4 ms·
If Apple got a 13 billion dollar fine every single month, it would take 22 years for it to exhaust their networth.
by soperj 2y ago
If Apple got a 13 billion dollar fine every single month, it would take 22 years for it to exhaust their networth.
- brigadier132 2y agoThis is a pointless statistic. I assume you mean market capitalization by net worth and if they were fined that much every month their market cap would immediately drop by 90% because their costs in paying fines would take away 90% of their profit.
- soperj 2y agoMost statistics are pointless. This is just a representation of what 13 billion is.
- lotsofpulp 2y agoWhy parrot things that are pointless? Market cap is not "net worth", so what was the point of the comparison?
- kman82 2y agoExactly. What a doodoo statement
- Aeolun 2y agoSo you are saying they could pay a 13B dollar fine every month and still make ~1B dollar profit?
- happyopossum 2y agoApple makes 5-7B/ mo in net revenue (roughly close enough to profit for this purpose), so no.
- brigadier132 2y agoInstead of asking a question why don't you just make your point?
- Aeolun 2y agoI think the point is in the answer to the question? If the answer isn’t correct there is no point.
- brigadier132 2y agoI want them to make the point explicit so I can explain why they are a greedy leech. If they keep the point ambiguous by asking a rhetorical question they can move goalposts.
- bee_rider 2y agoIs that more than their monthly EU revenue? I guess they would just decide not to do business in the EU in that case.
- deleted 2y ago[deleted]
- kelnos 2y agoMarket cap is not the same as net worth. Apple has around $166B in cash or cash-like reserves, so they'd run out much faster than that.