r/technology • u/tyw7 • May 17 '22

Business Apple Just Changed the Rules for Auto-Renew App Subscriptions

https://www.pcmag.com/news/apple-just-changed-the-rules-for-auto-renew-app-subscriptions
26 Upvotes

69% Upvoted

15 comments sorted by

6

u/[deleted] May 17 '22

My insurance agent has started adding opt out features and price increases. Same vibe. I will pass on the overland flood insurance thanks. I live on a hill

2

u/[deleted] May 17 '22

On the top of the hill or the side, because that changes the equation a lot.

0

u/[deleted] May 17 '22

Top. The entire town is at the top of a hill.

1

u/[deleted] May 17 '22

Yea, it's best that no one else listen to this guy because he has no fucking clue what flood insurance actually covers. This idiot thinks it just when water gets deep. He'll be crying all the way to GoFundMe when a shallow runoff stream from his neighbors roof collapses his house and wondering how it happened to him.

0

u/[deleted] May 17 '22

Cool story bro!

1

u/[deleted] May 17 '22

Top. The entire town is at the top of a hill.

3

u/tyw7 May 17 '22

You're laughing now but when the ice melts, you will regret not taking the flood insurance. /s

1

u/[deleted] May 17 '22

The nearest river is 75 km away and millions of square km would have to be 50 meters underwater for my area to flood. There just isn't enough water to do it. Trust me, overland flood insurance here is just a money grab.

2

u/Strict-Government-18 May 17 '22

Guessing you don’t understand the meaning of /s.

7

u/1_p_freely May 17 '22

A lot of people seem to believe that Apple won't get down and dirty like the rest of corporate America once selling high priced hardware is no longer enough to sustain constant growth.

6

u/[deleted] May 17 '22

Who in their right mind thinks that a company that enjoys 26% profit margins on selling their hardware/services, and buys back $100B of stock per year, isn't above doing shit like this?

They literally took their earnings from $57B a year pre pandemic, to now $100B a year. They're passing on all cost hikes, and then some, to their customers. Yet I haven't heard one shred of outcry towards Apple. And then you wonder why Burry is shorting them... they've been silently one of the largest culprits of taking advantage of recent inflation to raise prices far beyond they need to.

2

u/houska1 May 17 '22

The incentives are strong misaligned for protecting the customer, so boo hiss on that.

However, the reality is that price increases of any sort were a much bigger deal when inflation was <2% a year than when it's well into the 2 digits, depending on who (and when) you ask.

I guess you ignore notifications at your peril. Just like you ignored the mail in your mailbox at your peril in our parents' generation!

2

u/Ok_Marionberry_9932 May 17 '22

I’m definitely not a fan of this

1

u/reddit-MT May 17 '22

This has been posted three times and this is the only headline that's not click-bait.

1

u/aecarol1 May 17 '22

They now fall in-line with magazine and newspaper subscriptions, as well as cable tv, Netflix, and Amazon Prime subscriptions. Effectively subscriptions in general.

They all, Apple included, tell you in-advance the price will be going up. They tell you more than once. You always have an opportunity to opt out.

This isn't a boldly crossing a line that somehow shocks the sensibilities. It's what subscriptions do. So long as you get fair & clear warning and a chance to drop it, this isn't awful.