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So that's around 7 million phones per year. Assuming around £700/phone and 30% profit (very rough made up numbers), that should be £1.5B/year profit. If the j
by mhandley 5y ago
So that's around 7 million phones per year. Assuming around £700/phone and 30% profit (very rough made up numbers), that should be £1.5B/year profit. If the judgement is for £3B to £5B as the article states, I can see why they might decide to exit the UK market. But that only makes sense if they don't then lose the patent cases in other juristictions, and end up having to pay similar royalties anyway.
- gcthomas 5y agoI'm not sure that leaving the market will absolve Apple of paying the judgement, so staying in the UK market will help them recoup the cost. Leaving would be unlikely to improve their bottom line, so the judge was right - no evidence Apple will leave. This is just posturing, which won't go down well in front of a High Court judge.
- willis936 5y agoWhy would Apple pay the fine?
- tonyedgecombe 5y agoTo avoid their executives going to prison.
- willis936 5y agoTheir executives in the US? Going to trial in the UK, where the company would no longer do business? How does that work, exactly? Has the US ever extradited a white collar criminal?
- tonyedgecombe 5y agoThey have executives in the UK.
- willis936 5y agoWhy would they have executives in a country that they don't do business in?
- tonyedgecombe 5y agoThey do do business in the UK, as you well know.
- willis936 5y agoThey wouldn't if they were fined, as the headline and article clearly state.
- throwawaycities 5y agoExactly, they don’t seem to respect others’ legally enforceable IP, the engage in tax avoidance schemes…why would Apple pay a court ordered judgment for damages? Wait is that not what you meant?
- prepend 5y agoI think the intent would be to avoid paying the fine. Without assets, revenue, or profit the UK wouldn’t have anything to seize to pay the levy. The judgement holder could then attempt to go after Apple in other countries, but I think that would result in a court case about whether that’s possible or not.
- onion2k 5y agoThe £3-5bn fee is a one-off payment (I think..), so you can't really compare it to a single year's profit. It'd need to be amortized against the lifetime of all the iPhone products that are covered by the patent.