Ramblings from a Researcher-In-Training

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Via Youtube: Steve Jobs on the greed and outlandish profits that ruined Apple

This three-minute clip from a 1995 interview with Steve Jobs is making the rounds today given Apple's intransigent greed in the face of Dutch regulation of the company's app store payment processing policies. The clip features Jobs bemoaning what greed had done to Apple in his absence. Steve Jobs, from the clip via "Rusk86" on Youtube:

They cared more about their own glory and wealth than they did about what built Apple in the first place, which was making great computers for people to use; they didn't care about that anymore...They cared about making a lot of money.

Meanwhile, Apple responded today to Dutch regulators on the subject of alternative app store payment methods with a jarring series of requirements. From the horse's mouth:

Apple will charge a 27% commission on the price paid by the user, net of value-added taxes. This is a reduced rate that excludes value related to payment processing and related activities.

Jobs of course passed away only three years after the launch of the App Store, and in very different times. I wonder what choice words he would have for the company — which today sits just under a $3 trillion in market cap and regularly posts $100 billion quarters — as they shamelessly wring every loose nickel they can out of the developers on their platform.

LinkedMatt VanOrmerLinked