The 30% commission policy is the most valuable legacy Steve Jobs left for Apple.

Buffett has never invested in technology companies, so why did he later invest heavily in Apple?

It is because Buffett gradually discovered that from a revenue perspective, Apple is increasingly moving away from the category of "technology" and moving closer to "services".

The so-called services refer to services for developers.

This service requires a 30% commission from the developer.

This tax-collecting business has low risks, high returns, and strong sustainability, which is much better than engaging in technology research and development. Then, all types of investment institutions around the world flocked to Apple, and the market value continued to rise, reaching its peak.

Apple is happy, but the developers of the Apple Store are miserable.

The 30% commission is just like skinning.

It just so happens that Apple's terminal device users are a large group that cannot be ignored. The total number of users of this group in the world is actually only about 30%, which is far less than that of Android.

However, Apple does not have low-end phones, and Apple users are basically high-end users. This results in the in-app purchasing power of the Apple store being much stronger than that of Android users.

For example, in the fiscal year of 2021, the annual revenue of the "Apple tax" exceeds 80 billion US dollars. During the same period, Google also launched a mandatory "Google tax" in overseas markets, which also has a commission rate of 30%, but the annual revenue is only 120

billion US dollars.

So a phenomenon occurred.

Developers all over the world are dissatisfied with Apple's 30% commission and are protesting. The European Union, Australia, South Korea and other places have even launched monopoly lawsuits against Apple.

Especially in South Korea, they were the most violent. They sent people directly to the Apple headquarters in South Korea and sealed the building, saying that they wanted to seal up the evidence. For such a serious act, no one would believe it if Samsung was not instigating it.

Under this wave of resistance, Apple is under great pressure.

However, it is impossible for Apple to take the initiative and significantly adjust Apple taxes. They would rather suffer a monopoly lawsuit than submit to weakness.

Monopoly lawsuits against such super giants will never be concluded within a few years.

In a few years, it will be enough for Apple to earn hundreds of billions of dollars.

Even if the lawsuit is lost and the monopoly lawsuit is established...how much should the fine be?

Billions of dollars are enough to top the sky.

Of course, as the global anti-Apple wave becomes increasingly fierce, once a monopoly lawsuit is established, Apple taxes will inevitably be significantly reduced.

But that was more than ten years later.

Zhou Buqi will strive to obtain the best conditions for cooperation in the next decade or so.

Apple's terminal equipment is a hurdle that cannot be bypassed.

In fact, it’s not just Apple, but also Google and Microsoft. As long as they have a firm foothold in the market, whether it is the Google Store or the Microsoft Store, they will also introduce a 30% commission policy.

Later, Microsoft also learned the Apple Store model and launched the Microsoft App Store on the PC. One of its policies was to charge a 30% commission from all game developers.

This makes game manufacturers miserable.

Fortunately, there are many ways to play on the PC side, and Microsoft's system is not as strict and closed as Apple's. PC gamers have all gone to Steam. (Steam's commission is also 30%)

Microsoft later looked at it and realized that this was not possible!

Can't compete!

Then, Microsoft quickly adjusted its policy, adjusting the 30% commission policy to 12%, euphemistically saying: "Give profits to game manufacturers so that they have the motivation to develop more interesting games."

Because of competition, Microsoft took the initiative to cut prices.

Zhou Buqi further explained this: "The stronger the competition, the lower the fees. If the smartphone market is in full bloom, with Apple, Google, Microsoft, Symbian, BlackBerry and other companies, then I believe in Apple's 30% commission policy

It will definitely change and will be reduced under the pressure of competition.

.If Ziweixing accepts your proposal and rejects Microsoft's system... Once the cooperation is successful and Microsoft is squeezed out of the market, it will be equivalent to Ziweixing assisting Apple to complete its monopoly layout in the mobile terminal market. 30% of Apple

There will be no chance of lowering taxes."

The meaning of this is very clear.

Taxes need to be lowered!

Cook is a bit weak and can't express his position.

Since Apple launched the Apple Store in 2008 and then implemented a 30% commission policy, it has been criticized by developers around the world.

There have been discussions within Apple many times, should we try to lower the price?

However, Jobs is very stubborn!

He disagrees!

He insisted that this policy would become Apple's core business of "software services and hardware sales" in the future.

With a pale face, Jobs stared at Zhou Buqi for a while and asked in a deep voice, "What do you want?"

Zhou Buqi said: "Since it is cooperation, I hope to see Apple's further sincerity. Giving up cooperation with Microsoft, whether it is Ziweixing or Asda, is equivalent to giving up the opportunity to obtain huge benefits from Microsoft. This part of the benefits,

Apple must make up for it."

Jobs nodded, "That makes sense."

Zhou Buqi didn't expect that this stubborn guy would relent, feeling like he had seen the light of day, "All three products, Netflix, Spotify and Goal, have closed their payment channels on Apple terminals. Unless Apple changes its policy, payment channels will be closed."

It will be closed permanently. This is a huge loss to both parties."

Jobs was a little surprised, "I know Netflix, but Spotify is also related to you?"

Zhou Buqi smiled and said, "Yes, just like Netflix, they are my key investment projects."

"Where's the goal? What is this?"

"A football community where paying users will become exclusive members of their team. There are currently approximately 1.07 million paying users, which can generate approximately US$10 million in membership fees every month."

“Excellent business layout.”

Jobs took a deep breath, and his eyes changed when he looked at Boss Zhou.

This guy is so awesome!

Netflix - Movies and TV

spotify - music

goal - sports

The entertainment industry is almost all covered, so games and reading should be next, right? I don’t know if he has a similar layout behind the scenes.

Zhou Buqi said with a smile: "The cooperation between Apple and Ziweixing can make each other better."

Jobs looked at Cook and asked, "Is it possible to lower the price?"

Cook said: "No! No!"

"Um?"

Zhou Buqi looked unhappy.

Cook explained: "If it is to be reduced, it must be for all developers and all applications. If it is only for Ziweixing or Netflix, the commission for Spotify products will be reduced, while for other platforms it will still be 30%.

commission, it’s too risky.”

Differential treatment is most likely to cause monopoly disputes.

Apple's affiliates can get low commissions, but those who don't have to bear a high tax of 30%... This is a typical monopoly behavior that takes advantage of a monopoly position, and it will be accurate once you check it.

Fortunately, Cook then added, "The 30% commission will not be reduced. However, we can sign a supplementary agreement, and Apple will use the commission collected in the form of intellectual property, technical support, advertising sponsorship, etc."

Return it to you."

Then, he looked at Jobs.

"Can."

Jobs accepted the plan.

A smile appeared on Zhou Buqi's face, "Good idea."

(End of chapter)


Chapter completed!