Last.fm founder Richard Jones lambasted Apple

YosemiteSam

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Apparently not one to mince words, Last.fm founder Richard Jones lambasted Apple for their recently announced app store subscription rules.
&#8220;Apple just < censored > over online music subs for the iPhone,&#8221; Jones wrote in an IRC chat earlier this week. Two days ago, Rhapsody also chastised Apple&#8217;s new policy, explaining that giving Apple a 30% cut on all subscriptions originating from an iOS app wasn&#8217;t economically viable.

Taking things further, Jones angrily theorized that by effectively preventing subscription services like Rhapsody and Spotify from thriving on iTunes, Apple is paving the way for its own music subscription service where it will, surprise surprise, face little to no competition. Apple, though, has expressed little, if any, interest in setting up a subscription music service. Steve Jobs famously likes to say that &#8220;people want to own their music, not rent it.&#8221; But let&#8217;s say Apple pulls an about face and offers iTunes subscriptions down the line, the anti-competitive implications of Apple&#8217;s 30% subscription rule might then carry some weight. As it stands now, it&#8217;s hard to plausibly argue that Apple is in violation of anti-trust regulations when market competition with the iOS app store and the iPhone is immense.

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I can't link to the article itself as they did not censor it. You can find it over at www.edibleapple.com. The article is dated today.

Job's ego built and will destroy Apple. Just like it almost always does for his projects.
 

YosemiteSam

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You could hold on to it for a while and we will see where that gets you. ;)

I mean, there is only one direction it can go from here really.
 

theogt

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nyc;3851388 said:
You could hold on to it for a while and we will see where that gets you. ;)

I mean, there is only one direction it can go from here really.
Yeah, up given a constant PE ratio and growth in revenue and earnings.
 

YosemiteSam

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theogt;3851433 said:
Yeah, up given a constant PE ratio and growth in revenue and earnings.

Time keeps on slippin', slippin', slippin'...into the future.
 

theogt

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nyc;3851447 said:
Time keeps on slippin', slippin', slippin'...into the future.
Clearly Steve Jobs is an idiot that doesn't know how to run a company. The price of the stock isn't based on just magical valuations. It's based on actual earnings. As earnings have grown, so has the price. The PE ratio has stayed relatively constant. In 2011 and beyond, sales of iPhone and iPad will continue to grow as the company's main revenue drivers (iPad already counts as over 15% of the company's revenue, IIRC). And if they introduce a smaller, "cheaper" version of the iPhone based on prior versions' hardware, it will send earnings through the roof.

Short it, please (this is not actual investment advise).

VpPLb.jpg
 

YosemiteSam

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Ever heard of NeXTSTEP? The man is smart and has great ideas, but he lets his ego get the best of him and ends up ruining it. He built Apple up once before and damn near ripped it apart. They canned him. The problem with that is they hired the wrong person to take over.

He started NeXTSTEP and mangled that up.

He has built Apple up again and has already begun to tear down what he built. What is doing it? His all controlling ego. You just can't see it because you have your hand down his pants. :rolleyes:
 

theogt

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nyc;3851753 said:
Ever heard of NeXTSTEP? The man is smart and has great ideas, but he lets his ego get the best of him and ends up ruining it. He built Apple up once before and damn near ripped it apart. They canned him. The problem with that is they hired the wrong person to take over.

He started NeXTSTEP and mangled that up.

He has built Apple up again and has already begun to tear down what he built. What is doing it? His all controlling ego. You just can't see it because you have your hand down his pants. :rolleyes:
Belichick sucks as a coach. Just look at how bad he was in Cleveland.
 
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