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In Reply to: RE: That was the popular rumor but not the fact..... posted by AbeCollins on May 03, 2017 at 16:24:19
Why would Apple bother to purchase a company that was losing money and on it's way down? And after buying said company, why would Apple terminate deals with paying customers? There is only one answer: eliminate competition.
Apple paid a very cheap price to eliminate a formerly major competitor in Omnifone that had fallen down on its luck after a couple of big name desertions. It's hard to say whether eliminating Pono played a factor in their decision. Pono was very small time, but had a high media profile.
You can criticize Pono for hitching their wagon to a horse with no legs, but that doesn't change the fact that Apple are the ones who actually cut them off, the ones who did the deed.
Follow Ups:
May 2016, a full year ago: "B2B digital-music firm Omnifone has been placed into administration, resulting in the layoff of up to 70 staff as it seeks a buyer for the company's technology assets."
"...Omnifone's revenue base appears to have deteriorated over the last year to the point where administration was the only viable option for the company."
Why would Apple bother to purchase a company that was losing money and on it's way down?
Omnifone was already in administration (bankruptcy) and were laying off staff. They were actively seeking a buyer for their technology assets.
And after buying said company, why would Apple terminate deals with paying customers? There is only one answer: eliminate competition.
Your assertion that Apple's goal was to eliminate competition is absurd. As stated above they bought Omnifone for their technology. The company was already in trouble and seeking a buyer. Apple actually ended up hiring a number of Omnifone employees after the acquisition. They were under no obligation to keep Omnifone customers.... they wanted the technology.
Yes, Apple is a huge company. And yes, people love to hate success.
Omnifone had no unique technology or services. They had a handful of worthless UK patents that nobody was licensing, an e-store platform for selling music downloads which Apple and others already had, a streaming platform which Apple and others already had, and finally, they had (apparently uncompetitive) deals with music labsls that Apple and others already had. That's why they were losing customers and going bankrupt.
I seriously doubt that Apple had any real need for those Omnifone employees that they hired. Apple is in a position where they can hire people just to keep them off the market.
Again, what's the motivation for buying a failing company with no unique technology and no money-making customers?
Again, what's the motivation for buying a failing company with no unique technology and no money-making customers?
I already addressed and debunked much of what you said but believe what you want. As for technology and services, Omnifone had cloud based infrastructure including unique software that was of interest to Apple.
So you're saying that Stereophile pimped a product (Pono) that was locked in to a company that was failing with no unique technology and no money-making customers?
Cheers,
SB
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