409
Apple is now banned from selling its latest Apple Watches in the US
(www.theverge.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 26 Dec 2023
409 points (98.1% liked)
Technology
59648 readers
1716 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
Maybe the sales figures were less than expected and will use this as an excuse to the board.
Well, if I was on the board or a shareholder, I would be much more pissed about patent infringment that should have been easy to prevent and hints at incompetence over lower than expected sales which is just hard to predict.
If you were an invester or board member, you wouldn't care about the patent infringement - Apple has historically done this and you wouldn't invest in the first place if you weren't okay with it. This one's just getting more eyeballs and actual repurcussions but they've paid off and bought out multiple companies over stuff like this.
Not about infringement as much as getting caught and not being able to sell the watches that were surely expensive to develop.
If I were an investor I would be much more lenient with the excuse that the market is saturated than the excuse that we're too incompetent to even maintain a presence in the market.
Investors are not fans. They're not going to take the nice sounding option, just because it's the nice option. They will demand competence at the top and they won't pussy foot around the issue. Especially with the amount of money the CEO is paid.
If he's getting 100 bazillion dollars a year he better damn well do something for it and one of those things is not getting the company involved in a stupid lawsuit which has prevented sales of a highly profitable product in a highly lucrative market, when making it go away would have cost about 1/1000 of 1% of the Apple's net income.