Apple buys a company every three to four weeks
24/02/2021
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The technology giant has bought around 100 companies in six years, chief executive Tim Cook has revealed.
I hate my iPhone. I'm made to have one for work. It's rubbish compared to my Android phone. If you mention this to anyone they gasp in horror because Apple products have some sort of mythical status, but when you compare them to the alternatives they're nowt special.
if I need a phone or laptop what else could I buy, they have a monopoly
Quite right. A colleague at work was bemoaning the fact he was paying £45/ month on contract for his iphone when I told him my android phone does the same thing from Tesco for £7.50/month
iPhone's failure to innovate has seen Android take an 85% market share of smartphones. Apple buying other people's idea's is the only way to stay relevant. Tim's been throwing mud at the wall to see what sticks for ages, but hasn't done anything nearly as successful as Jobs.
No and no again , legislation changes habits not the people, as long as the politicians are paid in pocket by big tec then it will continue
Apple Good.
Microsoft Bad.
(apparently)
Microsoft Bad.
(apparently)
an apple a day and all that....you can see why/how a few companies are dictating how we are all going to live in the future....it used to be called monopolies.......but it seems to be a free for all nowadays...
Not much of RIM left to be honest. They've selling a lot of their IP at the moment.
Were $120 a share now $10.
Obsolete products and now niche car diagnostics.
Probably not interested.
Obsolete products and now niche car diagnostics.
Probably not interested.
It's easier to buy more companies when you don't pay as much tax.
It's easy to pay less tax when governments make tax laws that legally allow it.
Are you avoiding tax when you make use of your anual tax free allowance on your income? No, I thought not...
So don't blame big business when they effectively do the same by perfectly legal means.
Are you avoiding tax when you make use of your anual tax free allowance on your income? No, I thought not...
So don't blame big business when they effectively do the same by perfectly legal means.
The only reason they acquire these companies as they see then as a threat to their business. Eventually the whole world will be run by a handful of companies. There needs to be global competition laws to tackle this as its got out of hand.
Disney will own the TV, Nestle will own the food and Apple will own the tech
Left wing rhubarb!
Eliminating the competition is probably the reason in some takeovers but did you not read the article? In Apple's case they are buying ideas to incorporate into their own products. Their largest acquisition was Dre Beats which is hardly a competitor to iPhones, iPads and Macs.
They often do it for the technology. Despite what many believe, Apple don't really innovate. They take existing tech (from smaller companies) then improve them to set an industry benchmark to which other big tech companies strive towards (and often surpass).
As if that is going to happen, all the politicians in the UK and the USA are crooks in the pay of corporations. They're all on the take. Worse than the mafia in Italy.
already there - https://internationalbusinessguide.org/corporations/
My life in IT proved that if a company produce software that competes with the big boys it gets bought to shut them out. There were some good software companies that no longer exist because they charged a fraction of what Microsoft wanted. Sort of Mafia rule now.
Absolutely - and not just in IT.
It's the glaring flaw in capitalism: the most effective way to gain market share is not, as theory has it, to produce a superior product at a better price, but rather to merge with or buy out the competition - until there *is* no competition. Hence antitrust laws; but these are clearly inadequate to reign in the big players across international jurisdictions.
It's the glaring flaw in capitalism: the most effective way to gain market share is not, as theory has it, to produce a superior product at a better price, but rather to merge with or buy out the competition - until there *is* no competition. Hence antitrust laws; but these are clearly inadequate to reign in the big players across international jurisdictions.
Interesting comment but a tad bias. The big boys offer to buy up small companies but they can’t force small companies to sell.
It’s small companies eager to sell that enables this to happen. Why, because business is not about morality you suggest but individuals and Boards making a buck wherever they can!
It’s small companies eager to sell that enables this to happen. Why, because business is not about morality you suggest but individuals and Boards making a buck wherever they can!
Who recalls...
Embrace Extend Extinguish
But yeah... Bill Gates is a great guy... *cough*
Embrace Extend Extinguish
But yeah... Bill Gates is a great guy... *cough*
But, Bill Gates is such a nice man.
No different to other industries - we might have had electric cars much earlier in the 20th C had big oil not stopped that by buying up the companies developing the technology
Except the Mafia don't pay you - they kill you
Not sort of mafia rule - domination with remuneration
Not sort of mafia rule - domination with remuneration
I've worked with computers since the zx-81 and seen Microsoft evolve since DOS 1.0 - let's face it, Windows works, regardless of what the Linux and mac OSX "community" and the anti-capitalists think.
But the article is about Apple, so why are you slating Microsoft?
But the article is about Apple, so why are you slating Microsoft?
The whole point is to get bought out by the big boys. That's how the company founders exit with a big pile of cash to reward them for their hard work. Strangely the software engineer employees writing the code don't seem to be aware of this and think it's all about the product.
AWS - great example of monopolies rarely discussed when it really should be...
I think you are getting Microsoft mixed up with Apple. According to the BBC Microsoft are not even in the top 4. Seems your knowledge in IT is a bit low.
Absolutely agree, there were some exceptional software out there prior to Microsoft. Once Microsoft became the benchmark for operating systems they got busy buying out these companies so that the competition was removed
Apple has $193.82 billion in cash on hand: https://www.cnbc.com/2020/07/30/apple-q3-cash-hoard-heres-how-much-apple-has-on-hand.html
Apple's total net sales 2019 were 260billion, making them richer than 75% of countries and 'worth' more than countries such as Romania, Czech Republic, Portugal, New Zealand & Qatar.
Their stuff is massively overpriced compared to other brands.
Apple's total net sales 2019 were 260billion, making them richer than 75% of countries and 'worth' more than countries such as Romania, Czech Republic, Portugal, New Zealand & Qatar.
Their stuff is massively overpriced compared to other brands.
If they sell that many products, their stuff is clearly not massively overpriced.
Massively overpriced is actually an understatement. A few years back the 4GB or 8GB of RAM version macbook price difference was around £200. There was no other difference in the Macbooks. That 4 GB stick of RAM could be bought retails for about £22 at the time. Imagine what Apple would be paying wholesale for that part? They are on over 1000% mark up IMHO.
Thats like saying a Mercedes is massively over priced compared a Fiat Punto, they are aimed at different markets
But not so overpriced it doesn’t sell by the truckload. We live in a market economy this is what happens.
If you think it is massively overpriced then don't buy it. It's really very simple.
That's only if you try and compare it with cheap brands, try comparing it like with like and they charge about the same
Overpriced just like the £1400 Samsung note 20 ultra
"Apple has acquired about 100 companies over the last six years, the company’s chief executive Tim Cook has revealed.
That works out at a company every three to four weeks, he told Apple’s annual meeting of shareholders on Tuesday"
---
Could those shareholders not work that out for themselves then ? it's (6 x 52) / 100 in case they need some help working it out.
That works out at a company every three to four weeks, he told Apple’s annual meeting of shareholders on Tuesday"
---
Could those shareholders not work that out for themselves then ? it's (6 x 52) / 100 in case they need some help working it out.
Top Tip: don't become an after-dinner speaker.
Gone to pot since Jobs died, style over substance and declining quality control, cook is just an accountant so doesn't care
Sadly the UK specialises in selling it's Tech Companies to foreigners...... not buying Tech Companies itself.
So we are the opposite of Apple.
So we are the opposite of Apple.
Its shocking how we let ARM be bought out by Softbank a few years ago.
I want to see a government that actually walks the walk not just talk the talk of protecting our successful tech industry from predatory takeovers!
I want to see a government that actually walks the walk not just talk the talk of protecting our successful tech industry from predatory takeovers!
The UK doesn't sell anything to foreigners. That decision is taken by shareholders, and they have every right to do so as they own the companies.
The challenge is to build a company that the shareholders don't want to sell, or nobody can afford to buy. Like Apple.
The challenge is to build a company that the shareholders don't want to sell, or nobody can afford to buy. Like Apple.
an apple a day and all that....you can see why/how a few companies are dictating how we are all going to live in the future....it used to be called monopolies.......but it seems to be a free for all nowadays...
They do, what we want is Apple to pay their fair share of taxes instead of the lip service they pay now
I only pay the amount of tax I have to and so do Apple. The problem is with our stupid tax laws and not with these companies. Start going after greedy politicians and then you'll soon find the tax rules change then the likes of Apple end up being subject to sales rather than "profit" taxes.
I thought capitalism was supposed to encourage competition and innovation and improve society for everyone through improved quality of living and consumer choice.
Wake-up call: you've been told a lie.
This crony capitalism only delivers results for the elite and plutocrats. You will continue to support this by voting Tory.
Wake-up call: you've been told a lie.
This crony capitalism only delivers results for the elite and plutocrats. You will continue to support this by voting Tory.
lol. Capitalism, for all the good and bad, has delivered outstanding improvements in mobile phone technology and price. The internet is 20,000x faster& cheaper within 1 generation.
However, I agree the tech monopolies are disturbing, I actively try and avoid Samsung, Apple, Google& Facebook these days. European companies are getting better (Qwant.com is a far better privacy solution than Google)
However, I agree the tech monopolies are disturbing, I actively try and avoid Samsung, Apple, Google& Facebook these days. European companies are getting better (Qwant.com is a far better privacy solution than Google)
Capitalism has delivered the most wealth to the most people than any other economic model in history.
It only has the money to do this because you lot keep buying their stuff....
:-).
:-).
And you get to use the same cable..
Agreed.
I loathe my work's iPhone 7. Every time there's a software upgrade, my hopes that it will somehow make the phone more intuitive and user-friendly are always dashed.
I miss my old Samsung android phone. :-(
I loathe my work's iPhone 7. Every time there's a software upgrade, my hopes that it will somehow make the phone more intuitive and user-friendly are always dashed.
I miss my old Samsung android phone. :-(
Apple also has the advantage that national broadcasters like the BBC actively market and advertise their products, effectively stifling the competition.
I have a work iphone and a personal android. Horses for courses I find. Android (S10e) has better touch screen and camera, Iphone 7 has good apps and works well in my car but is an apple and i too have had to listen to fanboys for years singing their praises so will always like it less, especially when it just doesn't work.
I am forced to have a Samsung as my work phone. Hate it. Just one feature that is crap. When the battery goes and you plug it in, the phone doesn't turn back on when charged. It just stays dead. Surely a very simple feature to add? iPhone are far superior in every way.
I had an mp3 player years before the iPod. iTunes is awful to use. I had to learn at college on a Mac G4, it was much more 'crashy' than my XP PC at home. I avoid all Apple products if at all possible. My Galaxy S8+ is still great. I may get a 5G phone soon, probably a Note. Apple are for the hipsters: all hype, pile of 5h1te!
agreed
after many years of using Android phones from various manufacturers and finding they became slow and unreliable after 12 to 18 months I finally tried an iPhone, I've had it for over 3 years now and it's still going strong I will probably never own another Android phone...
What do you expect when people are addicted to buying the latest Apple product.
'oh it's just so easy to use'
'I need the latest one'
Get a grip people and take a look at what is really important in life.
'oh it's just so easy to use'
'I need the latest one'
Get a grip people and take a look at what is really important in life.
It will end in tears.
It's mostly about conspicuous consumption - the notion that owning such an unnecessarily expensive accessory tells others that you are "successful" and/or "stylish".
Meanwhile back in the real world; from anything more than a couple of feet away; one mobile phone looks no different to any other.
Meanwhile back in the real world; from anything more than a couple of feet away; one mobile phone looks no different to any other.
Just because you can't afford them. "My Samsung is just as good". Yeah right!
'oh it's just so easy to use'
Yet the first question anyone who hasn't used an iOS device asks as soon as they pick one up is 'how do I....'.
Familiarity != easy to use!
Yet the first question anyone who hasn't used an iOS device asks as soon as they pick one up is 'how do I....'.
Familiarity != easy to use!
Gangs capitalism impotence form the us.
Over many years I went back and forth between Apple and Microsoft, eventually ditched Apple's planned obsolescence business model and Microsoft has in recent years become much more responsive and reliable.
It is up to individual people to decide what is important in their lives, not for you to try and impose your views on them.
It’s not people per say, it’s the nuggets who have no common sense, who are “influenced” by some other nugget with tattooed eyebrows and lips like Michelin tyres.
I think you should worry about your own life rather than being so concerned with what other people are doing and spending their money on.
my phone is 6 years old, no need for a new one - and it has a pen. why would I need a rotten apple? its only a toy
Everyone is addicted. The Apple folk (me) won’t buy anything else, the non-Apple folk won’t touch them. So what? They’re still spending big bucks on tech. Last I checked Samsung’s flagship phone was just 30 quid cheaper than Apple’s flagship phone. Worth paying the extra when I need a new one. As it is though my iPhone 6s is 5 years old and going strong. You can even use it to speak to someone!
Other people have different interests and priorities than you - who knew!
I don't have a smartphone of any make & don't intend to get one until I can get a signal at my house. As for computers, Apple won't run many of the programs I rely on for my business. In my life a computer is a tool for work, so I buy the one that gives me the best performance. It's not trendy looking, it doesn't come in different colours or a jelly plastic effect, but that's not important to me.
I’m guilty of being addicted to quality then. Had my Mac laptop for 6 years and it has never crashed and runs perfectly on 2021 software, I have 4 old windows laptops that died in the previous 6 years... buy cheap, buy twice. Apple ipad is the best tablet too, though I stick with Android for my phone.
People moan about big tech whether it be around privacy, avoiding tax or how powerful they are but in the same breadth cannot live without their products.
From a branding perspective, you have to admire Beats headphones. From a technical perspective however, they took "average" quality headphones (audiophiles hate them for good reason), probably spending more on advertising than on the engineering.
They look like £15 of material, marked up to £100-300! I would not be seen dead wearing such overpriced trash.
They look like £15 of material, marked up to £100-300! I would not be seen dead wearing such overpriced trash.
And Dr Dre isn't even a real doctor!
Money represents the world's resources. Companies are a way of distributing these resources to society.
When a single company is able to own so much, they control both the world's resources and the distribution of these resources.
A select few shareholders end up with everything. Society ends up with nothing.
When a single company is able to own so much, they control both the world's resources and the distribution of these resources.
A select few shareholders end up with everything. Society ends up with nothing.
True, though if more of society buys Apple shares....
Top 10 richest people could pay for everyone to have a vaccine.
Now if only the antiquated tax rates were revamped wholesale...
Now if only the antiquated tax rates were revamped wholesale...
But why should they? Unless those 10 people caused the virus, this is just spiteful.
No they could not their supposed wealth is in assets. To steal it from them to fund your pet scheme they would need to sell it all. Now who could or would buy it at current valuations created by their bidding it up? It is like dumping half the houses on the market at once. Race to the lowest value.
It's not that they could pay for it, it's that the wealth they have amassed during the pandemic could pay for it:
'Wealth increase of 10 men during pandemic could buy vaccines for all'
https://www.bbc.co.uk/news/world-55793575
'Wealth increase of 10 men during pandemic could buy vaccines for all'
https://www.bbc.co.uk/news/world-55793575
Tec now more powerful than world governments ??
It only has the money to do this because you lot keep buying their stuff....
:-).
:-).
You're not being serious, surely?
I have an LG Android phone, and 3x Lenovo laptops. Very happy with all of them. Never had Apple products except for a 2nd Gen ipod that I use once a year for music to accompany fireworks.
Nonsense. There are plenty of high-quality alternatives at cheaper prices.
Not even close. Something like 70% of all phones in the ecosystem are Android, and they're not even 10% of the products on offer.
You have choice, even if they try to convince you that there isn't
Samsung, Google, Nokia....
Dell, Lenovo, Acer.....
Non so blind as those who do not want to see
Dell, Lenovo, Acer.....
Non so blind as those who do not want to see
There are plenty of smaller companies making both.
As for the OS - try Linux, it works. In fact it works so well, many countries use it, rather than Apple or Windows OS.
As for the OS - try Linux, it works. In fact it works so well, many countries use it, rather than Apple or Windows OS.
I guess acquisitions aimed at Technology & Talent rules out buying the BBC.......
Ya know what I mean
Ya know what I mean
If you can remember Apple as a record label your getting old.
In English it's 'you're '
And if you can remember the Apple tech co trying to sue Apple Records for breach of "their" name... you can see part of the same problem.
McDonalds did the same, tried to sue some corner shop in Scotland
Hugo Boss did the same, a clothing company in Liverpool, just one of many examples
McDonalds did the same, tried to sue some corner shop in Scotland
Hugo Boss did the same, a clothing company in Liverpool, just one of many examples
if I need a phone or laptop what else could I buy, they have a monopoly
yes, if you value security, why would you buy android etc
People moan about big tech whether it be around privacy, avoiding tax or how powerful they are but in the same breadth cannot live without their products.
Soon we will not need governments as there will be an app for them.
It only has the money to do this because you lot keep buying their stuff....
:-).
:-).
FANG (Facebook, Amazon, Netflix, Google) are large american companies who are getting rich by sucking finance from the rest of the world and paying little tax on the way. Let's realise what we are doing when we eschew local businesses in favour of these giants - we are making them richer and the UK poorer.
Our government needs to get to grips with taxing FANG in a big way.
Our government needs to get to grips with taxing FANG in a big way.
The curious thing is that Google & Facebook do not make huge revenues from "technology". They make the majority of their cash selling your personal data to advertisers! (account, gender, clicks, likes, age, education, likely income, home location, work location etc.) i.e. anything a slimy marketing exec would want (on virtually ALL websites!).
Go into the settings & disable all advertising data!
Go into the settings & disable all advertising data!
Stop using them, and support local businesses too. It can be hard, I still haven't found a way to completely remove Google, but even limiting your use reduces their ability to proliferate.
Might want to change your acronym btw, it's missing Apple who are far more of a concern than Netflix. All the networks want to run their own streaming services now, Netflix is tanking.
Might want to change your acronym btw, it's missing Apple who are far more of a concern than Netflix. All the networks want to run their own streaming services now, Netflix is tanking.
Strange how I'd never heard of that FANG acronym until Netflix came along.
Double Irish Dutch Sandwich accounting scheme! Shame on them all and their accountants - and governments for not controlling them.
Dangerous talk like that will have you labelled as a socialist
It's actually FAANG and includes Apple. They aren't "sucking finance" from anyone, they are marketing products that people want to buy. And given there are no local businesses offering alternatives to these your comment makes no sense.
I thought capitalism was supposed to encourage competition and innovation and improve society for everyone through improved quality of living and consumer choice.
Wake-up call: you've been told a lie.
This crony capitalism only delivers results for the elite and plutocrats. You will continue to support this by voting Tory.
Wake-up call: you've been told a lie.
This crony capitalism only delivers results for the elite and plutocrats. You will continue to support this by voting Tory.
lol. Capitalism, for all the good and bad, has delivered outstanding improvements in mobile phone technology and price. The internet is 20,000x faster& cheaper within 1 generation.
However, I agree the tech monopolies are disturbing, I actively try and avoid Samsung, Apple, Google& Facebook these days. European companies are getting better (Qwant.com is a far better privacy solution than Google)
However, I agree the tech monopolies are disturbing, I actively try and avoid Samsung, Apple, Google& Facebook these days. European companies are getting better (Qwant.com is a far better privacy solution than Google)
WOW, and the benefit to your life is what exactly? You pay £50 a month to watch stuff that was on TV for free decades ago. You chat to your mates constantly about nothing when you could meet down the pub less frequently and have a meaningful conversation. You need to evaluate what real human progress is me thinks.
if I need a phone or laptop what else could I buy, they have a monopoly
No wonder all their products as way over priced.
They need the monies to buy out all their competition
They need the monies to buy out all their competition
Name any company Apple has bought that they were in direct competition with. Name any of those companies tech or Intelectual Property that was subsequently not added as a product or feature in a future Apple product. Name one. Otherwise people like you along with the other misinformed in this HYS are being extremely disingenuous. But I guess you already know that.
yes soon AppleGoogleBookBayZon will be passing laws directly in Parliaments.
There is a war going on and people are not fighting to protect Democracy from the Neo Liberal Elite masters of Govts.
£11.68 MINIMUM WAGE is the start of a fighback in the USA. Australia are stepping up and so are Canada-so where are the Complicit UK politicians on the minimum wage retaliation against world domination.
There is a war going on and people are not fighting to protect Democracy from the Neo Liberal Elite masters of Govts.
£11.68 MINIMUM WAGE is the start of a fighback in the USA. Australia are stepping up and so are Canada-so where are the Complicit UK politicians on the minimum wage retaliation against world domination.
It sounds good, but who is to say what is a "fair share"? I am not defending the awful Apple, but it is for governments to legislate on taxation and not on the basis of a "fair share".
Suppose a lot of people think you don't pay your "fair share"? Would you be happy to be targeted by HMRC?
This is a step towards mob rule or something like it.
Suppose a lot of people think you don't pay your "fair share"? Would you be happy to be targeted by HMRC?
This is a step towards mob rule or something like it.
Much as I dislike what Apple / Amazon / Starbucks do they pay the amount of tax that they are legally obliged to pay ... do you know of anyone, personal or business, who would willingly pay the taxman more than they owe ?
Close the loopholes and watch the likes of Ireland, Luxembourg etc squirm - level playing field, not a chance.
Close the loopholes and watch the likes of Ireland, Luxembourg etc squirm - level playing field, not a chance.
"what we want is Apple to pay their fair share of taxes instead of the lip service they pay now"
The people who are responsible for companies not paying taxes are the Govt. They write the rules & they are designed to be exploited because the Govt are funded by the business owners.
It won't change till we vote for a party that promises (and delivers) far simpler taxation with no exemptions.
The people who are responsible for companies not paying taxes are the Govt. They write the rules & they are designed to be exploited because the Govt are funded by the business owners.
It won't change till we vote for a party that promises (and delivers) far simpler taxation with no exemptions.
What on earth is their "fair share" of taxes? They pay what they are required to pay by law, in every jurisdiction. And if they don't that is a matter for the courts.
Do you pay your "fair share" or only what HMRC requires?
Do you pay your "fair share" or only what HMRC requires?
Apple devotees are like lambs to the slaughter. Paying hugely over inflated prices for tech they can get for a fraction of the cost. You have to give it to the Apple marketing guru's though. Maybe we could get them to work on a campaign aimed at the antivaxers ?
I bought an iPhone 6 six years ago and, with a new battery installed last year, it's been faultless and is still going strong. Their products are reliable and long-lasting, that's why sensible people buy them. I'm not one for chasing the latest tech so the phone suits me as it does what I need it to do. I also run an 9 year-old Volvo. Buy quality and it lasts.
Have you ever used apple products? I will buy an Apple phone or laptop rather than Dell, Google, Microsoft or Samsung. Mind you that other manufacturers are also not cheap. Now a powerful laptop costs more than £1200, regardless of manufacturer.
Agreed. However, they did work on innovation & design in Steve Job’s time. The AppleMac, iPad, iPhone & Pixar being prime examples. This forced their competitors to react. They were late to the party in other areas though hence the buying out of companies
You buy what you want, I'll buy what I want. I really don't understand the animosity. I would never seek to ridicule your choice of purchase - why do you ridicule other people's?
I've owned and used both android and Apple phones and tablets. I just happen to prefer Apple. It's my money - I'm not asking you to contribute, so what's your problem?
I've owned and used both android and Apple phones and tablets. I just happen to prefer Apple. It's my money - I'm not asking you to contribute, so what's your problem?
If you can remember Apple as a record label your getting old.
I think another nerd pointed out the same thing to me a couple of weeks ago.
In any language, it's polite to focus on the point being made, not the typo
This is the same tactic Microsoft used as it kept its dominant position. Buy up anyone who threatens your position.
yes soon AppleGoogleBookBayZon will be passing laws directly in Parliaments.
There is a war going on and people are not fighting to protect Democracy from the Neo Liberal Elite masters of Govts.
£11.68 MINIMUM WAGE is the start of a fighback in the USA. Australia are stepping up and so are Canada-so where are the Complicit UK politicians on the minimum wage retaliation against world domination.
There is a war going on and people are not fighting to protect Democracy from the Neo Liberal Elite masters of Govts.
£11.68 MINIMUM WAGE is the start of a fighback in the USA. Australia are stepping up and so are Canada-so where are the Complicit UK politicians on the minimum wage retaliation against world domination.
if I need a phone or laptop what else could I buy, they have a monopoly
you get what you pay for, if security doesn't matter go ahead
This is dangerous power situation developing !
The tentacles of a few monolithic companies will dominate & all aspects of commerce
out of Govts control.
Politicians will bend to their dicktat & for jobs within such companies, we have seen this already eg. a politician (guess who !) who joined a present type of company in a made up position with an extravagant salary.
The must stop.
The tentacles of a few monolithic companies will dominate & all aspects of commerce
out of Govts control.
Politicians will bend to their dicktat & for jobs within such companies, we have seen this already eg. a politician (guess who !) who joined a present type of company in a made up position with an extravagant salary.
The must stop.
It is easy to buy up anything when you don't pay your taxes.
In Cupertino, Apple's home town, Apple have found a way to dodge state taxes resulting in falling public service levels.
A few years ago, Apple had USD220Bn in cash.
These companies have to pay their UK taxes. No more selling out of Ireland or Luxembourg to dodge OUR taxes.
In Cupertino, Apple's home town, Apple have found a way to dodge state taxes resulting in falling public service levels.
A few years ago, Apple had USD220Bn in cash.
These companies have to pay their UK taxes. No more selling out of Ireland or Luxembourg to dodge OUR taxes.
They do pay their UK taxes. The problem is that the tax system is antiquated and doesn't account for the behaviour of these companies. Everything they do is legal, they have teams of high paid lawyers to make sure of that.
You are right about how they do it though, the issue is ensuring any new tax laws don't crush other businesses or create new loopholes.
You are right about how they do it though, the issue is ensuring any new tax laws don't crush other businesses or create new loopholes.
FANG (Facebook, Amazon, Netflix, Google) are large american companies who are getting rich by sucking finance from the rest of the world and paying little tax on the way. Let's realise what we are doing when we eschew local businesses in favour of these giants - we are making them richer and the UK poorer.
Our government needs to get to grips with taxing FANG in a big way.
Our government needs to get to grips with taxing FANG in a big way.
The curious thing is that Google & Facebook do not make huge revenues from "technology". They make the majority of their cash selling your personal data to advertisers! (account, gender, clicks, likes, age, education, likely income, home location, work location etc.) i.e. anything a slimy marketing exec would want (on virtually ALL websites!).
Go into the settings & disable all advertising data!
Go into the settings & disable all advertising data!
Disabling the data doesn't mean you won't see ads, it just means the ads you do see won't be relevant to you, so what are you gaining from doing it? I'd also like to know why you think marketing execs are 'slimy'?
Google literally destroy every compony they buy. Not through trying to stifle it, moreover because they can't make them work.
Google Cloud (GCP) will be the next casualty - doomed against AWS and Azure.
They are a zombie company propped up by an ad-business.
Google Cloud (GCP) will be the next casualty - doomed against AWS and Azure.
They are a zombie company propped up by an ad-business.
I wish they would buy all the social media companies such as FB, Twatter, etc etc, and bin the lot.
You missed the fact that they big 4 include FB, Twatter, etc. and that they are actively consolidating ownership of the variants... hence the concenrs about their cartel / monopoly
FANG (Facebook, Amazon, Netflix, Google) are large american companies who are getting rich by sucking finance from the rest of the world and paying little tax on the way. Let's realise what we are doing when we eschew local businesses in favour of these giants - we are making them richer and the UK poorer.
Our government needs to get to grips with taxing FANG in a big way.
Our government needs to get to grips with taxing FANG in a big way.
Stop using them, and support local businesses too. It can be hard, I still haven't found a way to completely remove Google, but even limiting your use reduces their ability to proliferate.
Might want to change your acronym btw, it's missing Apple who are far more of a concern than Netflix. All the networks want to run their own streaming services now, Netflix is tanking.
Might want to change your acronym btw, it's missing Apple who are far more of a concern than Netflix. All the networks want to run their own streaming services now, Netflix is tanking.
Android is decent enough (being a Linux offshoot). I use DuckDuckGo or Ghostery browsers. I also set qwant.com search engine as my homepage on all my browsers - with links to the same on my phone. Not perfect - but blocks all ad data and puts all my search history in EU/France (i.e. at least covered by strong EU data protection, instead of ... basically no US data protection laws). Qwant = great!
Not my Acronym, it's a commonly used one, but yes Apple should be in there too..... FAANG
I hate my iPhone. I'm made to have one for work. It's rubbish compared to my Android phone. If you mention this to anyone they gasp in horror because Apple products have some sort of mythical status, but when you compare them to the alternatives they're nowt special.
Apple devotees are like lambs to the slaughter. Paying hugely over inflated prices for tech they can get for a fraction of the cost. You have to give it to the Apple marketing guru's though. Maybe we could get them to work on a campaign aimed at the antivaxers ?
Top 10 richest people could pay for everyone to have a vaccine.
Now if only the antiquated tax rates were revamped wholesale...
Now if only the antiquated tax rates were revamped wholesale...
Small change to them given their combined wealth.
Why should they? You think they became that rich by good fortune? Somewhere along the line they or their immediate ancestors almost certainly bullied, cheated, exploited and mistreated all manner of individuals in order to get that wealth. No-one gets rich starting from nothing and working fairly and honestly, treating colleagues as people and not machines, paying reasonable wages, etc.
Which is absolutely awful for innovation and choice.
Buy out the potential competition before they are even allowed to flourish
Buy out the potential competition before they are even allowed to flourish
Many of their competitors choose to sell (they can compete but can’t upscale) & if, say, Apple wants to overpay for them it’s the owners decision. Monopolies can be broken due to the owners’ lack of innovation. Before Apple, Microsoft & before that IBM, were the top companies.
From a branding perspective, you have to admire Beats headphones. From a technical perspective however, they took "average" quality headphones (audiophiles hate them for good reason), probably spending more on advertising than on the engineering.
They look like £15 of material, marked up to £100-300! I would not be seen dead wearing such overpriced trash.
They look like £15 of material, marked up to £100-300! I would not be seen dead wearing such overpriced trash.
Not even a Doctor of social studies? The horror!
Funniest comment I've seen on HYS
Apple has perhaps been astute enough to know that had it stuck to just producing phones and computers; the opportunities for further growth in those markets is limited at best, so diversification into other products and markets helps secure the company's future.
Apple has $193.82 billion in cash on hand: https://www.cnbc.com/2020/07/30/apple-q3-cash-hoard-heres-how-much-apple-has-on-hand.html
Apple's total net sales 2019 were 260billion, making them richer than 75% of countries and 'worth' more than countries such as Romania, Czech Republic, Portugal, New Zealand & Qatar.
Their stuff is massively overpriced compared to other brands.
Apple's total net sales 2019 were 260billion, making them richer than 75% of countries and 'worth' more than countries such as Romania, Czech Republic, Portugal, New Zealand & Qatar.
Their stuff is massively overpriced compared to other brands.
Like most situations the tech world, power is in the hand of a few companies and an unofficial cartel operates to ensure margins are maintained.
Through work and personal use I have experience of Apple, Blackberry, Android and Windows Mobile. Apple IS overpriced
Android is almost identical to iOS; yet I can buy a top spec Android phone for 25% of the cost of the equivalent spec iPhone.
Personally I found the last interation of the Windows phone the best of the lot, but its reputation was already shot due to the awful earlier versions.
Android is almost identical to iOS; yet I can buy a top spec Android phone for 25% of the cost of the equivalent spec iPhone.
Personally I found the last interation of the Windows phone the best of the lot, but its reputation was already shot due to the awful earlier versions.
They dont sell "that many products". They started charging more for their products to maintain their profit margins as their market share started to decline due to Android being the dominant phone of choice.
Im quite happy that the technically illiterate of the world pay a PREMIUM for an inferior product :)
Im quite happy that the technically illiterate of the world pay a PREMIUM for an inferior product :)
I thought capitalism was supposed to encourage competition and innovation and improve society for everyone through improved quality of living and consumer choice.
Wake-up call: you've been told a lie.
This crony capitalism only delivers results for the elite and plutocrats. You will continue to support this by voting Tory.
Wake-up call: you've been told a lie.
This crony capitalism only delivers results for the elite and plutocrats. You will continue to support this by voting Tory.
Capitalism, like democracy has many forms. I'd like to know what the Tories have delivered to society over the last decade: picture dead town with rolling tumbleweed. Average life expectancy for a child in New York is lower than that of a similar child in Cuba. I'm a capitalist but I'm not as ignorant as most to defend a current form of capitalism that benefits the few.
I thought capitalism was supposed to encourage competition and innovation and improve society for everyone through improved quality of living and consumer choice.
Wake-up call: you've been told a lie.
This crony capitalism only delivers results for the elite and plutocrats. You will continue to support this by voting Tory.
Wake-up call: you've been told a lie.
This crony capitalism only delivers results for the elite and plutocrats. You will continue to support this by voting Tory.
Social programs? What social programs? Cutting local government funding by 50% over the last decade is hardly social.
The only reason they acquire these companies as they see then as a threat to their business. Eventually the whole world will be run by a handful of companies. There needs to be global competition laws to tackle this as its got out of hand.
Then China steps in !!
Even as we speak, Disney is removing the 'poisoned Apple' scene from Snow White, and Nestle is making custard for Peter Craven's left wing rhubarb.
Oh, God.
So you haven't heard of Netflix with a value of $238 Billion, versus Disney's $324 Billion then?.
Microsoft is not far behind Apple ($1.7T vs $2T)
Unilever not far behind Nestle.
Plenty of scope for other large companies.
Microsoft is not far behind Apple ($1.7T vs $2T)
Unilever not far behind Nestle.
Plenty of scope for other large companies.
Amazed that such a niche player, with just 11% of the smartphone market, gets so much press on BBC. I guess they must still be keeping the press sweet with the money they make from their overpriced tat.
I wouldn't be backing Disney, their saccharin and sanitised product US centric product has limited traction with a wider viewing public. They'll be a player, but Comcast and Liberty Media have more diverse appeal and don't forget Discovery, the way they're quietly acquiring both pay and free to air broadcaster around the world is going to make them a lot of money.
Surely it will be Blockbuster, Wimpy and Polaroid?
Why are our competition authorities not stopping them ? We see what us happening in the control they exert on the world - it is frightening- our anti trust regulators are asleep at the wheel! Our small businesses ruined - competition stifled- we have all had enough if I action by our governments in whose pockets the lobbyists reside.
Stop using them, and support local businesses too. It can be hard, I still haven't found a way to completely remove Google, but even limiting your use reduces their ability to proliferate.
Might want to change your acronym btw, it's missing Apple who are far more of a concern than Netflix. All the networks want to run their own streaming services now, Netflix is tanking.
Might want to change your acronym btw, it's missing Apple who are far more of a concern than Netflix. All the networks want to run their own streaming services now, Netflix is tanking.
Android is decent enough (being a Linux offshoot). I use DuckDuckGo or Ghostery browsers. I also set qwant.com search engine as my homepage on all my browsers - with links to the same on my phone. Not perfect - but blocks all ad data and puts all my search history in EU/France (i.e. at least covered by strong EU data protection, instead of ... basically no US data protection laws). Qwant = great!
What ever happened to capitalism being about giving consumers choice?
100 companies?
We've 4.2 million companies registered in the UK alone.
This is not the story the Beeb thinks it is.
We've 4.2 million companies registered in the UK alone.
This is not the story the Beeb thinks it is.
It's the nature of the 100 companies that should interest you
Stop using them, and support local businesses too. It can be hard, I still haven't found a way to completely remove Google, but even limiting your use reduces their ability to proliferate.
Might want to change your acronym btw, it's missing Apple who are far more of a concern than Netflix. All the networks want to run their own streaming services now, Netflix is tanking.
Might want to change your acronym btw, it's missing Apple who are far more of a concern than Netflix. All the networks want to run their own streaming services now, Netflix is tanking.
.... and yet they only pay their CEO $3m
That's pretty low in the scheme of things.
That's pretty low in the scheme of things.
But what about the rest of his package?
Does that include dividends/bonuses ?
And the BBC pay that almost that much pre year to the likes of Lineker
if I need a phone or laptop what else could I buy, they have a monopoly
simplistic argument
In English it's 'you're '
It only has the money to do this because you lot keep buying their stuff....
:-).
:-).
The world is completely broken, we're about 20 years away from the majority of the population being out of work due to automation, we the people will soon be useless.
Might be time to put people before profits.
Might be time to put people before profits.
Nothing wrong with automation. The problem is with the fact that we are still expected to work 'all hours' in order to earn enough money to live. Many of the richest people on the planet only work a few hours each month to earn their living. The opportunity to work less and enjoy life more is there for the taking. We need to adopt Apple's approach and 'Think Different'.
Except people have been saying that for so long now, it simply doesn't hold true
Why are our competition authorities not stopping them ? We see what us happening in the control they exert on the world - it is frightening- our anti trust regulators are asleep at the wheel! Our small businesses ruined - competition stifled- we have all had enough if I action by our governments in whose pockets the lobbyists reside.
My life in IT proved that if a company produce software that competes with the big boys it gets bought to shut them out. There were some good software companies that no longer exist because they charged a fraction of what Microsoft wanted. Sort of Mafia rule now.
Absolutely - and not just in IT.
It's the glaring flaw in capitalism: the most effective way to gain market share is not, as theory has it, to produce a superior product at a better price, but rather to merge with or buy out the competition - until there *is* no competition. Hence antitrust laws; but these are clearly inadequate to reign in the big players across international jurisdictions.
It's the glaring flaw in capitalism: the most effective way to gain market share is not, as theory has it, to produce a superior product at a better price, but rather to merge with or buy out the competition - until there *is* no competition. Hence antitrust laws; but these are clearly inadequate to reign in the big players across international jurisdictions.
Not a flaw in Capitalism. It’s more to do with oversight and legislation. With politicians not doing their jobs. Or companies wouldn’t be allowed to get that big, or powerful.
Definitely a flaw in capitalism as it exists today! Of course if we lived in anything close to a free-market, then things like intellectual property laws would be abolished outright, which would remove a major mechanism that's currently used to stifle innovation/competition, or impose limitations such as planned obsolescence and incompatibility.
Nothing new about this. In the 1930s diesel fuel was produced from coal, mainly in South Wales. Only people interested in history of motor vehicles know about this nowadays. What's the betting the big oil companies bought and suppressed the technology and patents? I expect there are numerous other instances, I just happen to know about this one.
But that theory is solid.
If your product is so cheap and so much better why sell your company ?
The owners of the company just want a big pay cheque, can't blame them .
If your product is so cheap and so much better why sell your company ?
The owners of the company just want a big pay cheque, can't blame them .
You mean globalization rather than capitalism?
I would wager that having interest rates in the US at near zero for more than a decade would be a massive factor in this. Acquisitions as long as you do your homework, are good for a company, being able to get money for next to nothing only makes acquisitions extremely easy and safe for companies.
I hate my iPhone. I'm made to have one for work. It's rubbish compared to my Android phone. If you mention this to anyone they gasp in horror because Apple products have some sort of mythical status, but when you compare them to the alternatives they're nowt special.
if I need a phone or laptop what else could I buy, they have a monopoly
Buy up the competition before the they become a threat,make everyone dependant on your products,then jack up the prices.Classic capitalism.This is why we need effective regulation with these companies.Amazon,Apple and the like will very soon rule the world.??
.... and yet they only pay their CEO $3m
That's pretty low in the scheme of things.
That's pretty low in the scheme of things.
It is easy to buy up anything when you don't pay your taxes.
In Cupertino, Apple's home town, Apple have found a way to dodge state taxes resulting in falling public service levels.
A few years ago, Apple had USD220Bn in cash.
These companies have to pay their UK taxes. No more selling out of Ireland or Luxembourg to dodge OUR taxes.
In Cupertino, Apple's home town, Apple have found a way to dodge state taxes resulting in falling public service levels.
A few years ago, Apple had USD220Bn in cash.
These companies have to pay their UK taxes. No more selling out of Ireland or Luxembourg to dodge OUR taxes.
They do pay their UK taxes. The problem is that the tax system is antiquated and doesn't account for the behaviour of these companies. Everything they do is legal, they have teams of high paid lawyers to make sure of that.
You are right about how they do it though, the issue is ensuring any new tax laws don't crush other businesses or create new loopholes.
You are right about how they do it though, the issue is ensuring any new tax laws don't crush other businesses or create new loopholes.
Why? There are others. Big companies buy up smaller ones all the time. Doesn't stop smaller ones profiting. Smaller companies are more agile and better at the RD&I, which is why the big companies effectively outsource this by buying them up (and the IP with them). The people behind the smaller companies generally then go off to innovate in a new company. Is common practice.
if I need a phone or laptop what else could I buy, they have a monopoly
I guess acquisitions aimed at Technology & Talent rules out buying the BBC.......
Ya know what I mean
Ya know what I mean
It is easy to buy up anything when you don't pay your taxes.
In Cupertino, Apple's home town, Apple have found a way to dodge state taxes resulting in falling public service levels.
A few years ago, Apple had USD220Bn in cash.
These companies have to pay their UK taxes. No more selling out of Ireland or Luxembourg to dodge OUR taxes.
In Cupertino, Apple's home town, Apple have found a way to dodge state taxes resulting in falling public service levels.
A few years ago, Apple had USD220Bn in cash.
These companies have to pay their UK taxes. No more selling out of Ireland or Luxembourg to dodge OUR taxes.
Time for the UK to create a tech company that DOESN'T sell out.
BigTech acquiring everything they can get their hands on in the world whilst virtue signalling to everyone else that we should have and make do with less.
This is the world's richest, preaching and mandating 'great reset' policies for everyone whilst getting more and more control and ownership of every aspect of our lives.
And the BBC supports it -promoting Bill Gates, Facebook, Twitter etc...
This is the world's richest, preaching and mandating 'great reset' policies for everyone whilst getting more and more control and ownership of every aspect of our lives.
And the BBC supports it -promoting Bill Gates, Facebook, Twitter etc...
Skynet will soon become a reality. So with automation will become the norm and when you can get everything you need without leaving your home, as you can more or less do that now.
And Dr Dre isn't even a real doctor!
Already such are "Hoovering" the Worlds peoples cash.. mark my words mext step they will launch their banks eg: APPLE BANK & make existing banks Mickey Mouse in their aim of controlling Global commerce & social communications.
And everyone who could......would
:-).