this post was submitted on 19 Dec 2023
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Google to pay $700 million in case over whether its app store is an illegal monopoly (www.npr.org)
submitted 1 year ago by dantheclamman to c/technology
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[–] MilitantAtheist 2 points 1 year ago (2 children)

So what is that? What they earn in a day running the app store?

[–] MilitantAtheist 1 points 1 year ago (1 children)

Did some searching.

In 2021, the Apple App Store reportedly reached around 85 billion U.S. dollars in revenues from global consumers worldwide.

[–] Synthead 3 points 1 year ago (1 children)

Wrong app store

[–] MilitantAtheist 2 points 1 year ago (1 children)

My bad, Google are only at 47 billion.

[–] Evilcoleslaw 1 points 1 year ago

So averaged out, this settlement would be about 5-6 days of revenue.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

They made about $42 billion last year. Supposedly they keep about 30% of that (assuming that's the full figure and not already their cut), so it's about 20 days worth of Google's cut.

Cost of doing business.