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Apple jacks prices to juice profits because $19.3B a quarter isn't enough
(www.theregister.com)
this post was submitted on 26 Oct 2023
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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.
The problem is their moat. If customers can easily go somewhere else hiking prices will have clear consequences.
*if there is actual competition.
Reddit has competition but also a big moat in that a lot of people need to collectively decide to move platform.
No disagreements from me. Enshittification at its finest.