True. It's likely they don't want App developers to know total revenue/cost incurred based on Apple's royalty percentage scheme.Wow, the level of incompetency if Apple truly does not break down P&L for the app store.
He has a "feeling" that it might be profitable?
Regards,
SB
I think they know but it's proprietary info.
they don't for instance report iPad sales unit volumes. That's for competitive reasons, though iPad is the best-selling tablet.
So you're saying he's lying or ignorant and a bad CEO.
Apple shareholders aren't going to ask for his ouster any time soon. That's who he answers to.
If Epic wants to try to show he's lying they should have at it.
Heres some other times tim cook has lied in front of congress (which carries a 5 year prison sentence)
https://medium.com/hyperlinked/all-the-times-tim-cook-lied-in-front-of-congress-30e7cd053ae2
Yeah go ahead and believe that if you want.
He may not know every line item in the balance sheet but that means he doesn't know what his company is doing?
Ask how many APPL shareholders want to fire him.
Is Epic a public company?
Apparently there's been talk of an IPO. Or maybe they can do a SPAC.
Or maybe Sweeney gets enough of the profits that he doesn't have an incentive to go public at all.
Buck, the top Republican on the House Judiciary antitrust subcommittee, has raised tens of thousands of dollars from companies such as Microsoft, Oracle and Fox Corp. since June 2019, a POLITICO analysis of campaign finance disclosures shows. Buck has pushed for laws and rules that could boost the companies' abilities to compete with the likes of Google and Facebook. His increasingly aggressive stance has also won him praise as a trailblazer among GOP trustbusters, part of a notable shift in his party’s attitudes toward reining in corporate monopolies.
...
“One reason tech antitrust has attracted so much attention on the Hill is because the victims are not only small and medium-sized enterprises, workers and consumers — but also other large corporations,” said Sandeep Vaheesan, a legal director with anti-monopoly think tank Open Markets Institute. “Some of the victims of these monopolists have real lobbying power, the money to donate to political campaigns and [the ability to] support counter-narratives to challenge the hegemony of the big players in tech.”
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Buck has received over $50,000 from corporate rivals of the major tech companies and their lobbyists since the House Judiciary antitrust subcommittee began its bipartisan investigation into the big tech companies in June 2019, according to a POLITICO analysis of the congressman’s filings with the Federal Election Commission.
He obviously knows, And the judge realizes Hopefully this will sway them to go oh so you think you can blatantly lie to my face, well sorry I deciApple is guilty then.The chance that he doesn't know if the app store is profitable is zero. His excuse when challenged about lying would likely be, 'I wasn't sure if we made $20billion or $20billion and 10 cents' and I didn't want to offer incorrect data.
The bipartisan “Open App Markets Act,” introduced by Sens. Richard Blumenthal (D-CT), Marsha Blackburn (R-TN), and Amy Klobuchar (D-MN) would ban app stores from forcing developers to use the store’s payment systems. It would also bar companies from punishing developers that offer lower prices on a separate app store or through their own payment systems, along the lines of Apple’s public dispute with Epic Games. Notably, the bill would also make it unlawful for companies like Apple to use non-public data from their stores to build competing products against companies using their service.
“APPLE AND GOOGLE HAVE SQUASHED COMPETITORS AND KEPT CONSUMERS IN THE DARK”
“For years, Apple and Google have squashed competitors and kept consumers in the dark—pocketing hefty windfalls while acting as supposedly benevolent gatekeepers of this multi-billion dollar market,” Blumenthal said in a statement Wednesday. “This bipartisan bill will help break these tech giants’ ironclad grip, open the app economy to new competitors, and give mobile users more control over their own devices.”