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Economist Podcasts
The Intelligence: Will Apple’s customers share its Vision?
Feb 2, 2024
Guy Scriven, US technology editor at The Economist, discusses Apple's slowdown amid fierce competition, particularly from Microsoft. He dives into the potential of the Vision Pro augmented reality headset to buoy Apple’s fortunes. Don Wineland, China business editor, sheds light on the ambiguous messaging behind a new slogan from the Chinese Communist Party, highlighting the challenges of political communication and its impact on society. Together, they explore the intertwining of technology and politics in today’s landscape.
23:02
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Quick takeaways
- Apple's antitrust challenges regarding its App Store fees could potentially impact its revenue and position as the world's most valuable company.
- To address the slowing growth of its core business, Apple is exploring artificial intelligence and releasing the Vision Pro, its virtual and augmented reality headset.
Deep dives
Challenges Facing Apple: Antitrust Scrutiny
Apple faces significant antitrust challenges, particularly focused on its App Store. Regulators around the world are scrutinizing Apple's 30% fee on in-app purchases, which developers and regulators consider unfair. The US Department of Justice is reportedly taking legal action against Apple, while the EU and South Korea are introducing new rules to crack down on App Store fees. Although these challenges are not an immediate threat, they could potentially impact Apple's revenue and its position as the world's most valuable company.
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Discover
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