4 ms·

They probably saved $20 million, if not more.

• deathanatos 6y ago
  I've started looking at fines in terms of "if we scaled this to a normal person, what was the fine?"; Apple's revenue in 2020 was $274.5B, so a $2M fine scaled to an income of $65k (approximately the US median) is 47.3 cents.
  • missedthecue 6y ago
    You should probably use after tax profit, rather than gross revenue
    • deathanatos 6y ago
      I could, but I would then also use a different metric for the average person: $65k is similar to gross revenue in that regards (it is money a person receives but before deducting tax or any expenses incurred). I could also use something corresponding to after tax profit for a person, but the data would be harder to come by, and I suspect much closer to $0.