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For example, Apple could buy News Corporation (the parent company of HarperCollins, one of the litigants) with a single quarter’s profits. Not revenue, profit.

by jl6 4y ago

For example, Apple could buy News Corporation (the parent company of HarperCollins, one of the litigants) with a single quarter’s profits. Not revenue, profit. News Corporation enterprise value: $11bn Apple quarterly profit: $25bn

twblalock 4y ago
Yes but why should Apple do that? How would Apple benefit from doing that?
- jl6 4y ago
  They could use all the books as a loss leader for the Apple ecosystem, similar to how Google Maps spends billions on data that is made available for “free”.