The problem here is image. Every time Apple, the most valuable company in the world, bullies the little guy it looks bad. More than that it incentivizes governments to reign them in with regulations that will cause them significant harm. The EU is licking its chops to go after Apple. Every move that causes another company to become bitter at Apple is another tool the EU and yes, the US will use to justify regulating them. I’m not saying Apple is doing anything wrong, but they seem to quickly forget how they were the small underdog that almost faded away
Looks bad to who? Tech blog denizens? You do realize stuff like this never makes it to the national psyche. And again your argument seems to imply that accessory vendors have some kind of right to be in an Apple Store on their own conditions. These smaller companies are just as cutthroat as Apple, maybe more so. I don’t get the concept of socialism in business relations espoused by some here. Apple has an obligation to support other businesses that thrive on their coattails?
Looks bad to companies petitioning the EU to regulate Apple. Looks bad to EU officials looking for any excuse to reign Apple in. Again it’s not that Apple is doing anything illegal, it’s the image. This is even worse given the timing when small businesses are suffering from the pandemic. Now’s the time they choose to squeeze the vendors. When they’re sitting on billions in cash. It just adds to the public image of Apple being the ultimate greedy corporation.
You see, this is the kind of crap that will get Apple in trouble.
Why is that? And what is the trouble you speak of. And what "crap" is that? Trouble? Seriously, explain your comment. Stop throwing vague "crap" (your word, not mine) like that out there. You want the government to stop this? You want a law passed?
Changing the payment terms to 60 is pretty lame. Going to a consignment model is not. It's been in use by many industries for decades and still is. Unsold inventory goes back to the manufacturer and they get paid for what they sell. It's part of the price they pay for having the sales outlet. The seller does not accept inventory risk.It's called smart business and cash management. Ever buy goods through Amazon and return something that came from a third party supplier? Every buy clothing in a retail store? I don't think you understand how common this is in retail sales of non-perishable goods? You think Walmart and Target pay suppliers for unsold inventory of non-perishable goods? You think any big retailer pays up front when they don't have to? It's the price you pay to do business with them. Worth the risk for most of them.
Right. As an accountant what Apple is doing maker perfect sense. If is am reading things right it sounds like a "net 60" set up which is light years above a Net 90 set up which given the COVID situation I could see many businesses trying to sue.
You see, this is the kind of crap that will get Apple in trouble.
Just about every retail chain does this: Walmart, Target, Macy's, Walgreens, Home Depot, Best Buy, Verizon, AT&T, Nordstrom, etc.
What many people do not realise is that most large retailers make a significant amount of money from the interest earned on receipts from sales before they have to pay their suppliers. If you have ever sat with the buyers from any of these large retailers, you would be shocked at the terms that they are able to extract from suppliers desperate to get their goods onto their store shelves.
You see, this is the kind of crap that will get Apple in trouble.
Just about every retail chain does this: Walmart, Target, Macy's, Walgreens, Home Depot, Best Buy, Verizon, AT&T, Nordstrom, etc.
What many people do not realise is that most large retailers make a significant amount of money from the interest earned on receipts from sales before they have to pay their suppliers. If you have ever sat with the buyers from any of these large retailers, you would be shocked at the terms that they are able to extract from suppliers desperate to get their goods onto their store shelves.
Doesn't mean Apple who purports to be "ethical" has to do the same.
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What many people do not realise is that most large retailers make a significant amount of money from the interest earned on receipts from sales before they have to pay their suppliers. If you have ever sat with the buyers from any of these large retailers, you would be shocked at the terms that they are able to extract from suppliers desperate to get their goods onto their store shelves.