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General Asylum General audio topics that don't fit into specific categories. |
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In Reply to: RE: That was the popular rumor but not the fact..... posted by AbeCollins on May 3, 2017 at 16:24:19:
Pono would still be operating today if Apple hadn't bought Omniphone and stipulated that Omniphone was required to immediately terminate all current contracts as a condition of the sale. Goddamn, how obvious can you be?
Serious trouble from reports, but I didn't read anything about Omniphone filing Chapter 11 bankruptcy. Even if they were in chapter 11 they still could operate and reorganize. No they didn't have to shut down.
If Apple wanted to play corporate raider, then they wouldn't have made them cancel current contracts. If they had wanted the Omniphone capacity they would just build it themselves on one of their compounds. We both know there is nothing Omniphone had that Apple really wants. When the treasure stacks up too high Apple buys companies like Disney and ESPN.
Talking about bad business decisions, one of the articles I read said the bad decision by Pono was not to create their own server/hoster. It said that all the streaming companies like Spotify and Tidal maintain their own servers. If Pono had bought Omniphone they would still be in business. I think it would be interesting to know if Omniphone ever approached Pono about a share in their company for some operating funds, or offered them the company? Or did Apple really blindside their asses? Mr. Young just didn't cover his ass well enough. Welcome to the business world. He should know the deal. I bet Music Direct and HDTracks has their own servers, but I don't know.
Download revenue down? Yeah only $350 million last year. That's just not enough for everybody. I could see how Tim Cook would say cutting some throats is in order.
There is no reason why Pono should not to be operating right now except dirty business. God knows no anti-trust law has been enforced in this country in more than 50 years.
Apple killed Pono, and they suck for it, and I won't even go into the rant about how the real Apple died with Steve Jobs, and now you Abe Collins are going to have to watch the slow slide to mediocrity the bean counters will turn Apple into. The only bright spot is that it is headed now by an archetypal corporate climbing sociopath, would could do lots of evil things. To boot it is owned by a rich widow with a progressive bent. Ought to be fun.
I will also mourn what Apple once was, just not as much as you.
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Follow Ups
- RE: That was the popular rumor but not the fact..... - Mr_Steady 18:51:00 05/03/17 (3)
- RE: That was the popular rumor but not the fact..... - AbeCollins 20:32:38 05/03/17 (2)
- Bill Gates buys out Homer Simpson - Mr_Steady 18:18:03 05/04/17 (1)
- RE: Bill Gates buys out Homer Simpson - AbeCollins 08:17:05 05/05/17 (0)
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