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That’s quarterly revenue. But if anyone thinks the Board of a company is figuring $1.2B is just the cost of doing business / worth the risk of making the payme
by zaroth 9y ago
That’s quarterly revenue.
But if anyone thinks the Board of a company is figuring $1.2B is just the cost of doing business / worth the risk of making the payments to Apple I think they are talking out their ass.
Even a trillion dollar company is going to care deeply about a $1.2B fine. Companies care about fractions of a percent of operating margin. What do you think a $1.2 billion dollar expense line item, which also probably isn’t deductible, does to their margin? This is a highly material fine.
- post_break 9y agoMaybe they are playing the long game? If everyone uses qualcomm chips then the competition will be little to none. Sure 1.2B is a big number, but after that gets paid you're still on top. They basically gambled for 5 years and won, then the house took a little back.