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The sad truth is, if Apple were a private company, they could do this. Being a publicly traded company, their first responsibility is their shareholders. Hence,
by Derbasti 14y ago
The sad truth is, if Apple were a private company, they could do this. Being a publicly traded company, their first responsibility is their shareholders. Hence, they can not indulge in good-heartedness just for the sake of it if there is even a slight chance that it won't bring in money.
This is the big big problem with the stock market.
- anextio 14y agoThat's a fairly common meme and a complete misunderstanding of the motives of corporations. Companies do lots of things that don't immediately look like profit-gaining moves to investors. Actually, put another way, do you think that Google is not a corporation, and instead a basket of goodwill, since they market things as 'open'?
- Derbasti 14y agoNo, but then I don't think that Google is a basket of goodwill. Quite the contrary, actually.