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Motley Fool Hidden Gems Investing

Consumers, Choice, And Apple

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 4 March 2024

⏱️ 30 minutes

🧾️ Download transcript

Summary

The European Commission is the latest to take aim at Apple’s app store. (xx:xx) Jason Moser and Deidre Woollard discuss: - Why Spotify and Apple are engaging in a new music streaming battle. - If Spirit Airlines will seek another buyer. - Why the latest go-private offer may be good news for Macy’s shareholders. (18:03) Ricky Mulvey and Lou Whiteman cover the state of play for airline stocks. Companies discussed: AAPL, SPOT, JBLU, M, UAL, DAL, AAL, LUV, ULCC, AER Claim your Epic discount: www.fool.com/epic Host: Deidre Woollard Guests: Jason Moser, Ricky Mulvey, Lou Whiteman Producer: Ricky Mulvey Engineers: Tim Sparks, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Apple faces fines, Jeff Blue whips, goodbye to spirit.

0:07.0

Motley Full Money. I'm Deidra Wooler here with Motley Full and

0:21.0

Lens Jason Moi. Welcome to Motley Fool Money. I'm Deidra Wooler here with Motley Fool and Les

0:24.5

Jason Moser. Jason how's your Monday going so far? Hey so far so good

0:28.1

Deidre it's beautiful weather here in Northern Virginia and just another good reminder that spring is right around the

0:35.1

corner. It is indeed. If it's not maybe the best Monday in the world for Apple

0:41.0

one of the most interesting stories out today is about this 1.8 billion

0:46.0

dollar euro fine from the European Commission. It's leveled at Apple. And what's

0:50.9

happening here is the European Commission says Apple really sort of gate kept and kept users from learning about other music apps which led to consumers paying higher prices.

1:00.0

Not the first time we've heard this about the App Store is it?

1:03.0

No, it's not.

1:04.0

And we'll get to the gate kept part of the story here momentarily, I'm sure, but I mean, you're right.

1:10.0

This is something that as Apple gets bigger the drumbeat for this only grows louder and

1:17.2

I think you know many will call this the fight for a more open internet for consumers, I think most of us are kind of on board with that.

1:26.0

So I think the big picture that's probably the right side on which to be, and Apple kind of seems

1:31.3

to be pushing against that narrative a little bit so it doesn't really look good

1:34.2

the optics don't really look that great for them in that regard to me one of the things that

1:38.0

really stood out to me the response to the fine apple said Spotify stands to gain the most from this

1:44.3

EU pronouncement and I don't know to me like I feel like the longer term

1:50.4

implications of something like this consumers by by far and away have more to potentially

1:55.0

gain from something like this.

1:56.6

So I mean, I understand Apple needs to defend itself, and they will at virtually any cost have

...

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