Power Player Showdown: Mark Zuckerberg Smashes Apple Critics on Joe Rogan’s Pod
The Gloves are Off: Mark Zuckerberg’s Bashing of Apple’s iPhone
Most people know that technology giants like Apple and Facebook (now META) have been in a love-hate relationship for a long time. While they collaborate on some projects, they often have differences that create friction. Take, for instance, Mark Zuckerberg’s recent complaints about Apple’s iPhone. In a no-holds-barred barb, the META CEO accused Apple of being complacent, relying too heavily on its past innovations, and squeezing users to make profits.
A Lack of New Products
Zuckerberg claims that it’s been 20 years since Apple inventively created the iPhone, and since then, each new generation of iPhones hasn’t brought significant changes, making users wait longer to upgrade. This, in turn, leads to flat or declining sales. Apple’s only way to make money, according to Zuckerberg, is by taking a 30% cut from App Store developers, as well as limiting the ability for other companies to create peripherals that can connect to the iPhone.
A Sad Tale of Woe: Apple’s App Tracking Transparency
The matter escalated when Apple introduced its App Tracking Transparency feature in iOS 14.5, which allows users to decide whether they want to be tracked by third-party apps for targeted ads. Facebook initially estimated that this feature could cost them around $10 billion in ad revenue in the first year. The results were devastating: Facebook’s stock plummeted, and it took a 61% hit in 2022. Understandably, Mark Zuckerberg has harbored a grudge against Apple ever since.
The Plot Thickens: Apple’s Stranglehold on the Market
It’s worth noting that Apple’s business model is designed to create a walled garden for its users, making it difficult for other companies to innovate and compete. For instance, Apple’s AirPods, which use proprietary technology, prevent other companies from creating competing products. As a result, users are often forced to rely on Apple’s products, giving them an unfair advantage in the market.
A Companies’ Competition
In the world of tech, competition is key. Both Apple and Facebook (now META) have their strengths and weaknesses. While Apple has created phenomenal products, like the iPhone, Zuckerberg’s criticism highlights the importance of innovation and competition. A healthy market should encourage healthy competition, rather than relying on monopolies. As the tech landscape continues to evolve, it’s essential to stay informed about the latest updates and controversies.
Timeline of Events: Facebook’s Ad Revenue (in Billions)
• 2021: $114.93 billion
• 2022: $113.64 billion (a decline)
• 2023: $131.95 billion (rebound)
Note: 2024 data is not yet available.
As the tech world continues to reshape, it’s crucial to keep an eye on the power struggles between industry giants. For now, the battle between Apple and Facebook (META) is far from over.