Consumers, Choice, And Apple
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 4 March 2024
⏱️ 30 minutes
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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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