Monday, October 25, 2021

Why Apple Shares Dropped This Morning

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As The Verge points out, “if you want to plug anything into an iPhone, be it charger or adapter or accessory, you have to go through Apple. And Apple takes a cut of every one of those devices.” While Apple doesn’t break down precisely how much it makes from selling such peripherals for its devices, if you’ve ever tried to shop for a Lightning cord on Amazon and had to balance price against the risk the cord will stop functioning prematurely — just like your last one — it’s hard to escape the impression that Lightning cords provide a nice revenue stream to Apple.

Apple could, for example, design future iPhones to charge wirelessly, as it’s rumored to be planning. The Verge notes that “a USB-C port mandatory for devices that charge using a cable.”

So this new EU law could be a problem for Apple. It might not be as big a problem as it seems, however.

It also wouldn’t be a problem for Apple immediately, because manufacturers “will eventually have 24 months to comply with the new rules” if they become law, says The Verge. Given two full years to design a workaround, Apple will probably survive this kerfuffle just fine.

Should you invest $1,000 in Apple Inc. right now?
Before you consider Apple Inc., you’ll want to hear this.

Indeed, I wouldn’t put it past Apple to turn lemons into lemonade and grow an entirely new business selling wireless chargers instead.

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  • Why Apple Shares Dropped This Morning
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