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EU rejects Apple's changes: Company could be fined 10% of global turnover

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Re: EU rejects Apple's changes: Company could be fined 10% of global turnover

#43
post #35

Earlier quoted context omitted.

>>This is why I like Trump to win so that he can tell these EU blood suckers to back off American Companies and stop using them as a piggy bank because their sad, pathetic regulations are literally kneecapping an entire industry. If Americans don't want to play by European rules, they are absolutely free to stop doing business here. No one is forcing them. Also how do you imagine it working? Trump becomes president a…

[flagged]

>>Yes, if we want to protect their sorry assess from Putin or something, they better come to the table with compromises.

Is this what you think this is about?

>>Like I said, this is what great leadership is working to the benefit of both countries.

What do you mean? What leadership exactly are you talking about? Right now you have a senile grandpa in charge, and you're advocating replacing it with another senile grandpa - both of them belong in a nursing home. Neither one should be deciding anything about economy, not even because of their age but because that's not what presidents do.

>>while sad / pathetic EU is still mired in one.

In one what? Recession? No country in the EU is in one.

>>10 years from now where EU is behind everything where even Saudi Arabia / UAE / CHina have leapfrogged EU in terms of innovations and GDP, it will start becoming more and more irrelevant.

Do you sell crystal balls, and if yes can I buy one?

Re: EU rejects Apple's changes: Company could be fined 10% of global turnover

#44
post #35

Earlier quoted context omitted.

>>This is why I like Trump to win so that he can tell these EU blood suckers to back off American Companies and stop using them as a piggy bank because their sad, pathetic regulations are literally kneecapping an entire industry. If Americans don't want to play by European rules, they are absolutely free to stop doing business here. No one is forcing them. Also how do you imagine it working? Trump becomes president a…

[flagged]

> Saudi Arabia / UAE / CHina

Those aren't good examples of free markets/low government intervention.

Re: EU rejects Apple's changes: Company could be fined 10% of global turnover

#45

Earlier quoted context omitted.

Economic and technological isolation is what's best for the people of the EU? Because that's the downside here.

I don't understand - using apple products is some kind of blessing from the gods and without them Europe is now going to be in "technological isolation"? Get real for a second - apple devices are luxury and if Apple pulled out of EU tomorrow the only losing side in that equation would be apple. No idea why we'd be in economic isolation because of that either. Is our trading of general goods with US reliant on Europea…

Each little anti-business decision is a multiplier on the previous one.

For a long time, nothing happens.

Next thing you know, your economy is half the size it could have been. About 15 years ago, the US and EU economies were actually the same size. Since then, the US almost doubled, and the EU is literally stuck at the same size. Why should Europeans be so much worse off? Surely they deserve better - more money, more options?

Furthermore, this is clearly part of a larger pattern of targeting big US tech companies. This isn't endearing the EU to business and political leaders in the US.

Re: EU rejects Apple's changes: Company could be fined 10% of global turnover

#46

Apple’s revenue was over 100B last quarter ( https://valustox.com/AAPL ) and about 380B over the past four quarters. Looks like they make about 30% of that in Europe. Sounds like about 80% of their headaches come from Europe. If they get fined 10% of 380B, and the EU becomes ever more fine-happy, it will at one point make sense to simply shut down in Europe. As an aside, it’s baffling to me why an aging continent wit…

> If they get fined 10% of 380B, and the EU becomes ever more fine-happy, it will at one point make sense to simply shut down in Europe. Surely compliance with the law is more profitable then stopping trading.

> Surely compliance with the law is more profitable then stopping trading.

Well, that's the rational point-of-view, yes.

...but the most surprising thing to me to come out of this whole thing was how Epic Games was given the same choice w.r.t. Apple's App Store in-app-purchasing rules, but they decided to do the very irrational thing and sacrifice 100% of their income from their iOS players by being banned from the App Store instead of complying with Apple's "law".

I'm still trying to understand what went through Epic's leadership. They can argue it was over a moral principle, but their case (at the time) was so weak it made them look worse than Apple in my eyes.

It's like if Epic was Rosa Parks, but if she sat at the front of the bus in order to give a timeshare sales presentation to the other riders.

Re: EU rejects Apple's changes: Company could be fined 10% of global turnover

#47
post #41

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The patent and rights monopolies of corporations are maintained and defended by the state. Corporations cannot profit from IP rights guaranteed and defended by the state then turn round and insult the state.

The state giveth and the state taketh.

Re: EU rejects Apple's changes: Company could be fined 10% of global turnover

#48
post #35

Earlier quoted context omitted.

[flagged]

>>Yes, if we want to protect their sorry assess from Putin or something, they better come to the table with compromises. Is this what you think this is about? >>Like I said, this is what great leadership is working to the benefit of both countries. What do you mean? What leadership exactly are you talking about? Right now you have a senile grandpa in charge, and you're advocating replacing it with another senile gran…

The problem with arguing with non-moderates is, they absolutely can't get facts right

https://think.ing.com/snaps/german-economy-still-stuck-in-re...

https://think.ing.com/snaps/france-stagnation-continues/

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