Apple (Nasdaq:AAPL) put its foot down and into its mouth by demanding that App’s selling stuff on iPad and iPhone must pay Apple 30%. Cha Ching said the lawyers and watch the million dollar fees go round and round. 30% is a lot and what business would not love to eliminate or reduce it.
Meanwhile other systems may be able to offer cheaper deals and the consumer will learn to shop around and get a better deal elsewhere.
Perhaps we are seeing the beginning of Apple Hubris and another tilt away from the Apple ecosystem?
Disclosure: George Gutowski writes from a caveat emptor perspective. I hold no positions in stocks mentioned in this post. I have no plans to initiate new positions within the next 72 hours. I am greedy and would appreciate lower prices for anything I buy on-line. Well why not?
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