Apple Is Sued By The DOJ

[@JosephCarlsonShow]

Join the Patreon here: www.patreon.com/josephcarlson Free Investing Philosophy Presentation: www.dropbox.com/scl/fi/vrtexx5dnv06npg1oatrn/Joseph-Carlson-Investment-Philosophy.pdf?rlkey=hsyb4c3ttf6nuvo3gknteyav9&dl=0 Patreon includes: 🎥 Over 100 exclusive videos, and new ones every week. 🚀 Full access to Qualtrim.com, the stock analysis website I built from the ground up 📚 Transparent portfolio updates, with every buy and sell I do, as well as monthly one-pager updates. 💬 Access to the Joseph Carlson Show private discord community, with 6,000 members The patreon comes with a free trial. You take no risk by signing up.

[@DennisTurbay]

Hi Joseph, thanks a lot for your amazing work! What book/course would you suggest to get understanding of all metrics that you often mention when do companies performance analysis?

[@JosephCarlsonShow]

@@DennisTurbay This is my most comprehensive video on my investment strategy: kzbin.info/www/bejne/rXaxdpl9r9qFjKMsi=KvS26EBWf56WGPnD Books I recommend: Investing for Growth with Terry Smith, Richer Wiser Happier by William Green, Beating The Street by Peter Lynch.

[@nicolasbenson009]

I started buying some more stocks at the beginning of the year, but nothing big. Why am I treating this so harshly? I still want to be the first person in my polygamous family to make a million dollars despite the fact that others in my field make six figures per person. I am well aware of the costs associated with working more to get more money.

[@Michaelparker12]

If the market has taught me anything, it's that it usually makes a comeback, but I can't seem to concentrate on the long term, especially because important things like my retirement and my reserve are having a disastrous impact on inflation. I need a solution and a data trajectory that I can trust as soon as it is practicable.

[@tatianastarcic]

Currently, the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.

[@berniceburgos-]

Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?

[@tatianastarcic]

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@BridgetMiller-]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@Hughjass66454]

Anyone who buys Reddit stock hasn’t used the app

[@JiveCinema]

Straight meme stock

[@kl3664]

Tbh, outside of Wall Street Bets, and a few other niche Subreddits, it's a leftist app. In other words, poors. That's the reality.

[@JiveCinema]

@@kl3664 "leftist" meaning not knuckle dragging deplorables who worship orange nonsense. For the most part, yes.

[@BearlyBullish]

@@kl3664r/conservatives

[@calmman32]

​@kurtloban3664 you have not been on Reddit have you? There are multiple Reddits for ideas

[@HadrianValentine]

I’ve recently switched from Android to iPhone as a Garmin watch user and I can confirm that the user experience is worse with the iPhone. The most annoying part is the syncing and notifications. With my Android phone the watch would automatically connect and sync whenever the devices are in Bluetooth range. With the iPhone the watch will disconnect throughout the day and you’ll need to make a point of opening the Connect app to manually trigger the watch to reconnect. If you don’t you just need to accept that you won’t be able to receive notifications on your watch for the rest of the day or use your watch to find your phone even when you’re in Bluetooth range. The most frustrating part is that these shortcomings feel intentional on Apple’s part.

[@loganlancaster4809]

I've been thinking of getting an iPhone after my current Samsung craps out but this is really good to know. As a runner Garmins watches are vastly superior to the apple watches at a much cheaper price so this connectivity issue is a major problem.

[@wallysan31]

I converted to an iPhone after getting a lot of iMessage pressure as a grown adult. It was a pretty good experience, but the closed nature of iOS meant I was stuck with the same customization options. What put me off about iOS and why I ended back at Android was the notifications system. iOS is legitimately awful on the notifications side. With work calendar integrated in my personal cell, I could not have a device that clunky for sensitive work. Apple has not attempted to fix it's notifications bar in 7/8 years. It also helped that my work was a Google Suite company so the google integration was seamless. I think some of the DOJs arguments are legitimate, like those around messaging and third party watch usage. Even if Apple is taking steps towards rectifying their stance, they should still be punished for years of anticompetitive practices. Their language is clearly poor and reflective of negative bias, but some of their arguments stand. For example Joseph was talking about how Sony doesn't let anyone else make Playstation controllers, meanwhile companies like SCUF build custom, improved controllers for the PS5. Apple on the other hand gimps how third party watches operate on the iPhone. That's open and shut anticompetitive practice.

[@StuartHerrington]

I have a Garmin with an Android and it seems like your issue could just be how it's currently set up on your iPhone. A quick Google search has shown a few things that might be the issue, but I think the most obvious one might be changing the location settings for the connect app to Always. iPhone Settings > Connect > Location > Always. If it's not that it could be something else, but my money is on that

[@tru5919]

My mother is an apple user, and she purchased a Samsung phone at one point, but she struggled to use it, so she passed it on to me as my first phone, and I loved it.

[@johnristheanswer]

Yep. 4x Samsung users in our home right now.

[@johnathanvale8634]

Yeah, I've come to the conclusion that for The average lament, apple is a far more simple and understandable phone. I don't see anything wrong with owning apple stock and not owning their products.

[@jassonarostegui7524]

Had been using android (samsung for years) and recently bought an Iphone, abd realize Iphone is by far way better than Samsung. Actually Iphone is for me the best out there.

[@bardoomguy]

​@@johnathanvale8634 What makes iPhones far more simple and understandable?

[@DallasHarv]

​@@bardoomguyno customization 😂. I can do anything I want with android... but apple is apple ONLY. simple enough, right

[@sns4533]

You can't do damage then reverse back as nothing happened. The claim that these complaints are not an issue anymore because Apple reversed back on some of these decisions over the last year, ignores the harm that they may have done over the past decade or so.

[@Boblol126]

They’ll just pay a fine and continue on as usual

[@rahhjur]

The DOJ is not issuing a fine. Only demanding a remedy.

[@Blueblur599]

Doubt anything will happen lol ​@@rahhjur

[@frankstudent]

This is the DoJ. Something will haoppen

[@Boblol126]

Oh my sweet summer children

[@inamorta47-playertwist]

😂😂😂

[@michaelswami]

Didn’t you say at some point that Apple’s devices essentially capture customers by forcing them into the apple ecosystem?

[@nathanvanwie643]

Seems normal that if you buy a product when you are using it need to be in that ecosystem. Would be weird to buy an Xbox then complain you need to use the Microsoft ecosystem to buy the games or if you have the Ps5 needing to use the PlayStation play store.

[@calmman32]

Literally for years Joseph has made that a point. His bias blinds him

[@nathanvanwie643]

@@calmman32 I don’t have any love for Apple and don’t own it. The payment processing bit (where they tried to make it impossible to bypass the Apple fee by any means) was out of line but the rest of what is going on seems normal. I think this will be another swing and miss from public prosecutors.

[@calmman32]

@nathanvanwie643 very possible and Apple has deep pockets and lobbies hard in addition to their normal practice of buying competition. I own stock in apple BTW. I don't own any of their products any more

[@nathanvanwie643]

@@calmman32 yeah, and public prosecutors have failed in basically every lawsuit they are filing within the last year really seems like their lawyers are out of their element.

[@saNynho]

hot take: you could still have apple-developed apps that seamlessly sync while allowing users to choose to use other ones

[@JosephCarlsonShow]

Video: I’m a huge fan of Apple Comments: You sound like an Apple Fanboy You don’t say!

[@gandof305]

Are you can Apple fan? Be honest.

[@BROBI556]

Just because you address your bias, does not discredit those who disagree with you.

[@Foxyfreedom]

Too bad the Apple Watch is no longer selling due to plagiarism

[@goldeneastgun]

@@BROBI556 Damn right brother!

[@landmarkcm]

He says I know "someone" with a green bubble as in like one person!? And doesn't seem to think that's a real problem lmao

[@LawdDemRangz]

"We all know someone with the green bubble" Easy, Joseph. That cuts deep.

[@randolm7698]

It's not a coincidence that AAPL is in the 'process' of changing some of the charges - AAPL knew these charges were almost certainly coming for months or longer. The DOJ isn't dropping the charges as it wants the changes to happen and be on the permanent record of being required.

[@Grumpollion]

I cannot imagine what Reddit is trying to develop with all of that R&D spending. Something stinks.

[@Allen-L-Canada]

there is no need for innovation, same as Twitter

[@SedgeFinance]

Agreed. Reddit has not changed in any way, besides moderation practices, since its inception. This is for the same reason why there are no costs and their margins are so massive - Reddit has never been anything but a forum. A REALLY big forum, but a forum like any other. There aren't many changes to do. My guess would be that they are recording some big salaries as R&D expenses.

[@loyes89302]

They're probably *expensing developer salaries under R&D as do plenty of other tech companies.

[@bardoomguy]

dude, AI. Must be AI

[@seanmobb]

R&D = their entire engineering department, including maintenance and support teams. Most tech companies call their engineering departments "R&D" because there were huge tax credits for doing so. So, there may be some bloat in there, but much of the R&D is needed just to keep the lights on.

[@Hol0gr4m]

"Seamless". My wife's phone is only 5 years newer than her laptop. She can't even get the photos off of her phone onto her laptop because she cannot update her laptop any further. She has to use her Amazon account to transfer her photos from her phone to our Home server. Of all the functionality that one would expect from a device which initially cost $1700 and a phone that cost $1000, transferring photos should be the most elementary of tasks capable between devices.

[@inbracedefeat]

if she has an iCloud account this is pretty seamless. Not sure what you are talking about I have an iPad from 2018 and my texts and photos are uploaded daily to the cloud and I always have access.

[@tomzphone]

because you don't know how to do something - shouldn't be an Apple issue.

[@Hol0gr4m]

@@inbracedefeatso we should pay for cloud storage just to transfer photos from one device to another? She has hundreds of GB worth of photos and videos. Why is it okay for an expensive device to not even be comparable to a $5 flash drive when it comes to ease of access in transferring files?

[@Hol0gr4m]

@@tomzphone I'm somewhat tech savvy. I've spent hours in attempting file transfers between multiple devices. The best I was able to get was transferring 8 photos before the devices became disconnected and would never reconnect again.

[@everry3357]

​@@Hol0gr4m "tech savy" 😂

[@__Wanderer]

On a note other than tax dodging: I agree they make quality products. But I liked them a lot more when the quality : price ratio was in balance. My 2011 macbook pro 17" was glorious and not much more than the general market. Now everything is insanely priced. 3-4k easily for a decent laptop that isn't much better than a 1.5k windows laptop... Phones are also triple/ double the price of android and the benefits are marginal to none in my opinion. Stil the best quality, I agree, but the prices are now off the charts.

[@PlonkMan5234]

Joseph, I don't think you understood the part about wallets. The complaint is that Apple doesn't allow other apps to serve as wallets, but the argument you used to counter that is that Apple is going to allow iPhones to be used as payment terminals. This doesn't address the complaint. What the DOJ is saying is that, for example, a user should be able to use Google Pay on an iPhone, or a bank should be able to set up their own digital wallet for their customers. This is the case with Android where banks typically have their own payment app.

[@cyclingvideoes]

I hope they never do that to the iPhone. Too much security risk imo.

[@geometrist_]

@@cyclingvideoes most users will NEVER use another wallet but its about having the option . imagine the govt not letting you have bank accounts with small credit unions because its a risk to you as the depositor.

[@loyes89302]

@@cyclingvideoes a bank that has it's app which needs to abide to security regulations and go through tons of checks, plus having tons of government & insurance guarantees is "too much security risk" but blindly trusting everything to a single tech company isn't?

[@CreditBuko]

​@@cyclingvideoesthe reason apple forced to use USB c. Apple is a totalitarian monopolist.

[@cyclingvideoes]

@@CreditBuko they were not "forced" it was apart of their transition already. They were literally on the board that INVENTED usb-c and made it popular to the world in 2015 with their MacBook. Before that, they were only on no-name tablets and they helped bring the industry standard forward.

[@kiegan923]

As a Garmin watch user with an android phone and a lot of active friends with iPhones and Garmin watches I will say that it is quite shocking how many features Apple blocks. Garmin does not run on android but works way better on it just due to the fact Apple chooses to limit it. Also we all laugh at people who have apple watches. Sure maybe it has better smart features but my watch battery lasts 30 days and the heart rate monitor runs 24/7. Way better for health and fitness.

[@fendermon]

Only thing I have seen limited is the ability to respond to texts. The Garmin app is completely self contained btw. Maybe if you try to use both Garmin's health and activity tracking mixed with Apple's.. things go sideways.

[@slowmigo]

I’m happy with my Apple Watch Ultra for my fitness tracking. I use it for all my runs, races and marathons. It does a very good job of doing what I need it to do. The convenience it offers with respect to other apps and abilities supersedes the battery life. It requires a charge every 2-3 days for 30 minutes; hardly inconvenient. I don’t get laughed at by my friends who use garmin products either. You sound like an elitist snob 😂

[@cg219]

This is more a Garmin issue than an Apple issue. The devs are just putting more stock into Android because more of the Garmin user base is on Droid.

[@kiegan923]

@@slowmigo well I suppose looking at it that way my Walkman does a very good job of doing what I need it to as well. I suppose if you're just doing a marathon it'd do the trick. Ah that's unfortunate they're not even giving you the courtesy of poking fun while you're present 😂

[@sshumkaer]

Crying about things DOSNT make it a Monopoly. It's not one

[@pablocastro2210]

From Samsung galaxy to iPhone,,,, I feel kidnapped,,,, iPhone feels like a Samsung from 8 years ago,,,,?🎉🎉🎉🎉

[@shadowninja6689]

IMO I don't think it's look for Apple that they backtracked on some of the DOJ items only recently, and only after things like massive PR campaigns by competitors (such as with the blue/green bubbles). It looks more like Apple knows they're guilty of monopolistic behavior and are hurrying to backtrack to cover themselves after already breaking the law, and I'm saying this as an Apple shareholder. Also IMO the big problem with Apple is that they quite frankly need to be regulated much more closely because they're in a much better position to abuse their power as a game keeper to cause widespread economic harm to anyone they want. Like for example how they can use their 30% fees to cripple any competitor on the iPhone to any Apple service they want (which is a claim that Spotify won in court in the EU), or even just find some made up reason to de-list their competitors (as happened to Epic, only for Apple to do a 180 a few days later after realizing the backlash wasn't worth it and the EU government would no doubt go after them for anti-competitive behavior if they didn't reverse it).

[@bluecko72]

I think Apple its a great company in the monetary sense, but for me, I don't really like their "culture", their fanbase and what they represent to the consumer. They do have great technology, beautiful hardware, but the entitlement people give to themselves for owning an Apple products its just nauseating. On a side note, so weird the US is the only one that has that green vs blue problem hahaha the whole world moved from that type of messaging a decade ago.

[@peterpayne2219]

This lawsuit is totally B.S., and I believe Apple will (mostly) win out. If Apple cannot make a "walled garden," the Nintendo/Playstation/Xbox must open their platforms up for free to everyone, and Ford must allow Hyundai engines, and Toyota must allow Suzuki parts to work with its cars. In other words, cats and dogs, living together, MASS HYSTERIA!

[@ManoElMacho]

True. Android is ingenuitive but their execution is trash. Apple just does it better. Hardware and software. Apple ios just works. We dont need an open source for our phones. Thats why we use PCs

[@dennislee7312]

Those companies/systems you listed like gaming console and car engines all have industry standards they have to abide by as mechanics and repair shops require some ability to know what tools can be used to fix the product and things like gaming console also require standards so game developers understand how to make the games for various systems. Sure, exclusive deals with game companies exists where a game is only available for a certain console, but those are one off cases that are special deals arranged and not part of generalized practice. Apple create their own standards and refuses to abide by the industry standards that were already set up and that every other company abides by. This is FINE if they practice/had some form of business ethics but they don't. They overcharge their own USERS and causes friction for society in general just to pad their bottom line. Their use of lighting cable and how they "brick" their own product (ipads/iphones) after a few years are just a few examples of horrible business practice and how they abuse their economic position to bully their own users and everyone else involved. Look at the literal stack after stacks of useless iMacs that exists right now that cannot be used because they are bricked by Apple. They are perfectly good 2k monitors that cannot be used anymore because Apple just decided you shouldn't be able to reuse their monitors with other computers, even their own computers, and you need to go buy a new one. Just think about the amount of electronic waste this created with products that can still be used. You can bypass/hack their lock and unbrick their iMac monitors, but most people don't have the know how or have the time to do something like that. The unethical behavior does not end there, and there is an entire history of bad practice like these that Apple just simply got away with for decades. Their 30% take on the app store is by far the biggest problem and this issue only exists because these problems were ignored for so long. Apple will probably win out, but not because they are not doing anything unethical or wrong. If Exxon mobile was doing anything remotely close to what Apple does, no one would defend them and would be demanding for government regulation, but here we are because it is Apple and people think it is some morally good company for some reason.

[@cokezzz8249]

It’s probably not smart to make a video defending a company you have significant financial interest in. Makes your arguments less valid.

[@calmman32]

He cares not and never has. To add how he refers to moat for apple

[@24whatshisface]

Apple does need to cut the crap, glad there is finally a lawsuit to force the issue.

[@bluezaton]

Even great companies can fall on large lawsuits. Like 3M for instance.

[@calmman32]

Microsoft and Bells

[@xord5293]

If the DOJ is really trying to protect consumers, they should rather sue Boeing to protect aiplanes from falling to the ground. This lawsuit is stupid.

[@jordanwilliams9300]

They should both be sued.

[@ric_silva_a]

Joseph really revealed himself as a true apple fan boy here 😅

[@sebastianrichter8054]

Ah I see people already forgot about intel macbooks from late 2015 to early 2020. Bad peripherals (good ol dongle time, using third party docking stations was a gamble, especially with 2 monitors), keyboard gets stuck just by looking at it, thin chassis which led to overheating and throtteling, worse battery time with every new facelift, USB-C port is becoming loose from frequent plugging/unplugging because u had to charge it somehow, and the love hate relationship with the touchbar, wich got scrapped in the end. And still I could not use another laptop because the touch pad was just better then anything else ¯\_(ツ)_/¯. Thanks for coming to my TED talk.

[@bankingfinance2989]

I have no words for these DOJ claims… Greetings from Germany

[@LucaZampieri-b3y]

Apple had info on the lawsuit beforehand and addressed the points in advance. That's clever and I wouldn't expect anything different. The DOJ should scrap the case and put the resources back to any other "unfair" thing they find. Probably they're going through because they can't prove they induced any change, so at least they proceed with the lawsuit to justify the cost of setting it up.

[@budgillett]

You sound very similar to a golden apple fanboy. Comparing an android smartwatch connecting to an iPhone vs Apple watches connecting on android phones can't be compared because you can't even connect an apple watch to an android in any capacity.

[@JosephCarlsonShow]

I am a fan of Apple, as I said in the start of the video. It’s legal, and fine, for Apple Watches to only work with iPhones. They have no precedent to argue otherwise.

[@budgillett]

@@JosephCarlsonShowI totally agree. I thought it odd to compare an android having ability to connect to an iPhone equivalent to an apple watch, since there are so many limitations for other devices with an apple watch. It's ok to be an apple fanboy, and appreciate your acceptance of that. I'm not a fan of the DOJ, but I do see many instances where apple does things on purpose to exclude anyone who doesn't have their devices.

[@budgillett]

@@JosephCarlsonShow Are there potentially other precedents? I interpret that as other products similar to the apple watch that have come before, like Pebble.

[@paragonknight3307]

​@@budgilletti believe the DOJ wants to split apple into multiple companies

[@sshumkaer]

​@JoseyphCarlsonShow yes it is

[@Flyers8810]

As a middle aged windows/linux user that started buying apple products and moving into their eco-system that I resisted for so long I hope this suite doesn't amount to much and apple continues with their products. I didn't know the convenience and ease of use I was missing.

[@fendermon]

Same here. I wish I could purchase the time I blew teaching myself Linux. Alas.....it is gone forever.

[@RoyceVera]

13:44 sounds like every other politician. Make opinions sound like facts😂

[@CatholicSoldierX]

Sounds like somebody in the DOJ got bullied in highschool for not owning an iphone, and that forced him to be a reddit google fan boy 😅 Very weak lawsuit in my opinion

[@zachariahmccoy]

I hope they sue Google as well.

[@calmman32]

They already did

[@zachariahmccoy]

@@calmman32 so then why does Google still get to do aforementioned things that apple is doing

[@zachariahmccoy]

@@calmman32 google got sued for the search engine, I never saw any law suit about their phones or any compatible device they have.

[@calmman32]

@zachariahmccoy they ate not doing the same things nor where they sued for the same things and they have already stopped. Also othet countries have sued as well

[@zachariahmccoy]

@@calmman32 yes they are , literally the exact same thing.

[@sho_cakes]

“Already moving to fix” isn’t good enough for customers. I’m a iPhone user for over 10 years, but I can’t say that I’m 100% happy. Why can Apple limit the things I can technologically do with this expensive device I bought just because Apple wants me to use their service?

[@ThnkIaA]

interoperability for commonly used devices creates costs to society that are being paid by users. When one company controls more than 20% of the market, the users are paying for the cost of a lack of interoperability. Why should Apple be given the exclusive right to commercially control something that acts as a gateway to commonly used functions of society when Apple, in its own commercial interest, willfully neglects development at the cost of society. That is the reason for the anti-trust complaints regarding apps, smartwatches, and devices.

[@ThnkIaA]

Also it’s not unique, happens in the automotive industry, happens in pharmaceutical, happens in rental industries, happens in food processing and production. Why not electronics or “technology”

[@thebigbucktheory5488]

​@@ThnkIaAwell they should have just said as much while you still might be correct, their language was very emotional and not factual... Apple also is actively changing 2-3 of the things that are in the actual statement.. it's like buying a computer to send a text you can buy an android... Bmw / Mercedes also makes a lot of the electronics for most brand of cars and could totally hold it to just them and create a thing apple has, but they need money so bad they they sell it to all the other companies.. just business decisions and it seems apple made the right ones. (Ps I hate apple, and only buy android, but this does not constitute a monopoly, rather a good company).

[@JosephCarlsonShow]

Sony has majority market share of consoles, but the controllers don't work with Xbox/Nintendo. Spotify has the dominant market share of audio streaming, but you can't export playlists, listen history, or likes. Samsung has the largest market share of TV's, but the remotes don't work on other brands like LG. Roku is the largest streaming TV stick, but the remote and bluetooth speakers only work with Roku devices. In case these companies have over 20% of their given market's market share. Are you going to Apply these rules equally amongst companies or come up with some excuse of why they're only applicable to Apple? You're acting as though Apple is "getting away" with something when in reality Apple is being uniquely targeted in making their accessories work with other brands. A better question is "why SHOULD Apple Watch be forced to work with other brands when it's clearly an accessory of the iPhone?".

[@johnsmith-vy7vo]

@@JosephCarlsonShow Playstation/Spotify/Roku/Samsung TVs - none of these are monopolies! The DOJ asserts that (a) Apple operates a monopoly (in the US smartphone market) and as such uses (b) unlawful anti-competitive practices to maintain that monopoly. These two points combined is what separates Apple from your examples. The problem the DOJ have identified is not just with inoperability of Apple products with non-Apple products, but the common practice of purposely designing iphone APIs and other essential interfacing technologies in such a way as to limit the functionality of non-Apple products when used with an iphone to the detriment of the user. Example: buy a cheap pair of wireless earbuds, pair them to your iphone and then say 'hey siri' and see what happens? Nothing. That's because Apple prevent third parties from accessing essential API components to enable this feature, which of course works perfectly fine with Apple Airpods! There are hundreds of other similar instances of inoperability with third party products that are deliberately obstructive and anti-competitive. The complaint clearly states 'the areas identified in this complaint reflect a non-exhaustive list of recent anti-competitive acts' and I expect the DOJ will evidence this quite clearly in court.

[@johnsmith-vy7vo]

@@JosephCarlsonShow Playstation/Spotify/Roku/Samsung TVs - none of these are monopolies! The DOJ asserts that (a) Apple operate a monopoly (in the US smartphone market) and as such uses (b) unlawful anti-competitive practices to maintain that monopoly. These two points combined is what separates Apple from your examples. The problem the DOJ have identified is not just with inoperability of Apple products with non-Apple products, but the common practice of purposely designing iphone APIs and other essential interfacing technologies in such a way as to limit the functionality of non-Apple products when used with an iphone to the detriment of the user. Example: buy a cheap pair of wireless earbuds, pair them to your iphone and then say 'hey siri' and see what happens? Nothing. That's because Apple prevent third parties from accessing essential API components to enable this feature, which of course works perfectly fine with Apple Airpods! There are hundreds of other similar instances of inoperability with third party products that are deliberately obstructive and anti-competitive. The complaint clearly states 'the areas identified in this complaint reflect a non-exhaustive list of recent anti-competitive acts' and I expect the DOJ will evidence this quite clearly in court.

[@LEVERA6E]

Apple has become the monolith their 1984 commercial swore to rise against. That being said I'm not selling because of the cult-esque loyalty moat and fortress balance sheet.

[@calmman32]

Agreed

[@johnathanvale8634]

Big confession. I don't use apple products, and I don't particularly like them either. They don't offer a higher quality experience to Samsung products. With that said. Apple is objectively a better company for its shareholders

[@EliaHanzík]

Hi Joseph, do you think that Temu can be a potential danger to Amazon? Love you videos and I would love a video about ServiceNow I think they might have a bright future.

[@thebigbucktheory5488]

Have you purchased anything from temu? I'm not trying to be funny this is a genuine question.

[@khizarqureshi8840]

Cannot say. Amazon has spent a lot in fulfillment which temu hasnt. Also amazons business is not just retail

[@InfoRanker]

They should call it The Department Of Injustice

[@fendermon]

They should be working over Amazon.

[@romanz1692]

You so good in summarized something.. highlighting the relevant and important points 👌

[@tongobongo5306]

Also who, out of all the Apple Users, asked the DOJ to sue Apple? 98% satisfaction rate for Apple users with their service and devices, but DOJ is not happy. Who is DOJ representing here? Chinese owned tech companies

[@s9josh778]

Don't be that guy that is blinded by shareholder value.

[@Youngdanny45]

Apple is still the greatest company on earth

[@shaneoneil894]

Why doesn’t the DOJ actually do some meaningful work. The healthcare industry and PBMS for example need scrutiny. They seem to act more for clout than for the benefit of the population.

[@calmman32]

That is more political as United Healthcare is a major donor. And UH is very powerful. And many times there have been attempts destroyed by Republicans

[@CP-qg4ks]

So the DOJ is saying every company’s products should work seamlessly with competitors company’s products? So why can’t I watch Netflix shows on Prime Video? Why doesn’t Pepsi offer Coke products? Why doesn’t McDonalds sell whoppers? Why doesn’t my Jeep drive like a Mercedes?

[@mikemuponda1781]

I get your point however I think you miss the point a little bit. Think of selling a product having two sides..offense and defense. Defense is focusing on making your own product better and better and offense is now focusing on strategies that makes your competition's products miserable. Not a perfect analogy at all but the point is Apple does this indirectly by making sure your iPhone messaging experience harder with non-iphone users for example. This happens in so many ways, device to device, device to app, device to app, os to os etc. Some companies just focus on making the best product they can liek your burger kings or McDonald's Whilst others want to somehow make the competitor's experience inferior using direct or indirect methods like apple does. I think companies should just be focused on making the best product they can not elbowing others out the way

[@Lazy_berry]

Your point soes not make any sense. If you wish you can pour coke in a Pepsi' bottle tho. Seems more usable than a Garmin smartwatch with iPhone

[@CP-qg4ks]

@@mikemuponda1781 Maybe the problem is android software. Why doesn’t android fix their software to be compatible with iOS? Why should Apple have to make their product inferior to be able to make android devices better? I’ve never had any problems messaging with an android device. That still doesn’t make Apple a monopoly people are free to choose any phone or product they like. They don’t have to buy Apple devices

[@CP-qg4ks]

@@Lazy_berry If you pour coke in a Pepsi bottle you’re still drinking coke. If you want coke you have to buy coke. If you want Pepsi then you have to buy Pepsi. You don’t have to buy garmin unless you want it and you don’t have to buy Apple products unless you want to. Every company has their way of doing business that promotes their products. So can I take a radio from a Mercedes and have it work perfectly with my Jeep? I didn’t think so

[@Lazy_berry]

@@CP-qg4ks it used to be able to interchange radios tho, too many companies are moving into anti-consumer practices

[@matthewallen2890]

My little sister can't send me quality video clips of my niece because she has an Iphone and I have an android phone. This is a direct and intentional action from Apple to hinder our family video clip sharing. Apple is the one deliberately crippling the quality of our text messages. My last Iphone was the 3GS. I will never go back after leaving that digital prison. Apple is not a great company. A great company would not be so fearsome of competition and eager to hurt the customer's experience with their family. Apple does everything they do to improve their quality of life. Not their customers. Don't kid yourself.

[@ManoElMacho]

Android sucks man

[@internationalplayboy8685]

I am sure Tim Cook is crying over your departure. Stick with Android and Samsung, they are the top phone choice of low budget hobos world wide.

[@matthewallen2890]

@@internationalplayboy8685 Here's a quote that could serve you well. "Better to remain silent and be thought a fool than to speak out and remove all doubt."

[@bardoomguy]

​@@internationalplayboy8685 I'm sure Tim Cook is proud of you for calling someone else a hobo for using a non-Apple phone

[@samuraiedge9761]

They should sue them for having the worst email app But fr instead of suing apple they should sue companies who remove features and sell them through a subscription.

[@diogomm710]

This just felt too much like an AD. I don't have enough time for ads this big.

[@hersheyquestlol]

The R&D expense is really concerning... wth are they even doing with that money

[@AntiGoogleEmpire]

I find there could actually be a point in the government forcing better interoperability between tech devices but in my eyes this should be put into legislation first and then the government could sue. The other way round feels weird but is probably also an artifact of the two chambers not being able to agree on anything

[@methos1999]

Joseph Carlson: Investment philosophy > Stock Selection > 1. Monopoly Also pretty sure I've heard him talk about Apple's ecosystem being monopolistic. I know he knows about competitors complaining about the "Apple Tax". Personally this is where I think he's being a bit defensive and would like him to Steel Man the DOJ case. I personally am more concerned about China's economy and government being a threat to Apple's profits than I am about US anti-trust, but playing out a worst case helps assess overall risk.

[@sshumkaer]

Not a monopoly

[@methos1999]

@@sshumkaer Wow thanks for that deep insight.

[@jamesgastaldo4710]

Doesn't Google do all the same things, phones, chromebooks,chrome os and services too !!

[@trieet9827]

What I got from DoJ: We like to FUD apple, therefore apple is not user friendly. Me: Thx you DoJ, i'll buy more appl shares cuz DoJ's claim suck balls

[@fendermon]

I don't have any free cash right now but you can be sure Apple is in buying mode.

[@arturprivat8180]

I know Union Pacific is a boring company but i love it, can you do a update to this stock would be nice :D

[@missingpiece2071]

you forgot that apple provides free suicide nets for all their factories, what a great group of people apple is

[@asishreddy7729]

I for one am sick of iphone and want to switch to android. But I really want to keep using the apple watch. But apple doesnt allow that.

[@keepitraw1]

You know for girls it’s a red flag if someone owns an android

[@JosephCarlsonShow]

You can always put the watch up for sale.

[@rypato1992]

​@@JosephCarlsonShowthats missing their point

[@cyclingvideoes]

@@rypato1992I think they get their point, it’s just missing the point of what a sandbox ecosystem really is. You can’t take the toys out of the box, package deal.

[@lbjmedia2151]

Why does the Apple watch need to be compatible with other devices? It's an iPhone accessory. That's like saying I love this android phone case, but it doesn't fit an my iPhone. So does every company that makes android phone accessories have to make them for iPhone too? Or for every other random smart phone that pops up?

[@addy7070]

DoJ document is like when I work on my 2000+ word essays on the last day.

[@fendermon]

It does seem cobbled together 😂

[@Ardarail]

It's not other smart watches and accessories just don't work as well with iPhones, Apple deliberately degrades functionality for 3rd party accessories.

[@MichaelChoi]

I believe DOJ launched the lawsuit so the senate and the house can buy the stock on the cheap 😂

[@fendermon]

The lawsuit really looks just like a list of complaints cobbled together. The argument they are making that we have to look at the complaints together as a whole probably won't hold water.

[@ric_silva_a]

Come on man, are you seriously ignoring how Apple made the older iPhones slower to push users to buy the new ones??

[@DhavalBrahmbhatt2627]

I don’t agree with the take on Apple lawsuit. For one thing, the lawyers speak different language. For another, the whole world knows Apple ecosystem is a walled garden. It’s designed to keep you in and never let you out and if you want out, you will be in a world of pain. One example will let you know . Apple has an app on Android to bring you over to iPhone but they don’t have one to let you go to Android. They may say, well it is up to Android world to make one, we are not going to make it for you and that’s fine but Apple doesn’t allow such access, effectively admitting that you will have a red carpet when you come in but you will be bleeding through every orifice when you go.

[@TS-ij9cz]

Thanks Joseph for your analysis!

[@jfj794]

Nothing compares to an iPhone or any Apple product. My first iPhone was iPhone 4 in 2010. My buddy at work argued back then that he would never use an iPhone. He said, “what’s the big deal about an iphone,” I always said “because it works so seamlessly and smooth, it just works.” Reminded him about this yesterday while he spoke to me over his iPhon and apple AirPods. 😂

[@sebatsionEEE]

too true

[@Markazoid6041]

I agree with you seems like they’re throwing spaghetti at the wall just to see if it sticks. And if a product wasn’t release until all the bugs were worked out of it, it would take forever or to release it. One in today’s world is a constant update on computers and phones. I like the Apple Watch and phone. The laptop is just too pricey for me. Sometimes the government gets full of itself.

[@Lazy_berry]

"android smartwatches work better with android than iphones" So, there is a single Android company making everysingle android smartphone and smartwatch? Or is that Apple is forcing you to buy an Apple Watch?

[@RenewableEnergyInvestmen-it5jl]

The complaints are softballs for sure. But Let’s be real. AAPL has been utilizing monopolistic practices and extorting its App Store as a toll road for the past decade. We have AAPL and Android. That’s an oligopoly. I feel like I have to pick between Trump and Biden.

[@Belaziraf]

In all the videos I've seen on this subject, there is a systematic mistake or maybe misunderstanding. Monopoly because of success is only natural. Monopoly because of "vertical integration", coercing developers and manufacturer so no third party can compete or even try to are actions similar to organized crime syndicates used. There comes the antitrust laws. And that's what it's about. Not monopoly.

[@sshumkaer]

This isn't Monoply

[@MatzWerk]

Ah... Another KZbinr who thinks he is smarter than thousands of people in the justice department.

[@JosephCarlsonShow]

The department of justice has lost plenty of cases. I’m not sure why you’re assuming everything they’re doing is a slam dunk and can’t be argued against. Apple will also hire very bright lawyers to defend themselves.

[@fixedincome008]

Why can’t they just leave Apple alone? I love the Apple experience because they are closed.

[@khizarqureshi8840]

If anyone knows it’s Buffett. If he exits we exit

[@paragonknight3307]

​​@@omgaming2924trimming a postion because it goes over a certain % amount doesn't count as exiting a postion

[@Max86421]

If Apple wins this case, then other companies will follow Apple 💯

[@jesusmendoza7774]

Is the data from Qualtrim reliably? I've been thinking about subscribing but I'm not sure. Where does it comes from?

[@JosephCarlsonShow]

We have 3 different data providers we use. The data is overall very accurate but will never be 100%. There's going to be some quarters where the data is off and usually it gets corrected as we get reports. So you can't count on it being 100% (just like any website). If you want to double check you need to visit the earnings report.

[@mathewwilson9776]

Nothing to worry about: a company that barely grows and trades at 28x FY23 earnings... what could possibly go wrong?

[@fendermon]

Well, they are buying back shares at a furious pace...so there's that...

[@mathewwilson9776]

@@fendermon 80b in buybacks at $180/share (or higher) amounts to a 2.8% buyback yield (or less). So at $180, you get a less than 3% buyback yield (assuming cashflows remain stable), a 0.5% dividend yield and whatever growth they can produce, say 3-5%, for a 6-8% total, at 28x earnings (normalizing by a 26% margin, the highest the company has achieved). That's your best case.

[@mathewwilson9776]

@@fendermon If the multiple contracts to 20x over the next 5 years (-6.5% CAGR), your total return is practically 0% all else equal. And if the economy and demand slow down, and you get no growth (plus the corresponding bad sentiment, further multiple contraction)... Is this really the best risk/reward you can think of?

[@mathewwilson9776]

@@fendermon Investing is not a greatness pageant; a monkey can come up with a list of great companies. If a monkey that spends a few minutes watching CNBC ends up with the same portfolio as 99% of people...

[@RussellCraigSounds]

The real question is how many law suits will it take before I can schedule an iMessage in the messages app?

[@NF12222]

As a Samsung and Android lover who finds Apple's UI physically painful to use, this lawsuit is so stupid. Hope Apple picks up the W for the sake of Capitalism!

[@SuicidialDolphin]

If Apple loses this lawsuit, can the DOJ sue Mojang/Minecraft next for not having Bedrock and Java compatibility? 😂

[@shellywhite2145]

What are the best additions to a $500k portfolio to boost performance?. ETH is Up and will do better, I believe as indicators for profits continue to improve, investors like me believe that “Santa has come early” to the markets

[@laurawheeler-zh8gv]

I think you're better off with majority investment in bitcoin and uprising equities cos they always outperform. Alternatively speaking to a certified market strategist can help with pointers on which to acquire

[@shellywhite2145]

wow massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your investment advisr please, if you don’t mind me asking? in dire need of asset allocation

[@laurawheeler-zh8gv]

ashley airagahi is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment

[@shellywhite2145]

Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals

[@NathanShepard]

My guess per the messaging change in November 2023...Apple has known this was coming and has started rolling out comprises/fixes.

[@Kyle-li8wi]

I cant stand Apple products personally. Dont own a single Apple product and never have. But I dont sic the govt on them.

[@brucebanksshow]

Meta is not a Super Apps and We Chat in the US is not the same as it is in China. Neither of these are Super Apps

[@JerryPallath]

Guys guys, I'm not a lawyer but these are my opinions on big papa Apple

[@1bek]

Omg..always trigger happy to sue someone or some company

[@missingpiece2071]

yeah apple is a saint, all they take is 30% of every transaction, what a great group of people apple is

[@aFrk73]

I knew you were making a video of this 😂

[@christiandgreat8127]

"I like apple as a company" -Joseph Lets see this statement when warren buffet sell apple

[@JosephCarlsonShow]

I have trimmed a decent amount of Apple over the past 3 months. Even if I sold 100% of my stake, I still would like Apple as a company.

[@FJX716]

Apple has a huge history of lawsuits and still bounced back. They’ll handle it and move on.

[@UnipornFrumm]

What i dont understand is why you cant easely transfer files like pictures from iphones to any other phone,all phone manufacturers tou can easely transfer files without using tird party websites ,there is no reason other then apple blocking it

[@sshumkaer]

All you have to do is send an email problem solve, that doesn't make it a mono

[@shaneoneil894]

I’m in the Apple ecosystem by choice. These idiots better not force change a good thing. I need the safety and convenience like a normal person. If you are specialized and need extra you have that option elsewhere. I don’t agree with this lawsuit.

[@niko73le]

you could make a lot of money defending apple in court!

[@horriblypink]

Honestly whether its justified or not I don't feel there wrong, there's two types of people out there. People who only use Apple because Apple only works with Apple products, and people who avoid Apple like the plague because Apple does not work with any other products or anything they own. Its a closed Ecosystem. You go into anyone's home with a PC you won't find Apple, You go into a home with an Ipad instead of a computer and every one's got Apple Ear Phones, iphones, Apple VR gear. Why? Because Nothing else is compatible with any of it.

[@kingtigercrownestate9102]

This better not be the same thing that Nvidia is doing with chips because it hasn't worked out for At&t, Microsoft nor Apple.

[@MrCodboss]

The only reason apple made or is making those changes is because of the lawsuit. They would have just kept down the same road if not for that.

[@joaodealmeida26]

I love your content, very insightful. But today you sounded like an Apple fanboy. I don't have any sentiment toward the company, don't own any shares so I read the news with neutrality. Maybe it's because you have a large position, but it was far from neutral. The other two segments were dope as usual. Cheers

[@JosephCarlsonShow]

I establish early on in the video I’m an Apple fanboy. The arguments I made stand on their own merits.

[@joaodealmeida26]

That's on me then. I missed that part. When it comes to companies like Reddit, since they don't have positive FCF nor enough data.. does it make sense to consider Discounted Chashflows? Or you just let the story unfold?

[@iansweeney1311]

Hey Joseph, I was (and still am to a smaller degree) an apple hater. But I just want to say that watching your videos has helped me open my eyes and take a new look at what apple offers. For me apple has always be "Stifling and limited" and I still agree with that standpoint, but I have realized that not everyone cares or even knows about the uses I put my devices to. What you have helped me realize is that for a large portion of consumers, it doesn't matter if XYZ niche plugin for niche STM32 based chip-set works. It's the experience that really sets apple above others, and it will never be for me, but that doesn't matter because they fill a large portion of what people need or want from a phone. TLDR: Your videos helped me realize that just because I don't like something, doesn't mean it's bad.

[@ManoElMacho]

I use an apple ios because i like not having a plastic phone like all the androids. I dont have to worry about viruses and everything just works and executed better than android. People saying they want full customizability need to strap a laptop to their faces. Phones are not meant to be used like computers

[@emmanuel1163]

with how reddit over moderates and lack of enforcement of anything mods do, lack of admin engagement or feedback to issues I dont really trust that company, poor user experience.

[@uriabinenshtok]

yeah i believe you should present apple in court

[@professionaljugalo]

If Apple made an Android phone, I'ld buy it.

[@ulfjohansen2139]

I really like the channel and your perspectives, but I do wonder how we reconcile on one side to praise the switching cost of Apple and at the same time argue their case against the DOJ. Now some of it is ofc the quality of the products, but are we really going to argue that Apple is not doing all it can to make it as hard as possible for customers to drop any single one of their products in favor or a competitor? The lawsuit might not have enough merit to convince a judge on all issues, but the mere fact that DOJ has been looking into this have pushed Apple to reign in some of the more questionable decisions and as you mention planned or already released improvements in some areas, while others (Epic?) are still not yet resolved, and this is only a healthy thing, wouldn't you agree?