Mark Zuckerberg visits Joe Rogan and blasts Apple – 1Advisor

One grievance he made is in regards to the lack of latest spectacular merchandise from Cupertino. Zuck accused Apple of being complacent, sitting again for the final 20 years after inventing the iPhone. He says that it’s not clear whether or not Apple is promoting extra iPhone models year-over-year. The issue, based on Zuckerberg, is that every technology of iPhones does not carry many modifications so persons are ready longer between upgrades.

“They haven’t actually invented something nice shortly. It’s like Steve Jobs invented the iPhone and now they’re simply form of sitting on it 20 years later. And so they truly, I feel yr over yr, I’m not even positive they’re promoting extra iPhones at this level. I feel just like the gross sales may truly be declining. A part of it’s that every technology (of iPhones) doesn’t truly get that significantly better. So persons are simply taking longer to improve than they might earlier than. So the variety of gross sales, I feel, has usually been flat to declining. So how are they making extra money as an organization? Nicely, they do it by principally, like, squeezing individuals.”-Mark Zuckerberg, CEO, META

That is a fairly miserable take a look at Apple’s iPhone enterprise. Zuckerberg says that with iPhone gross sales flat or declining, they solely method Apple can generate profits is by squeezing individuals. What he means by that’s that Apple is taking a 30% reduce of what builders are producing within the App Retailer. Moreover, The Meta CEO additionally has a problem with the way in which Apple creates peripherals that customers purchase for the iPhone. Zuck cited the AirPods, noting which can be made in a method that forestalls different firms from creating one thing that may hook up with the iPhone in the exact same method.

Zuckerberg has been bitter on Apple for years. What actually obtained Zuck’s goat was Apple’s App Monitoring Transparency characteristic added in iOS 14.5. This characteristic permits iPhone customers to determine whether or not they wish to be tracked by third-party apps for the aim of receiving focused advertisements. Fb at first estimated that App Monitoring Transparency might value them $10 billion in advert income in the course of the first yr.

All of this led to a fairly steep decline within the shares of what was then generally known as Fb and at one level throughout 2022, the inventory was down 61% for the yr. It is no surprise that Mark carries a grudge in opposition to Apple though META shares are up over 300% off the underside as the company’s ad revenue has recovered. In 2021, Fb/META advert income was $114.93 billion. It dropped the next yr to $113.64 billion earlier than rebounding to $131.95 billion in 2023. Full yr 2024 information will not be but out there.