Apple De-Certifies Monster Cables After Lawsuit Against Beats
An anonymous reader writes: Since 2005, Monster cables have been licensed under Apple's "Made For iDevice" program, which lets cable manufacturers put a logo on their product signifying they work with Apple products. Now, Apple has revoked that certification. In January of this year, Monster sued Beats, accusing its founders of fraud. Beats was acquired by Apple in 2014, and Monster is accusing Apple of bullying them by terminating the licensing deal. Monster's general counsel said the move would "significantly disrupt Monster's business and that the two companies had worked well for years, with Monster paying Apple more than $12 million in licensing fees since 2008."
Back in the day of analog cables, there was some margin of truth in Monster's claims of cable quality and gold plating. Now that everything is digital though? A rusty coat hanger can carry a digital signal as well as their best cable, so yeah fark 'em.
Typical Anti Ayn Rand rant.
The problem isn't Ayn Rand's viewpoint, it is that reality is skewed by Corporations creating laws to benefit themselves. Thus proving that Government should not be involved in economics, since the moment it is, it is corrupted by its own involvement.
In this case, government protection racket (dressed up as IP law) has created a case where nobody knows anything. I would suggest that Any Rand would say that the three (two now) companies should sue themselves into mutually assured destruction over IP rights that are tenuous at best, letting better, more agile companies to come in and save the customers.
As far as I can see, Apple, Beats and Monster are three of a kind over priced status symbols. let them market themselves that way. And all the Sheeple will come and pay way too much for crappy products. The smart people will pay less for better products.
Agent K: A *person* is smart. People are dumb, stupid, panicky animals, and you know it.