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How is the most wealthy company in the world in trouble? Epic made 5 billion last year most from a game that can easily be replaced and will eventually (they al
by dubcanada 5y ago
How is the most wealthy company in the world in trouble? Epic made 5 billion last year most from a game that can easily be replaced and will eventually (they all eventually get replaced), Apple has 200 billion in cash just sitting there and makes 60 billion a year on average. They are not even close.
- Jensson 5y agoThis lawsuit will cost Apple way more than Epic. It might not hurt Apple that much as a percentage, but in absolute terms it will hurt them plenty. There is a reason they fight this so fervently.
- xwdv 5y agoNo, people wish it will hurt Apple way more, but it won’t. It won’t even make a dent in their universe.
- deleted 5y ago[deleted]
- Razengan 5y agoNot people. Not users. Just the greedy companies and developers who wish that they could prey upon a billion users and fleece them with impunity without Apple getting in the way. And they will do their darnedest to conceal their true motives. “BUT WE CARE!” they will howl, while salivating with fork and knife in grubby hands.
- MikeDelta 5y agoIndeed, the future of their business model is at stake. If Epic succeeds and many more try to circumvent paying 30% to Apple, then they will feel it.
- danaris 5y agoApple's business model does not depend on the App Store's 30% cut. Not by a long shot.
- stevehawk 5y agoApple's 30% cut is a cash printing press for them. Sure they have other business models like completely disposable, non-repairable, non-recyclable electronics, but the iTunes and App stores are significant profit centers.
- _jal 5y agoThe "Services" category is 21% of their revenue. The "Completely disposable, non-repairable, non-recyclable electronics" category is the rest. https://www.statista.com/statistics/382260/segments-share-revenue-of-apple/ https://www.statista.com/statistics/382260/segments-share-re...
- foobarian 5y agoRevenue != profit
- _jal 5y agoSure. And we don't know everything. Iphones (about 50% of Apple's revenue) have a profit margin estimated around 40%. https://www.zdnet.com/article/iphone-xs-max-how-much-profit-does-apple-really-make-on-each-one-sold/ https://www.zdnet.com/article/iphone-xs-max-how-much-profit-... But hey, maybe the cable business sells things at a loss. We don't know.
- ryanlol 5y agoWhy? Apple hasn’t lost their 30%, and there’s no indication that they will.
- dnautics 5y agoIIRC, they have, in south korea. (that would be a refutation of both points)
- mbreese 5y agoWe won't know how the new law in South Korea will play out in practice yet and we won't for a few months (it's too recent). It will probably be at least a year before we know how it *really* will affect the commissions a company like Apple makes from the App Store.
- kllrnohj 5y agoApple lost their exclusivity on in-app-payments: > Rogers issued an injunction that said Apple will no longer be allowed to prohibit developers from providing links or other communications that direct users away from Apple in-app purchasing. https://www.cnbc.com/2021/09/10/epic-games-v-apple-judge-reaches-decision-.html https://www.cnbc.com/2021/09/10/epic-games-v-apple-judge-rea... So Apple didn't "lose" their 30% exactly, but everyone is now free to do what Fortnite originally did and that's link to their own site for users to buy in-app currency instead. It's likely all but certain that every game with IAP will be deploying this over the next few months.