns a dollar is therefore forced. Earning multiple billion dollar fines is not serving shareholders. Sabotaging the future is not serving shareholders. Destroying goodwill is not serving shareholders. Apple's various tantrums and desperate clutching onto their market hasn't remotely been beneficial for the company, and I'd argue it is a big reason the company has started plateauing. Like how Valve went from being a game maker to being a purveyor of gambling crates and keys, Apple is desperately pimping for every bit of rent-seeking and service fees.

notaustinpowers 3y ago
I also hate fiduciary responsibility as a foundation for arguments, but it is a responsibility that will be 100% utilized by any of the shareholders who feel strongly enough that Cook didn't do everything in his power to generate more money. So it's still something that has to be taken into consideration. > Earning multiple billion-dollar fines is not serving shareholders. Correct, and until Apple is threatened with fines, I believe they'll continue doing this until it no longer serves them. I don't find the tantrums to be the cause of the plateauing, I think they're a response to it. The iPhone is their #1 money-maker (by a massive margin at that), and the smartphone market as a whole has been plateauing. That's why we've seen a shift over the years towards services, which is their #2 money-maker now. When the DMA strongly affects both of these revenue streams, tantrums will ensue. I'm not agreeing that what they're doing is correct, and I think it's shitty for a company that I consider the reason I got into the dev/design space to begin with to start acting like this. But I do see some business logic behind why they're doing what they're doing, even when it goes against what I know is correct.
- ncruces 3y ago
  > Correct, and until Apple is threatened with fines, I believe they'll continue doing this until it no longer serves them. Commission fines Apple over €1.8 billion over abusive App store rules for music streaming providers. https://ec.europa.eu/commission/presscorner/detail/en/ip_24_1161 https://ec.europa.eu/commission/presscorner/detail/en/ip_24_... Maybe tripping up the same entity that's already on to you with other fines for similar behavior is not that smart.

notaustinpowers 3y ago

I also hate fiduciary responsibility as a foundation for arguments, but it is a responsibility that will be 100% utilized by any of the shareholders who feel strongly enough that Cook didn't do everything in his power to generate more money. So it's still something that has to be taken into consideration. > Earning multiple billion-dollar fines is not serving shareholders. Correct, and until Apple is threatened with fines, I believe they'll continue doing this until it no longer serves them. I don't find the tantrums to be the cause of the plateauing, I think they're a response to it. The iPhone is their #1 money-maker (by a massive margin at that), and the smartphone market as a whole has been plateauing. That's why we've seen a shift over the years towards services, which is their #2 money-maker now. When the DMA strongly affects both of these revenue streams, tantrums will ensue. I'm not agreeing that what they're doing is correct, and I think it's shitty for a company that I consider the reason I got into the dev/design space to begin with to start acting like this. But I do see some business logic behind why they're doing what they're doing, even when it goes against what I know is correct.

ncruces 3y ago
> Correct, and until Apple is threatened with fines, I believe they'll continue doing this until it no longer serves them. Commission fines Apple over €1.8 billion over abusive App store rules for music streaming providers. https://ec.europa.eu/commission/presscorner/detail/en/ip_24_1161 https://ec.europa.eu/commission/presscorner/detail/en/ip_24_... Maybe tripping up the same entity that's already on to you with other fines for similar behavior is not that smart.