Apple jacks prices to juice profits because $19.3B a quarter isn't enough

“Growth for the sake of growth is the ideology of the cancer cell”

I thought this was about a cereal for a hot second.

Please vote with your money. Don't waste money and buy overpriced stuff and certainly don't support this kind of business practice. And fuck the shareholders too. If they want money, then work like most people.

I read Apple Jack's like the cereal and was confused

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I do not understand all the rage, Apple does not provide any vital services or products. They can charge anything they want. If you don't like it then don't buy it.

That is the thing with for profit companies, especially publicly traded ones. No matter how much they make, it is never enough. Next quarter must always be higher than this quarter or the world is on fire and heads will roll.

I read the title 3 times before I realized it's not about cereal

They are epitome of passive aggressive capitalism. “Will keep doin unethical shit til they make a law not to and even then you have to sue me to make me stop”

It’s nestle’s MO.

I had to read the title several times before I understood that the article isn't about Apple Jacks, the cereal.

The solution is simple: Don't participate in the Church of Steve Jobs, don't turn yourself into an Apple disciple (and apologist).

The thing I loved about Apple 15+ years ago was that even though the hardware was expensive, it was semi modular and tightly integrated with the software and you got an offline product that you could also buy Apple server equipment and software for. 10 years ago was still ok but things were starting to erode.

These days there is no server software, no modularity, no ways to use enough of the new features without a cloud subscription and the hardware is just as expensive and designed with defects to limit it's lifespan (in my opinion). They want to have their cake and eat it too. I was a proud Apple fan boy but not a blind one. Well now they can fuck off. Bye.

I'm now fanboying about Framework and Pine64.

I can get the TV+ hike. I don’t like it, but I get it. When TV+ launched it had very little content and no one was going to pay for that little content unless it was cheap. But now there is a pretty good library of new stuff, and it’s usually of better quality than what’s floating around on HBO.

Arcade price hikes - now that seems like a good reason to cancel Arcade. If they’re going to add better games that take advantage of the new fast processors, I can understand console tier pricing. But the games still mostly feel like mobile games. And not mobile as in “Nintendo Switch,” mobile as in “flappy bird.”

We need to abolish public trading, or at least vastly overhaul what it means to invest in a company

They are just mad that they lost to "right to repair" in California so they are throwing a "fuck em we will charge them double then" tantrum.

It will never be enough. That's the model of capitalism.

And why would I want an apple anything? They get cheap labor so....what the investors want more money? Never had an iPhone or apple product never will.

Did any of the Foxconn workers that have to live in company dorms for slave wages get a raise?

Why are consumers so dumb?

I’ve been an Apple loyalist since 1993. Practically everything I’ve loved about the company has gone to shit in the past few years. It used to be inspirational, seamless, intuitive. Now every new OS update makes something needlessly complex and confusing.
On top of that, they’re increasing prices for their services. I genuinely love Apple TV+ and still think with the increase that it’s an incredible deal. Still, they can suck a dick if they think I’m falling prey to this annual price increase bullshit. Apple stopped being an industry leader under Cook and became a basic vanilla consumer electronics and digital services company. It’s fucking disappointing.
What’s worse, they still do most things better than the competition so there’s little to do but hope things don’t break and disable auto updates. I have nearly every product category they put out but as things start to fail, I will not be replacing them. Instead, I’ll simply choose a more simple life without excessive tech.

Dang. That zany Kellogg’s cereal that the cool frog sells makes $19 billion a year 😳

Apple doesn't make any kind of necessity. Every single one of their products is completely optional in life and has alternatives.

If people are willing to pay for it, whatever. It's a luxury. It's not medicine or housing.

I find fanboyism pretty much a naïve attitude to have. These are large companies that only have one aim in mind, and that is to make as much money as they can out of you. That is not the same as buying into an infrastructure that gives you a comfort zone. All phone companies strife to push people into that comfort zone, where they do not want to change. On that I am guilty as charged.

All in all you spend your money where you feel happier about it. If Apple want to out price their products then people will find alternatives. I never understand this culture of griefing people for having differing comfort zones. There seems to be a lot more emphasis on calling out people buying a bad deal, rather than just educating people on where the good deals are to be had.

Yes, but what if company was worth four trillion.

In any case, dollar down, prices up.

wall street hungry, feed me

News+ was worthless and they dropped the one show I gave a shit about because Jon Stewart wasn't towing the line for Chinese propaganda. This was easy to not give a fuck about already, and they are making it even easier.

The costs of Apple subscriptions are probably part of the reason I left the iPhone ecosystem

Now tell us again how their devices are better than any Android.

Goddamn they were proud of that title "Apple Jack"(originally hard apple cider concentrated by freezing the water out vs heat distillation of the alcohol itself) and "Apple Juice" both make appearances. Gotta love El Reg.

Not sure if I was getting a sweet deal or what but I'm currently paying 4.99/mo. They are raising prices ro 9.99. In what universe would anybody think doubling prices is okay?

Apple Jacks Juices

Why am I hungry?

Just like the paperclip game. Invest in AI marketing, raise price to find the new stable product flux.

Apple shareholders be singing Luther vandross "never too much, never too much, never too much!"

This is the best summary I could come up with:

Subscription pricing has been on the rise for nearly every service imaginable, and Apple isn't about to miss the opportunity to squeeze its customers for a little more.

In a statement provided to The Register, Apple said it'd begun rolling out new subscription pricing "in the US and select international markets."

Apple typically notifies customers by email of upcoming price increases, but this humble vulture has yet to receive such a notice.

"We are focused on delivering the best experiences possible for our customers by consistently adding high-quality entertainment, content, and innovative features for our services."

In August, executives boasted that services revenues reached an all-time high in Q3, with the company counting over a billion paid subscriptions.

Last quarter Apple as a whole made $221 million a day in profit and paid an effective tax rate of 12.5 percent [PDF].

The original article contains 378 words, the summary contains 141 words. Saved 63%. I'm a bot and I'm open source!

That's capitalism for you baby 💰💰💰💰💰💰

I'm am not a fan of Apple or their products. But I hate that people can't understand the difference between revenue and profit.

These subscribers accounted for roughly 25 percent of Apple's revenues during the last quarter, coming in at $21 billion. Last quarter Apple as a whole made $221 million a day in profit and paid an effective tax rate of 12.5 percent

221 million is 21billion/90. So they definitely took the quarterly revenue, divided by the amount of days in a quarter and called it daily profit.

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Apple users can probably stomach it. Not like they can't afford 100$/year or so after paying 1000$ for a phone, 2000$ for a laptop, and don't even know how much else for peripherals. They'll gladly do it again, so of course 200$/year for a subscription ain't much. They probably pay more for their phone bill.

Well, they could also lay off personnel, as some of the other *evil* tech companies.

I'm fine with them hiking the prices if they actually let us integrate alternative cloud services.

What are they making you buy it?

Why is everyone’s solution to buy an android phone? As if buying a new phone is the solution to my music subscription going up by a few dollars 🤣🤣

My sides hahahahahahahahahahahahaha XD XD XD

fucking apple shills cryin' is music to my ears!

Private company, they can do whatever they like. Also, I can purchase phones from whomever I like. This is a non-story.