Judge rules Apple executive lied under oath, makes criminal contempt referral • Hacker News Board

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#331

Post by ilogik » Fri, May 02, 2025, 9:10 AM UTC

buran77 wrote: post #324

rdtsc wrote: post #130

Link to the court doc: https://storage.courtlistener.com/recap/gov.uscourts.cand.36... > The testimony of Mr. Roman, Vice President of Finance, was replete with misdirection and outright lies. He even went so far as to testify that Apple did not look at comparables to estimate the costs of alternative payment solutions that developers would need to procure to facilitate linked-out purchases. (May 2024 Tr. 266:22–267:…

> So was Roman incompetent or just kissing ass hoping to become the President of Finance Why do you think Apple sent the Vice President to such a high visibility trial and not the President, who is the person with the ultimate authority and accountability in Finance? In any large enough organization (and I haven't stumbled on one where this wasn't the case), private or public, the people at the top are shielded by a…

[flagged]

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#332

Post by seabass » Fri, May 02, 2025, 9:21 AM UTC

Imustaskforhelp wrote: post #257

I am not sure but it does seem that apple's stock price has taken a hit. https://finance.yahoo.com/quote/AAPL/ Maybe somebody could enlighten me but the off hours part shows -2.3%, is that a correction because people are losing faith in apple or what exactly? and would these off hours loses get converted to on hour losses or what exactly? (Sorry I could ask AI but I might as well ask here as well) So I had done some…

The news did not affect the price in the way you are describing. The AH drop you are noticing was well after markets had time during the trading day to react. The timeline is important: the earliest archive link of the news I can find is from 11:55pm UTC April 30th. This leaves the entire trading day May 1st for the market to react. Apple’s earnings call was also May 1 after hours and it was their quarterly financials that led to the drop you described. In addition, pre- and post-market trading tends to have higher volatility due to the lower volume. In other words, markets are not pricing in a significant hit to Apple’s bottom line as a result of this ruling right now.

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#333

Post by scarface_74 » Fri, May 02, 2025, 9:32 AM UTC

rdtsc wrote: post #130

Link to the court doc: https://storage.courtlistener.com/recap/gov.uscourts.cand.36... > The testimony of Mr. Roman, Vice President of Finance, was replete with misdirection and outright lies. He even went so far as to testify that Apple did not look at comparables to estimate the costs of alternative payment solutions that developers would need to procure to facilitate linked-out purchases. (May 2024 Tr. 266:22–267:…

Another thing that came out from the transcript (and this was called out by Ben Thompson of Stratechery) that Phil Schiller who is head of the App Store actually read the entire ruling and spoke up and wanted Apple to follow the spirit of it.

He was actually complimented by the judge. Schiller was overrruled by the CFO.

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#334

Post by scarface_74 » Fri, May 02, 2025, 9:35 AM UTC

jwilber wrote: post #321

crims0n wrote: post #108

Earlier quoted context omitted.

> Judging by political positioning, cook’s donation to trump’s inauguration didn’t sit well with the fanbase. On the other hand, it may have saved his company billions on tariffs.

Only 100 days on and we celebrate open crony capitalism as a smart business decision.

It is a smart business decision. Don’t blame Apple for operating within the environment that the US voters voted for. The US knew exactly what it was getting - said as American citizen.

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#335

Post by scarface_74 » Fri, May 02, 2025, 9:37 AM UTC

mike-the-mikado wrote: post #236

Molitor5901 wrote: post #52

Earlier quoted context omitted.

I think Apple has needed a change of leadership since day one of the Cook era. He may have been brilliant at logistics and putting products on shelves, but I think Apple innovation has flatlined under Cooke and if anything, the holier than thou arrogance of Apple in general has grown exponentially. Maybe it's time to breakup Apple - separate the computer and phone divisions.

A more user friendly option would be to separate them into a hardware and a software company. The hardware company would have to publish specs allowing anyone to offer operating systems running on Apple hardware.

And then it would be just as bad as Windows and Android.

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#336

Post by scarface_74 » Fri, May 02, 2025, 9:39 AM UTC

pmontra wrote: post #316

jagged-chisel wrote: post #269

Earlier quoted context omitted.

Apple didn’t lose money because their stock price dropped. All their shares out in the world lost that much value . The stock price has little, if any, affect on the company and its bank accounts.

It means that Apple and their shareholders can do less things with those shares. Buying companies with their shares or selling shares to buy a car.

Apple buys mostly small companies with cash.

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#337

Post by scarface_74 » Fri, May 02, 2025, 9:41 AM UTC

offtotheraces wrote: post #328

App Store has been a cesspool of liars and thieves, criminals and sadists for years, from Phil Schiller to Bill Havlicek and many, many more.

The judge actually complimented Schiller for wanting to follow the spirit of the ruling based on discussions that were had inside Apple and he was overruled by the CFO and Cook.

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#338

Post by shaunkoh » Fri, May 02, 2025, 9:45 AM UTC

offtotheraces wrote: post #328

App Store has been a cesspool of liars and thieves, criminals and sadists for years, from Phil Schiller to Bill Havlicek and many, many more.

Phil Schiller came across well here in the report. He was overruled by Tim Cook.

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#339

Post by dredmorbius » Fri, May 02, 2025, 9:46 AM UTC

ilogik wrote: post #331

buran77 wrote: post #324

Earlier quoted context omitted.

> So was Roman incompetent or just kissing ass hoping to become the President of Finance Why do you think Apple sent the Vice President to such a high visibility trial and not the President, who is the person with the ultimate authority and accountability in Finance? In any large enough organization (and I haven't stumbled on one where this wasn't the case), private or public, the people at the top are shielded by a…

[flagged]

https://news.ycombinator.com/item?id=42616706>

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#340

Post by okanat » Fri, May 02, 2025, 9:55 AM UTC

scarface_74 wrote: post #334

jwilber wrote: post #321

Earlier quoted context omitted.

Only 100 days on and we celebrate open crony capitalism as a smart business decision.

It is a smart business decision. Don’t blame Apple for operating within the environment that the US voters voted for. The US knew exactly what it was getting - said as American citizen.

Oh yeah. Don't blame all the German companies that used slave labor in concentration camps either. Unhinged capitalism is a mind disease that only ends up in fascism.