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$100B was Apple's net income, not gross. Revenue was ~$400B, so we're talking about 5%, not 20.
by happyopossum 2y ago
$100B was Apple's net income, not gross. Revenue was ~$400B, so we're talking about 5%, not 20.
- notaustinpowers 2y agoStill, 20% of their net income is guaranteed free money. I doubt there are minimal (if any) expenses on Apple's side to maintain the status quo of Google being the default search engine.