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The EU should make a public service announcement. Something along the lines of: "We urge all EU citizens with Apple devices to have an alternate means of acce
by pg_1234 3y ago
The EU should make a public service announcement.
Something along the lines of:
"We urge all EU citizens with Apple devices to have an alternate means of accessing critical internet services like banking, to protect themselves in the event we are forced to block all Apple services EU-wide for legal non-compliance."
... then watch AAPL stock drop below NVDA ...
... and Apple come crawling back, suitably obedient.
- microtherion 3y agoIronically, the iOS banking apps I use are particularly finicky about only running on customer installs without developer capabilities enabled. I very much doubt that banks would queue up to install from web sites etc.
- lgeorget 3y agoThat sounds awfully like market manipulation. We need something a tad more subtle.
- pg_1234 3y agoMarket manipulation would be if they shorted the stock first. This would be: A) looking out for their citizens B) making it clear who's boss
- elevatedastalt 3y agoIt is, but all regulation is market manipulation (like, literally. It forces the market equivalent away from the free market). We have decided it's ok to vest that power in governments.
- scarface_74 3y agoEU App Store revenue is 7% of total App Store revenue.
- dns_snek 3y agoHow's that relevant? It's their second largest market for iPhone sales, representing around 25% of total units sold. If, as the parent comment suggested, the EU intervened and somehow banned Apple's services in the EU until they started complying with the law, new iPhones sales would effectively drop to 0.
- scarface_74 3y agoIf all App Store sells stopped in the EU, it would be 7% of their App Store revenue which is only part of their services revenue which is only 1/5 of their overall revenue. EU is Apple’s third largest market. The largest market ping pongs between China and the Americans https://www.macrumors.com/2023/08/29/china-biggest-iphone-market-q2-2023/ https://www.macrumors.com/2023/08/29/china-biggest-iphone-ma...
- swexbe 3y agoChina iPhone sales are down 24% yoy. With continuing friction this will not be a market they can count on in the future. https://www.bloomberg.com/news/articles/2024-03-11/apple-to-open-new-shanghai-store-amid-recent-slump-in-china https://www.bloomberg.com/news/articles/2024-03-11/apple-to-...
- scarface_74 3y agoiPhone sales are always down until there is a new form factor. This has been true since at least the 6S
- dns_snek 3y agoWhy do you keep talking about their app store revenue? IF the EU applied pressure on Apple by blocking their services, both app store and iPhone sales would disappear overnight. Nobody is going to buy an iPhone that doesn't work.