this post was submitted on 25 Jan 2024
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Delaying the inevitable. The fines that are coming are inevitable too but for Apple it's just a cost of running their business.
The EU under the DMA can find 10% of global revenue the first time and then 20% thereafter.No corporations can maintain that.
Apple revenue in 2023 was ~$380b and their cash reserves were ~$160b. They can take a couple of worst case scenario fines technically, especially given that they'd be challenged in courts for years. Just makes you realize how important that 30% cut is for them.