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by Alaskan005
4930 days ago
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No wonder he is the CEO and you aren't. Think LOOOOONG term, in a few years Apple will catch Google for the most part (hello AAPL bank accounts and increase of usage!) and Apple will not depend on a major competitor for a crucial aspect of the mobile world. Google is the loser, despite Apple having a few growing pains. |
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We have given Apple so much money THEY HAVE NO IDEA WHAT TO DO WITH IT. They have $120B in the bank, more cash than any other company has ever had. They can buy very famous companies for cash, like Cisco, Dell, Facebook, etc, and even banks like Goldman Sachs, Citigroup, etc. This is a crazy amount of cash, and they are clueless as what to do with it.
I know what I would do, I would throw some of that money to improve the quality of my product for the sake of my hundreds of millions of customers. I would admit defeat, and I would pay Google for a license in perpetuity for Google Maps to be on iPhone. I would engage in some sort of rev/data share with the Maps app and throw them a few billion. Win-Win-Win for everyone.
Sure, maybe Apple doesn't extract every single red cent from the deal, but money is of secondary or tertiary importance here. Their money is already relatively useless sitting in a bank account making 0% interest. And sure, maybe they left money on the table, and maybe Apple overpays and gets the short end of the stick for once, but it's called taking one for the team. Customers get the very best maps technology and a permanent agreement to always have access to it, and Apple can stop being distracted by one of the most important aspects of a smartphone experience, which is location services. They can continue innovating in things that will make them money, like newer designs, etc.