I really wish I’d stopped reading the comments after this...
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Tim Cook Says App Store Would Become a 'Flea Market' if Third-Party Payment Systems Were Allowed
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Man, we used to go the flea markets in Las Vegas every Saturday morning. There was this one Mexican guy who made the best breakfast burritos in Clark County. Mmmm. Flea markets can be fun.
Nice try, but we all know exactly what Apple meant with that statement.So now it’s racist to say you never know what you’re gonna get shopping at flea markets. Hahahaha. Jesus. Ironically, you characterized him comparing to a flea market as a lower standard.
Just been reading his comments. Pretty damning indictment of the AppStore review process. Even Apple’s own managers think the review process is a joke.
That's random excuse #42 Tim... The real reason is that you and your Apple Store exec mafia established for life does not want to "leave money on the table".
Are you saying that rich minorities also goes to flea markets in the U.S.?
If Apple would have been honest and took a 30% cut right from the beginning, they wouldn't be in so much trouble now.
But since they attracted developers with a much lower cut and later raised it to 30%, Apple deserves all of this.
But since they attracted developers with a much lower cut and later raised it to 30%, Apple deserves all of this.
Ya, they do though. Merchants use Visa and Mastercard for access to their customer base. They have become mostly ubiquitous now, but it used to be that stores had one or the other (like Costco still does) or not at all (like McDonalds and Walmart. In the end they became a good substitute for cash and there is a value prop for retailers going through those platforms. This is not to say that the app store isn't so much more than that, because it is.
I can't speak for the US flea market situation, but in many countries people of all races and economic levels visit flea markets for a variety of reasons: fun, food, to see what is on offer, to chat with vendors and fellow attendees, to perhaps purchase something interesting, to barter, to get out of the house etc.
Yes, they are trying to change their business model by using their product networks to bundle services into their own stores.
I wished EPIC just focused on games, first because they really screwed their customers over with how they left apple, and also because i don't need more financial services, particularly from Tencent/these yahoos.
Speaking as a dev or observer. And if dev, let's say apple reduced the commission rates by 15%, what difference in your income would it make and would you pass on the savings to your customers.
I love a good flea market on a Sunday morning. A lot more entertaining than a regular shop.
Flea = small flightless insects that survive as external parasites of mammals and birds by sucking their blood.
In Germanic speaking countries they use a word for a small bloodsucking flightless insect which survives as a parasite on mammals and birds such as "Flohmarket" (German), "Loppmarknad" (Swedish), "Loppemarked" (Norwegian/Danish).
In Australia it is called "trash and treasure markets".
The name likely came from the fleas you could find in old furniture sold at a .... flea market.
I remember when you could download games on iOS with no dlc or ads. Apple already brought down the experience just to make more profits. This time it’s mostly about keeping people from making money that they can’t skim from the top of.
Or you could you the money to improve the app or hire additional developer(s). What's Apple going to do with it? Buy back more stock? Dividends? Pile it on top of the mountain of money they have?
A better analogy is that the app store is a shopping mall. The shopping mall attracts a lot of consumers and each developer pays for that premium. If they don't like it, they can establish their own independent stores somewhere.
Yes, grocery stores (Doesn't Walmart sell groceries?). They operate on thin margins... usually 2% to 3%.
What Is the Profit Margin for a Supermarket?
What Is the Profit Margin for a Supermarket?. Although Americans spend about 10 percent of...
smallbusiness.chron.com
The same goes for gas stations where margins are around 2%
Why Gas Station Profits Are Drying Up
Privately held gas stations are barely growing revenues and seeing average profit margins of less than 2 percent.
You know who also has thin margins? Amazon. It's Amazon's AWS division which generates the bulk of Amazon's profits, not their retail division.
Is Amazon Finally Getting Serious About Retail Profitability?
Despite its incredible scale and rapid growth, Amazon is still a major profitability laggard. But recent results provide clues into the challenges and opportunities for the e-commerce behemoth to improve operating performance.
www.forbes.com
Macy's operating margin is just over 6%. In recently reporting what was widely seen as a blowout quarter, Amazon is just now approaching a whopping 2% in its non-Amazon Web Services business.
You mean like how when purchases made through Amazon, Walmart, Target, Uber, et al apps the payment goes directly to the company/developer?
That's not how it works with apps.
I guess basically as an observer, who has an opinion on the matter that Apple should earn less because you said so?
But it's my opinion the app store would go south, revenues from apps would decrease, malware incidents would be up if some of the changes suggested by the observers came to pass.
Having a 3rd party payment would be an additional payment option, Tim. An option. You know what "option" means, Tim?
Having a 3rd party payment option wouldn't make the App Store a flea market... no more so than a brick and mortar store having payment options aside from cash.
It would not be one store with several payment options. It would become many stores and each store would have one or more payment options. Very much like a flea market or a mall.
Epic could setup their own application store which was the only place to get Epic apps. Microsoft, Amazon, Google, Adobe, Spotify could do the same for their apps. Trump could set up a MAGA store where only apps approved by him would be allowed.
And the important thing here is that the App Store wouldn't necessary have those apps.
Apple may regret the Epic lawsuit they instituted. Many of us have known the app review process is a joke and cursory. Now the whole world knows and it's at odds with Tim's glowing talk about the security of the App Store.