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Price 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 h
by skrowl 7y ago
Price 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.