Dutch dating: Sparks fly when Gene Munster takes Apple’s side (video)

“I just think Apple is in the wrong here”  — Loup Ventures’ Doug Clinton

Clinton and Munster duke it out over the App Store payment system. Posted Monday to Loup Ventures’ subscribers.

Cue the video. The Apple bit starts at the 6:12 minute mark:

My take: These guys put on a good show. The crypto bit is also worth a listen.

4 Comments

  1. Michael Goldfeder said:
    How ironic that “success is Illegal” in the Netherlands. I’m sending over the Rose Parade Committee to demand they be allowed to display roses at the Amsterdam Tulip Market and be allowed to pay with bitcoin.

    So Barry Diller’s Match.com and the “Coalition for App Fairness”, which is the shill voice for Epic Games, have gotten the regulatory agency in Holland to allow this narrow transaction to occur. How ironic given that the Oakland Federal District Court Judge and the United States Ninth Circuit Court of Appeals denied this same Epic Games Alter Ego Cartel any legitimacy at all in the judicial community. Perhaps donations are being made outside of the App Store?

    What I’m predicting is that any alternative payment systems created outside of the Apple In Payment (AIP) system are not going to be the bell ringing cash cows all of these App Developers are anticipating. The Apple customers will decide if any outside financial transactions are worth their effort. Mostly based on everyone’s experiences in trying to stop monthly payments when dealing with anyone outside of Apple. Not to mention the issue of financial privacy and what happens when these outfits get hacked!

    5
    January 17, 2022
  2. Daniel Epstein said:
    As far as the argument between the two over security I find the breezy way Clinton says Safari web transactions could considered as secure as what should be the standard for in App IOS transactions is complete bull****. Who is going to be complained to if IOS app purchases are disputed. I think Apple will be correctly looked to by the consumer the way the system is now to fix or adjust errors. This is a real security difference. Third party pay systems will not be Apple’s priority to rectify. Just like if I buy something off of a website using Safari I don’t think Apple is responsible if the payment ends up being screwed up. A real security deficit. And that is only part of the reason people use IOS and not the only reason developers pay a fee to Apple. They pay a fee to Apple to get to the lucrative market that has been created so they can sell their product.

    2
    January 17, 2022
    • Robert Paul Leitao said:
      Daniel: I don’t expect most consumers to opt out of Apple’s payment system. I do share your concerns over security, I’ll add concerns about privacy. I expect Apple to change some aspects of the App Store monetization model. Apple develops and hosts the App Store and delivers Apple’s customers to the developers. If I shop at a Safeway store, for example, I don’t have the option at check-out to pay Kroger instead. I expect some App Store rules to change.

      1
      January 17, 2022
  3. Robert Paul Leitao said:
    In my view, this isn’t about the distribution fee. It’s an effort to supplant Apple from its primary position in the relationship with Apple’s own customers on 3rd party engagements. I consider the claims about “fairness” to be an insidious guise to get at more user information than Apple will provide under its privacy rules. I do expect the distribution fee to be eventually reduced and for Apple to push off the current App Store compensation model in favor of more Apple-branded subscription services outside the App Store similar to Apple One. While the App Store will remain (and Apple has a right to compensation from all app-related sales generated through the App Store), I see the Services revenue mix changing over time with greater flow from Apple-branded subscription services. Currently, about 68% of App Store revenue is sourced from games.

    3
    January 17, 2022

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