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Yeah, the market loves growth and services have been their growth lately so that being hit is a big deal for the stock price (and execs are bonused on stock pri
by disgruntledphd2 1y ago
Yeah, the market loves growth and services have been their growth lately so that being hit is a big deal for the stock price (and execs are bonused on stock price).
Additionally, because they control all of the payments on iOS they can provide much better targeting to advertisers for purchases, which open payment processes would reduce the value of.
But they've played this so badly that they are going to lose most of their app store revenue at this point. Sucks to be them I guess.