mathpunk
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European Union smacks Apple with $2 billion fine over music streaming
It's interesting that Apple will do whatever the Chinese government wants without uttering a peep, but they whine kicking and screaming about any regulation whatsoever in the EU. I say this as an AAPL investor as well as a user, but Apple management really seems to have a problem reading the room sometimes. Anyone could see this was coming, but Apple seems to want to cling onto their precious App Store margins no matter what; it's as if they know the hardware revenue is going to slow down and they are scrambling to do anything to maintain revenue. In the long term, I think this is going to hurt Apple, as they could give up some the services margin in exchange for good will with developers and government regulated markets and be better off down the road. Right now they are just alienating a lot of people by digging their heels in, and they still don't have a modem of their own, and their software stack is a mess.