“Growth for the sake of growth is the ideology of the cancer cell”
The stock price will fall if we don't make more money then we did last year.
Because we are legally obliged to do what is best for shareholder, or they can sue us.
About sums it up
Accurate. The laws need to find a balance as I get shareholders who took a risk on business would like to see a return, but it is way too slanted to the point that the risk is on our entire society. We need people to be in those laws not just shareholders.
Maybe stock market was a mistake?
I think it's a great idea in theory. Basically a form of decentralised loans. You need money to invest, you sell shares of your company to get some cash. In return the shareholders get a return if you succeed. And of course they can sell their shares if now your company is worth more. Seems alright with me tbh.
But nowadays it just seems like a fucking casino.
I thought this was about a cereal for a hot second.
I love Apple Jacks. I haven’t had them in years.
Please vote with your money. Don't waste money and buy overpriced stuff and certainly don't support this kind of business practice. And fuck the shareholders too. If they want money, then work like most people.
Already do. Used to buy new phone every year. Now it’s every three years or so. That is completely due to price and lack of compelling innovation. Don’t care if shareholders make money or not. I just like good value.
I do not understand all the rage, Apple does not provide any vital services or products. They can charge anything they want. If you don't like it then don't buy it.
It's always been trendy to rage at Apple and Apple owners. This is just the current rage.
but you still lock yourself in their offer space when you also bought devices that kind of depend on those services: music streaming for the homepod, fitness+ for watch, cloud storage for iphone photos...
every time you switch from apple to a third party, it's ever so slightly less convenient, and they probably conceive their products around that notion.
Yes you have to decide if the cost of the convenience is worth the lock in and price of Apple products. At the end of the day you still have a choice.
That is the thing with for profit companies, especially publicly traded ones. No matter how much they make, it is never enough. Next quarter must always be higher than this quarter or the world is on fire and heads will roll.
"our company only made 19 billion, we expected to make 19.1 billion, we are not sure how we are going to survive this"
The solution is simple: Don't participate in the Church of Steve Jobs, don't turn yourself into an Apple disciple (and apologist).
They are epitome of passive aggressive capitalism. “Will keep doin unethical shit til they make a law not to and even then you have to sue me to make me stop”
It’s nestle’s MO.
I had to read the title several times before I understood that the article isn't about Apple Jacks, the cereal.
The thing I loved about Apple 15+ years ago was that even though the hardware was expensive, it was semi modular and tightly integrated with the software and you got an offline product that you could also buy Apple server equipment and software for. 10 years ago was still ok but things were starting to erode.
These days there is no server software, no modularity, no ways to use enough of the new features without a cloud subscription and the hardware is just as expensive and designed with defects to limit it's lifespan (in my opinion). They want to have their cake and eat it too. I was a proud Apple fan boy but not a blind one. Well now they can fuck off. Bye.
I'm now fanboying about Framework and Pine64.
Apple’s been ignoring professional users for a while now. Folks in sound and video production were the ones who kept them alive in the 90s. But they turned Final Cut Pro into iMovie+ and their professional machines are impossible to upgrade or repair.
Remember the outrigger cases? Or the G3/G4? Beautiful design, great airflow, and one latch and the whole thing opened up.
I can get the TV+ hike. I don’t like it, but I get it. When TV+ launched it had very little content and no one was going to pay for that little content unless it was cheap. But now there is a pretty good library of new stuff, and it’s usually of better quality than what’s floating around on HBO.
Arcade price hikes - now that seems like a good reason to cancel Arcade. If they’re going to add better games that take advantage of the new fast processors, I can understand console tier pricing. But the games still mostly feel like mobile games. And not mobile as in “Nintendo Switch,” mobile as in “flappy bird.”
The logic is that others raised subscription prices and got away with it, so they can too. Masks have come off in the last 1-2 years and corporations try to milk us for every last cent, using any excuse (e.g. Covid, energy prices) they can. Inflation is not a law of nature, it’s corporate greed for more profits
Why are consumers so dumb?
Consumers are not dumb, they're just nearly powerless.
Very untrue. Consumers have the power to buy far cheaper Android phones where they have far more freedoms, but not only do the majority of American consumers refuse to do this, they voluntarily and systematically shame those who do.
Statistically, Most American consumers are pretty dumb and act against their own interests
Workers and consumers actually have all the power, they just don't want to inconvenience themselves by using it. Collective action has destroyed empires and absolutely can annihilate multinationals.
We need to abolish public trading, or at least vastly overhaul what it means to invest in a company
Minimum investment times and mandatory profit sharing might help.
Make investors consider long-term and create income for shareholders from all profitable companies.
Right now a company can lose money while making shareholders rich, or make money while making shareholders poor. This is stupid.
And why would I want an apple anything? They get cheap labor so....what the investors want more money? Never had an iPhone or apple product never will.
Hate to burst your bubble on that one, but all of the latest and greatest phones are made by cheap labour these days. Apple uses China and India, Samsung uses Vietnam, Google uses China and Vietnam with some assembly in the US.
I’ve been an Apple loyalist since 1993. Practically everything I’ve loved about the company has gone to shit in the past few years. It used to be inspirational, seamless, intuitive. Now every new OS update makes something needlessly complex and confusing.
On top of that, they’re increasing prices for their services. I genuinely love Apple TV+ and still think with the increase that it’s an incredible deal. Still, they can suck a dick if they think I’m falling prey to this annual price increase bullshit. Apple stopped being an industry leader under Cook and became a basic vanilla consumer electronics and digital services company. It’s fucking disappointing.
What’s worse, they still do most things better than the competition so there’s little to do but hope things don’t break and disable auto updates. I have nearly every product category they put out but as things start to fail, I will not be replacing them. Instead, I’ll simply choose a more simple life without excessive tech.
They are just mad that they lost to "right to repair" in California so they are throwing a "fuck em we will charge them double then" tantrum.
Did any of the Foxconn workers that have to live in company dorms for slave wages get a raise?
Dang. That zany Kellogg’s cereal that the cool frog sells makes $19 billion a year 😳
Apple doesn't make any kind of necessity. Every single one of their products is completely optional in life and has alternatives.
If people are willing to pay for it, whatever. It's a luxury. It's not medicine or housing.
I find fanboyism pretty much a naïve attitude to have. These are large companies that only have one aim in mind, and that is to make as much money as they can out of you. That is not the same as buying into an infrastructure that gives you a comfort zone. All phone companies strife to push people into that comfort zone, where they do not want to change. On that I am guilty as charged.
All in all you spend your money where you feel happier about it. If Apple want to out price their products then people will find alternatives. I never understand this culture of griefing people for having differing comfort zones. There seems to be a lot more emphasis on calling out people buying a bad deal, rather than just educating people on where the good deals are to be had.
Yes, but what if company was worth four trillion.
In any case, dollar down, prices up.
wall street hungry, feed me
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