218
Apple is ordered to face Apple Pay antitrust lawsuit
(www.reuters.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 29 Sep 2023
218 points (97.0% liked)
Technology
58144 readers
4415 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
More than a century ago we decided that that kind of monopolistic behaviour is bad for the economy and society in general, so we made laws to ban it. You're welcome to lobby your politicians to dismantle anti-trust laws. You just won't get much support. Monopolies are quite terrible.
And you might have an argument if there weren’t a couple dozen different phone manufacturers.
Nobody is forced to buy an iPhone and participate in the Apple ecosystem. They’re far from the only option.
There are many Android phone manufacturers. But only one iPhone manufacturer. It would be no different if Microsoft started blocking other software competitors in Windows.
Windows largely does actually have a monopoly though. They make up 70% of the desktop OS market. Apple makes up less than 30% of the smartphone OS market share with Android making up over 70% across those dozens of Android OEMs.
Again, nobody is forcing anyone to buy an iPhone. There’s a plethora of competition for phones and Apple is a minority player in the market. Real hard to have an anti trust/monopoly case against a player that doesn’t even hold a majority market share.
Which is why Microsoft has been the target of multiple antitrust suits over the years.
iPhones command more than 50% in the US. In fact, iOS accounts for 67% of all app spending. The latter is what legislators care most about.
It should be noted that antitrust laws are broad, and don’t have any arbitrary market share requirement to trigger. Players can distort markets in many ways, directly and indirectly.
You can also just use the physical card; there are plenty of choices. Consumers want to use Apple Pay specifically though because Apple created a really compelling experience for the end user.
It's also worth pointing out that with Apple Pay, banks are forced to compete against each other for every transaction. Every card is treated exactly the same as every other card from every other bank, and they all get the same (best) user experience. Banks would prefer if their app were the default for NFC, making it more difficult to mix your use of cards from different banks.
Locking down NFC for payments is in many ways, paradoxically, pro-competition.
Certified Apple biggest sheep spotted. If it's done by Apple, everything is great and perfect; just like how they don't collect personal data without user consent. 😂 🤣
You do realize this whole thing is just a little squabble between a big tech company and big banks over money, right? It’s not like there’s even a “little guy” to root for anyway. I’m just pointing out that Apple’s policies force the banks to compete against each other on a more-even footing.
And all you’ve got to contribute is a lazy ad hominem and a straw man.
I'm not rooting for anyone. If you think that one corporation blocking another from providing unique experience and forced them to play on their own field is pro consumer, you don't know the basics of how Free Market works. With Apple entering financial market with their Apple Card services, they're providing themselves a good ground for manipulation. This is exactly how monopolistic behavior works.
You're just high on your Apple shill.
The existence of other options isn’t sufficient defence against anti-trust suits. There are other options to Windows, but Microsoft has been the target of multiple anti-trust suits over the years.
Windows had a grater than 95% market share during their biggest anti trust suit.
That’s a legitimate monopoly.
Apple is nowhere near a monopoly. There’s a plethora of competition.
There is no legal definition of a "legitimate monopoly." 95% or 30% or even 0%. Anti-competitive practises which distort the market and prevent consumer choice are illegal. This has nothing to do with the market share Apple holds. It is about them restricting competition.