Hmmm... 18,250M per year or 18.25B per year. For a trillion $ company, that's 0.18%. Wasn't that supposed to be more?
this post was submitted on 15 Jun 2024
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You’re comparing their revenue to their stock market valuation. Apple to oranges.
Ah, I thought 1T was their revenue. My bad.
Even in that case, 18.25B is 1.8% of 1T, not 0.18%.
In the article it says it is 5% of their global revenue each day. That is a lot of money, I have no doubt that they will fix it.
Namely, the fact that Apple charges a "Core Technology Fee" for developers who want to "steer" users to offers outside of its App Store. There's also an additional 3% that goes to Apple if a developer uses its payment processor.
Good on the EU for supporting consumer rights over corporate profits.
Paradoxically, due to these charges, EU profit from the consumer rights.
Man I love the EU
Sometimes. But sometimes (like next week for example) they are also trying to implement mass surveillance of all EU-Citizens' private communication.
Eu is basically a bipolar legal monkey, sometimes they so something good. Other times they do chat control