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Transcript

Judge Eviscerates Apple Monopoly!🔥IT'S OVER!!!🚨Criminal Charges? · The Paul Barron Crypto Show

• 0:06
  Speaker 1: A new ruling coming down from the courts on Apple
• 0:08
  Speaker 1: could have huge impacts on crypto. Today, we'll break it
• 0:11
  Speaker 1: down for you. My name is Paul Bera. Welcome back
• 0:13
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  Speaker 1: get started.
• 0:50
  Speaker 2: All right.
• 0:50
  Speaker 1: So Apple went into court and they've been going back
• 0:54
  Speaker 1: and forth with a judge. Things have really started to
• 0:57
  Speaker 1: heat up, and now we have a ruling. And when
• 1:00
  Speaker 1: you go out and look for media on this particular topic,
• 1:04
  Speaker 1: there is none to be found hardly. I mean I'm
• 1:06
  Speaker 1: looking at just an Apple court case general search right here,
• 1:10
  Speaker 1: and almost nobody is reporting on this, so very interesting positions.
• 1:16
  Speaker 1: I mean, here's one small random channel out there with
• 1:20
  Speaker 1: one hundred and seventy views. This could be the biggest
• 1:23
  Speaker 1: court case in modern day times. And I go all
• 1:27
  Speaker 1: the way back to the scenario that played out back
• 1:30
  Speaker 1: in the late nineties with Microsoft in terms of antitrust.
• 1:34
  Speaker 1: That's the kind of level that we're talking about. Now,
• 1:36
  Speaker 1: let me jump over here. Apple hates iOS app developers.
• 1:39
  Speaker 1: This is kind of where it all began. Apple hates
• 1:42
  Speaker 1: iOS developers that were dumb enough to write it out
• 1:44
  Speaker 1: clearly in slack. So this is a lot of their
• 1:46
  Speaker 1: internal communication. You can kind of see a lot of
• 1:48
  Speaker 1: statements there that basically what they were trying to do
• 1:51
  Speaker 1: is make it harder and harder for iOS developers and
• 1:55
  Speaker 1: other app builders to be able to take payments outside
• 1:58
  Speaker 1: of the monopoly ecosystem known as the app store. So
• 2:02
  Speaker 1: and one of the things they said, and they were
• 2:03
  Speaker 1: talking to Phil Schuler.
• 2:04
  Speaker 2: Phil Schiller is one of the key executives.
• 2:06
  Speaker 1: By continuing on the web, you will leave the app
• 2:08
  Speaker 1: being taken to an external website. External websites sounds scary,
• 2:12
  Speaker 1: so execs will love that. Then one employee fur the
• 2:15
  Speaker 1: road to make it your version even worse. You could
• 2:18
  Speaker 1: add the developer name instead of the app name, and
• 2:21
  Speaker 1: then that came into another respondent.
• 2:23
  Speaker 2: Ooh, keep going.
• 2:24
  Speaker 1: So the point being is is they were working in
• 2:27
  Speaker 1: concert to try to make it hard for these companies
• 2:31
  Speaker 1: to operate outside of the app ecosystem. And when you
• 2:35
  Speaker 1: go into the layout, this was actually in the court documents.
• 2:39
  Speaker 1: This is the kind of link layout that they were
• 2:41
  Speaker 1: proposing to make work. And this is the problem that
• 2:45
  Speaker 1: because this is you know, kind of just a basic level.
• 2:48
  Speaker 1: But the whole idea was is not to get you
• 2:51
  Speaker 1: to buy anything outside of the Apple App Store.
• 2:55
  Speaker 2: Apple Zone.
• 2:56
  Speaker 1: Witness mister Fisher testified that he could think of no
• 2:58
  Speaker 1: other reason to require developers to use plane link style
• 3:02
  Speaker 1: buttons other than.
• 3:04
  Speaker 2: To stifle competition.
• 3:05
  Speaker 1: All right, So from all that, basically the judge said, Okay,
• 3:09
  Speaker 1: we're done. We're done with this, so their continued attempt
• 3:11
  Speaker 1: to interfere with competition will not be tolerated. This coming
• 3:14
  Speaker 1: directly from the judge. Apple believed that the court would
• 3:17
  Speaker 1: not see through the obvious cover it, So they were
• 3:20
  Speaker 1: pretty much taking it for granted that, hey, we don't
• 3:22
  Speaker 1: really care what the court says. We're just gonna cover
• 3:25
  Speaker 1: this up. They will, you know, nothing's gonna happen. This
• 3:28
  Speaker 1: is kind of the attitude that was being generated by
• 3:31
  Speaker 1: the key executives over at Apple. And this also goes
• 3:35
  Speaker 1: all the way down from Phil Schiller to Tim Cook.
• 3:37
  Speaker 1: I'll get to that in a second. Let me go
• 3:39
  Speaker 1: to this next section of the document and it states
• 3:42
  Speaker 1: vice President of Finances is Alec Roman outright lied under oath,
• 3:46
  Speaker 1: so that was one of the criminal potential criminal issues. Internally,
• 3:49
  Speaker 1: Phil Schiller, one of their key executives, had advocated for
• 3:52
  Speaker 1: Apple to comply with the injunction, but Tim Cook ignored
• 3:57
  Speaker 1: Schiller and instead allowed their CFO Luke Maestra and the
• 4:02
  Speaker 1: finance team basically convince him otherwise, don't have to worry
• 4:05
  Speaker 1: about it, and then Cook basically chose poorly as what
• 4:07
  Speaker 1: the court had ruled. So, as you can see, this
• 4:11
  Speaker 1: is much deeper in the cover up, utilizing their chief
• 4:15
  Speaker 1: financial officer, their key product guy, Phil Schiller, and the CEO,
• 4:21
  Speaker 1: all of which were done under their VP of Finance.
• 4:24
  Speaker 1: This Alex Roman guy. So this was a concerted effort
• 4:28
  Speaker 1: to basically deceive the court going into this, and this
• 4:31
  Speaker 1: is where it gets kind of crazy. Further into this,
• 4:34
  Speaker 1: the court referred some matters over to the district attorney.
• 4:38
  Speaker 1: The court refers to the matter of the United States Attorney,
• 4:40
  Speaker 1: This is the United States Attorney for the Norton District, California,
• 4:43
  Speaker 1: to investigate whether the criminal contempt proceedings are appropriate. So
• 4:49
  Speaker 1: essentially finding that they were in contempt and criminal level.
• 4:54
  Speaker 2: Charges would be weighed in.
• 4:55
  Speaker 1: So this is where the court pretty much drew the line,
• 4:59
  Speaker 1: and now we have Apple executives that literally could end
• 5:03
  Speaker 1: up in some hot water for all of this. The
• 5:06
  Speaker 1: injunction is not a negotiation. So what they're saying here
• 5:10
  Speaker 1: is there's no do overs. Once the party willfully disregards
• 5:13
  Speaker 1: to court order times of essence, now the court will
• 5:16
  Speaker 1: not tolerate for those delays.
• 5:18
  Speaker 2: Basically, what it's saying is this is it.
• 5:20
  Speaker 1: Guy's done, We're over, and now we're seeing an absolute
• 5:24
  Speaker 1: massive win for developers out there.
• 5:26
  Speaker 2: In the gaming community.
• 5:27
  Speaker 1: Almost any app that you can imagine where you pay
• 5:30
  Speaker 1: a fee to pay through Apple, I think most everybody
• 5:33
  Speaker 1: on all your services you're probably going directly to the
• 5:36
  Speaker 1: website of that company because you don't want to pay
• 5:38
  Speaker 1: the extra two to three dollars for just a basic
• 5:41
  Speaker 1: streaming service something like a Hulu or even at Disney Plus.
• 5:44
  Speaker 1: All of that has been done through Apple. Now all
• 5:47
  Speaker 1: of that could disappear and we could see an absolute
• 5:50
  Speaker 1: different format of how payments will be done. So much
• 5:53
  Speaker 1: so that Stripe was showcasing some potential opportunities iOS developers.
• 5:58
  Speaker 2: Big news.
• 5:59
  Speaker 1: You can now accept payments with Stripe outside your app,
• 6:01
  Speaker 1: no iOS App Store commission. So Stripe team cooked up
• 6:05
  Speaker 1: this quick guide. This is going to be happening very quickly.
• 6:09
  Speaker 1: With that, you also see that you're going to see
• 6:11
  Speaker 1: developers out there starting to build new web paywall buttons.
• 6:16
  Speaker 1: So remember this is all outside the app ecosystem, where
• 6:19
  Speaker 1: you'll be able to just link right to it, boom
• 6:21
  Speaker 1: pay for it, not have that additional thirty percent fee,
• 6:24
  Speaker 1: which is what Apple is really facing. Okay, so what
• 6:27
  Speaker 1: you've got here Ryan Jones, he's Flighty. This is a
• 6:29
  Speaker 1: CEO for Flight, one of the top apps in the
• 6:31
  Speaker 1: App Store. So what they're going to do starting to
• 6:33
  Speaker 1: mar the app in the US will have a save
• 6:36
  Speaker 1: twenty percent with Apple pay kind of type buttons, type buttons,
• 6:38
  Speaker 1: not save twenty percent. But that's the kind of potential
• 6:43
  Speaker 1: marketing that these apps will now be able to do.
• 6:46
  Speaker 1: Instead of Apple doing that to them, it's now them
• 6:48
  Speaker 1: doing it to Apple. So it's getting a little juicy
• 6:52
  Speaker 1: over there for Apple, and I think this could change
• 6:54
  Speaker 1: the whole format of how the Apple App Store runs
• 6:57
  Speaker 1: all right, So where you go a little bit deeper in.
• 7:00
  Speaker 2: The document, this is Apple making this stamus.
• 7:02
  Speaker 1: As we believe there will be very little developer adoption
• 7:05
  Speaker 1: of this link out assuming that the scenario where we
• 7:08
  Speaker 1: would give a cost of payments of a discount of
• 7:11
  Speaker 1: around three percent, So at three percent, So the point
• 7:15
  Speaker 1: is is that the developers are going to take every
• 7:17
  Speaker 1: penny they can outside that ecosystem. Now that the court
• 7:20
  Speaker 1: is requiring Apple to do this, that I think is
• 7:25
  Speaker 1: another misstep by Apple. This is going to go viral
• 7:28
  Speaker 1: across all of these The potential impact on Apple is
• 7:32
  Speaker 1: going to be unbelievable. Now, you guys all know Tim Sweetey,
• 7:36
  Speaker 1: CEO of Epic Games. They've been going head to head
• 7:39
  Speaker 1: with Apple on this very issue of being able to
• 7:41
  Speaker 1: offer games up there and not deal with all these
• 7:43
  Speaker 1: crazy fees. Here he is on Lex Freeman talking about
• 7:47
  Speaker 1: this court winning Take a look.
• 7:49
  Speaker 3: All companies are terrified of Apple. Epic was in the
• 7:52
  Speaker 3: unique position with Fortnite having a majority of our users
• 7:55
  Speaker 3: playing on PC and console. Spotify, Facebook the top ten
• 8:00
  Speaker 3: mobile apps. I think none of them would be able
• 8:02
  Speaker 3: to survive without Apple, like literally, their business would be destroyed.
• 8:06
  Speaker 3: They are also sending a message to all developers in
• 8:09
  Speaker 3: the world, we will destroy your business or we will
• 8:11
  Speaker 3: try our best if you fight us. They've been slowing
• 8:13
  Speaker 3: down updates for several major tech companies, sometimes for weeks,
• 8:17
  Speaker 3: sometimes for months, without all going under the radar because
• 8:20
  Speaker 3: everybody's afraid to challenge them publicly. I firmly believe that
• 8:23
  Speaker 3: something like the metaverse will only arise. It's something like
• 8:25
  Speaker 3: a thing can only exist if the Apple and Google
• 8:29
  Speaker 3: gatekeeping monopolies are lifted.
• 8:33
  Speaker 1: So as you can see even Sweeney himself saying that
• 8:36
  Speaker 1: we are going to see a new evolution now. And
• 8:38
  Speaker 1: I think when you look at the impact of what
• 8:41
  Speaker 1: this is going to have on the market around blockchain, crypto,
• 8:46
  Speaker 1: possibly metaverse, VR gaming, we're going to see an entirely
• 8:50
  Speaker 1: new platform. Here's Sweeney talking about it right here, We'll
• 8:54
  Speaker 1: return Fortnite to the US app iOS app.
• 8:57
  Speaker 2: Store next week. He puts forth a piece proposal.
• 9:00
  Speaker 1: If Apple extends the court's friction free Apple tax free
• 9:04
  Speaker 1: framework worldwide, then we'll return Fortnite to the app store worldwide.
• 9:09
  Speaker 1: That'll be a big deal because gamers will explode onto
• 9:14
  Speaker 1: Fortnite within the Apple ecosystem globally, if at least the
• 9:18
  Speaker 1: very least we'll be here in the United States. Now,
• 9:21
  Speaker 1: how is all this is going to continue to affect
• 9:23
  Speaker 1: where gaming is going to be going.
• 9:26
  Speaker 2: Let's take a look at attempts.
• 9:27
  Speaker 3: When he had to say, at the top games on
• 9:29
  Speaker 3: iPhone at almost all times are these ridiculously greedy, high
• 9:33
  Speaker 3: monetizing wayale games which are pervaded with pay to win
• 9:37
  Speaker 3: and loop box practices. And you know it's very hard
• 9:40
  Speaker 3: for the fund based games to actually succeed there. So
• 9:43
  Speaker 3: these thirty percent fees are raising prices of all digital goods.
• 9:46
  Speaker 3: It's just inflationary as a force in the economy. That's
• 9:49
  Speaker 3: just the first drag text. But then to reach users
• 9:51
  Speaker 3: before Apple block Fortnite on iOS, when the user searched
• 9:54
  Speaker 3: for Fortnite, the first result was always some competing game
• 9:57
  Speaker 3: utterly anti user steams, not getting in ship with advertising
• 10:01
  Speaker 3: Apple is. So if you want to be the search
• 10:04
  Speaker 3: first search result for your game, you're probably paying more
• 10:06
  Speaker 3: like forty five percent. If you want to reach users
• 10:08
  Speaker 3: on social media, you're paying another twenty percent. So literally
• 10:11
  Speaker 3: something like seventy percent of the revenue in a game
• 10:14
  Speaker 3: is just going into junk fees to acquire users and
• 10:17
  Speaker 3: get them in your game, and the money that's left
• 10:19
  Speaker 3: over is only enough to fund these, you know, games
• 10:22
  Speaker 3: with rather abusive practices that do not look to normal
• 10:24
  Speaker 3: gamers like games for the most part.
• 10:27
  Speaker 1: So what you're going to see is really an elimination
• 10:30
  Speaker 1: of all this junk gamery that's happening within the Apple
• 10:34
  Speaker 1: ecosystem and moving back to traditional games that are really
• 10:37
  Speaker 1: fun to play and will become viral, but have been
• 10:41
  Speaker 1: thwarted because of all these fees that Apple has imposed.
• 10:45
  Speaker 1: When you look at crossmanth they basically stated at it
• 10:47
  Speaker 1: right here, the Apple tax is death.
• 10:49
  Speaker 2: It's over.
• 10:49
  Speaker 1: Federal Corps just ruled Apple must allow to link external
• 10:53
  Speaker 1: checkouts with no restrictions and no thirty percent cut.
• 10:57
  Speaker 2: What this simply means, guys, is we are going to
• 10:59
  Speaker 2: be seeing.
• 11:00
  Speaker 1: Crypto, all sorts of NFT apps. We'll see tokens, digital assets,
• 11:05
  Speaker 1: you name it. All of that will be one hundred
• 11:08
  Speaker 1: percent revenue generated for the actual developers without Apple's fee,
• 11:13
  Speaker 1: which is really what I believe has thwarted crypto projects
• 11:17
  Speaker 1: and apps to work inside the app ecosystem going forward, Now,
• 11:21
  Speaker 1: how does all of this start to affect crypto and NFTs?
• 11:25
  Speaker 1: Will it be a massive wave coming in? So where
• 11:29
  Speaker 1: does this all land in terms of how the market responded? Well,
• 11:33
  Speaker 1: Microsoft surpasses Apple to become the largest company by market cap.
• 11:38
  Speaker 1: Remember Microsoft one of the key gaming platforms out there.
• 11:42
  Speaker 2: With Xbox.
• 11:42
  Speaker 1: We will see mobile I think, start to really escalate.
• 11:46
  Speaker 1: And again Microsoft still has to walk a very fine
• 11:48
  Speaker 1: line as well, much like Google, around all of these
• 11:51
  Speaker 1: kinds of situations that are brewing within this monopoly within Apple,
• 11:56
  Speaker 1: because this will have an effect I think, on all
• 11:58
  Speaker 1: the major players because they know that the courts are watching.
• 12:01
  Speaker 1: So this is another big advantage. Now, the other thing
• 12:04
  Speaker 1: I want to get to is how analysts look at Apple.
• 12:08
  Speaker 2: And what its future might hold.
• 12:10
  Speaker 4: Take a look tomorrow, We've got two more major reports
• 12:13
  Speaker 4: coming right here on overtime Apple and Amazon.
• 12:16
  Speaker 5: He has a buyer rating on Apple with a two
• 12:18
  Speaker 5: hundred and thirty dollars price target.
• 12:20
  Speaker 4: Gil, what will you be watching?
• 12:21
  Speaker 6: Yeah, we're not expecting a good result or a good Outlook,
• 12:25
  Speaker 6: you just talked a lot about Meta and Microsoft. Those
• 12:27
  Speaker 6: results aren't just as not as bad as feared. Those
• 12:30
  Speaker 6: results were actually good. I would not expect that from Apple, all.
• 12:35
  Speaker 1: Right, So analysts seeing that there is no bolcase for Apple,
• 12:39
  Speaker 1: this is another strike and I think, what dare I say?
• 12:44
  Speaker 2: Deathblow to Apple if we look at this.
• 12:46
  Speaker 1: As a future Because remember, there's one core element that
• 12:50
  Speaker 1: Apple has relied on for many, many, many years, and
• 12:53
  Speaker 1: that has been the revenue coming out of the iOS
• 12:56
  Speaker 1: app store.
• 12:57
  Speaker 2: And when you look at the iOS app store.
• 12:58
  Speaker 1: It feeds into the entire ecosystem of Apple as a whole.
• 13:03
  Speaker 1: So they have got a lot of repair to do
• 13:05
  Speaker 1: and a new strategy that is eventually going to have
• 13:08
  Speaker 1: to be implemented to save where Apple's future could be
• 13:11
  Speaker 1: because this could get bad very quickly. Now you have
• 13:15
  Speaker 1: to think about AI as well, because all of this
• 13:17
  Speaker 1: is really flowing into the future of AI. Apple is
• 13:20
  Speaker 1: also behind the a ball on AI development. We've already
• 13:24
  Speaker 1: kind of shown and we did a video on this
• 13:25
  Speaker 1: whole breakdown. Go back and check that one out. But
• 13:28
  Speaker 1: they were being completely outclassed by almost every AI developer
• 13:32
  Speaker 1: out there. I want to go to a clip here
• 13:33
  Speaker 1: there's a Perplexity CEO and he's talking about how much
• 13:38
  Speaker 1: more advanced they are than the majors.
• 13:40
  Speaker 2: Take a look.
• 13:41
  Speaker 7: What they're doing on Android is like bad. Right now.
• 13:45
  Speaker 5: We have like an Android app and Android assistant that
• 13:47
  Speaker 5: can control the os natively, and they're not letting us
• 13:51
  Speaker 5: get it on OEMs, even.
• 13:54
  Speaker 7: If the OEMs want it.
• 13:55
  Speaker 5: But our assistant that can call other apps and do
• 13:59
  Speaker 5: work for you was clearly superior to Gemini, and nobody
• 14:03
  Speaker 5: wanted to go take the brave step of removing Gemini
• 14:06
  Speaker 5: as the default system and making Perplexity the default system,
• 14:09
  Speaker 5: because if they do that, they're unable to offer placestore, maps, YouTube.
• 14:15
  Speaker 7: Reloaded on these phones.
• 14:16
  Speaker 5: And if you cannot offer that, nobody can really install
• 14:19
  Speaker 5: other apps on the market.
• 14:20
  Speaker 4: Well, if you feel that way about Android, how do
• 14:22
  Speaker 4: you feel about Apple?
• 14:24
  Speaker 5: The hope is that both Android and iOS allowed the
• 14:28
  Speaker 5: user to pick the AI that they want for certain tasks.
• 14:33
  Speaker 2: That may occur.
• 14:34
  Speaker 1: And I think it's probably going to have to be
• 14:36
  Speaker 1: a case that does actually happen. It's very similar to
• 14:40
  Speaker 1: what happened in the early two thousands with Dell. I
• 14:44
  Speaker 1: don't know if you guys know this, but Dell and
• 14:46
  Speaker 1: Microsoft were married at the hip, and basically the reason
• 14:49
  Speaker 1: Microsoft went into an anti trust lawsuit was because they
• 14:51
  Speaker 1: had locked down all the major manufacturers to use Internet
• 14:55
  Speaker 1: Explore as the primary default. This pretty much killed Netscape
• 14:59
  Speaker 1: if you know anything about Lore, That's kind of the
• 15:01
  Speaker 1: scenario that we're facing now with AI. It's very possible
• 15:05
  Speaker 1: we could be in kind of the same situation around
• 15:07
  Speaker 1: all these hardware developers being able to select and you,
• 15:10
  Speaker 1: as a customer, select which AI you want to use.
• 15:13
  Speaker 1: Things are going to change fast, guys. It is going
• 15:16
  Speaker 1: to be And here's the wild card. Crypto is part
• 15:19
  Speaker 1: of this. It's a big part of this. Here's a
• 15:22
  Speaker 1: clip on which AI gets to perform the most and
• 15:25
  Speaker 1: what could gain, what they could gain from it.
• 15:27
  Speaker 2: Take a look.
• 15:29
  Speaker 4: We are expanding, expanding for whom.
• 15:45
  Speaker 1: All right, So I just got you know, we had
• 15:46
  Speaker 1: to play that clip. Point being is that it opens
• 15:49
  Speaker 1: up the game a lot for potentially AI agents. Obviously,
• 15:53
  Speaker 1: virtuals Protocol was the one that we're talking about.
• 15:55
  Speaker 2: Right there.
• 15:56
  Speaker 1: Here's a tweet from them and it simply says, no
• 15:58
  Speaker 1: time for a victory lap features dropping tonight they see it.
• 16:02
  Speaker 1: The wall is now been breached, John Snow we're coming
• 16:06
  Speaker 1: for you. Last up I want to hit on is
• 16:09
  Speaker 1: one more statement from the judge that all of this,
• 16:12
  Speaker 1: this is the court injunction, that it thought that this
• 16:15
  Speaker 1: court would tolerate such insubordination was a gross mixed calculation
• 16:21
  Speaker 1: by Apple, and as always, the cover up made it
• 16:25
  Speaker 1: worse this court. There is no second bite at the Apple. Apple,
• 16:31
  Speaker 1: There's no second bite at the Apple. You know, it's
• 16:34
  Speaker 1: not a funny situation because this has been conduct from
• 16:38
  Speaker 1: a major company that has control technology for the last
• 16:41
  Speaker 1: three decades almost I think times are changing, guys, and
• 16:45
  Speaker 1: maybe all of this could be well into the wheelhouse
• 16:49
  Speaker 1: of where crypto is going. So watch closely. We're going
• 16:52
  Speaker 1: to be covering a lot of this here on the show.
• 16:54
  Speaker 1: What projects are going to be able to be affected
• 16:56
  Speaker 1: by this, How gaming could be affected, as well as
• 16:59
  Speaker 1: a lot of other crypto n f T projects that
• 17:01
  Speaker 1: I think equally are going to have a positive outcome
• 17:04
  Speaker 1: from all of this. Make sure and get into the
• 17:06
  Speaker 1: Diamond Circle. It's a great place to get additional content
• 17:08
  Speaker 1: from us. Follow me out there on X at Paul Baron.
• 17:11
  Speaker 1: We'll catch you next time right here on tech Bath
• 17:14
  Speaker 1: than