4 ms·
$1.2B is probably MUCH less than the amount of money Apple made in this price fixing scheme, but it's hard to say without the exact numbers.
by skrowl 7y ago
$1.2B is probably MUCH less than the amount of money Apple made in this price fixing scheme, but it's hard to say without the exact numbers.
- Razengan 7y agoHow can you be sure that it’s much less?
- skrowl 7y agoPrice fixing at the scale Apple operates. Apple made $267B in revenue (not profit) last year. This fine is 0.44% of that amount. Assuming this price fixing had gone on for multiple years, it would be shocking if they didn't make much more than 1.2T on it.
- pwinnski 7y agoWhat percentage of Apple's revenue comes from France? French courts are concerned with price fixing in France, and I'm not sure that price fixing in France amounted to $1.2B additional profit. It's not that large of a market.
- colejohnson66 7y ago> but it's hard to say without the exact numbers. So you’re speculating with no evidence? Let’s avoid the pitchforks until we actually have the data.
- microtherion 7y agoIt's not clear to me that Apple made any money directly in the (alleged) price fixing scheme. All the items sold to consumers were ultimately manufactured by Apple, and I don't think it's disputed that Apple can set the prices it charges distributors (or the prices it charges consumers for items sold through the Apple Store itself). What Apple is NOT allowed to do is tell distributors how much to charge THEIR customers. But that does not directly affect their bottom line; if anything, it's more of a long term effect of price stability or a certain structure of distributor networks.