I really like how he moves the argument from "Does Apple have the right to do this?" to "Should Apple do this?" I'm really surprised: this is what I've always been taught to call bad revenue. I could understand a bit better if they were a struggling startup looking for any possible profitable business model, but they are printing money already. I'm left shaking my head here. Even the folks who often rush to Apple's defense seem to agree this is a mistake. For me, this is the first time that I've looked around Apple's walled garden and wanted out.
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I'm really surprised: this is what I've always been taught to call bad revenue.
Interesting. Do you mean it is more like a move to squeeze the last available dollar out of an existing business rather than a move to grow a business?
I am interpreting it more as revenue that actually ends up indirectly costing you more to obtain than it's worth in the long run, so that you come out net behind. For instance, this App Store policy will bring in revenue but if enough developers and customers leave the ecosystem because of it Apple will end up a net loser.