> Across the whole of 2022, it was $23B net profit on $117B revenue. I'm not sure why who you were responding to assumed that if revenue dropped by 12%, profit

> Across the whole of 2022, it was $23B net profit on $117B revenue. I'm not sure why who you were responding to assumed that if revenue dropped by 12%, profit would go to 0... Wouldn't it be: $117b revenue = $23b profit = 19.6% profit margin If revenue went down 12%, margins would probably stay the same?