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Unless the fine is the better part of a trillion dollars, it won’t make any difference. Apple has close to 1/2 trillion in revenue a year. A few billion is rou
by brudgers 2y ago
Unless the fine is the better part of a trillion dollars, it won’t make any difference.
Apple has close to 1/2 trillion in revenue a year. A few billion is rounding error.
- bobmcnamara 2y agoOr toss Tim Apple in the huscow for contempt.
- ncallaway 2y agoI don’t think that’s likely with the referral to the US attorney. I think Cook will probably find that there is a dollar value that will get Trump to instruct a us attorney to drop charges
- willhslade 2y agoHoosegow?
- deleted 2y ago[deleted]
- bobmcnamara 2y agoIt's Ozark-Germanic for Hoosegow, though I may have heard it as far west as Amarugia.
- deleted 2y ago[deleted]
- sureIy 2y agoSome country recently fined Apple every day until they resolved the issue. I think such solution would both help push Apple to actually resolve the issue and do so in a timely manner. As much money as they have, no shareholder wants to see a $1m/day expense on the balance sheet.
- zamadatix 2y ago$1m/day since they launched the iPhone App Store in 2008 is roughly 2 months worth of 30% App Store commision revenue. I.e. they'd be making more money by keeping such a small fine on the balance sheet than complying. The same thing at $1b/day or rapidly increasing with time might be effective though, but I'm not sure what's really assignable by the given court or not.
- cwillu 2y agothat's still not even a billion a year though, on a revenue of hundreds of billions.
- DecentShoes 2y agoIf they refuse to comply, why don't we just... arrest them? Like, you know, we do for someone who was poor and starving and stole 10$ of food?
- brudgers 2y agoYou can’t arrest a fictitious person.
- cowfarts 2y ago[dead]
- dbetteridge 2y agoWhy not? If a company is a person, it can go in jail. Freeze their ability to do anything above basic life support without the permission of the judge or court.
- Wobbles42 2y agoFreeze their ability to do anything period. Physically lock the incorporation documents in a prison cell. They won't need to do "basic life support", the documents will be provided with trays of food, water, and adequate opportunities for exercise by the prison facility. If they need more than that, they can petition their former customers to send money to their prison commissary account for the purchase of snacks, toiletries and such.
- HDThoreaun 2y agoApple makes tens of billions of dollars a year off App Store royalties. If this ruling is upheld this fine has a net present value of 100 billion - trillion dollars depending on your discount rate. They will lose billions of dollars a year forever.
- llm_nerd 2y agoThe court is pushing for criminal censure of some of the involved participants. If that happens -- and it absolutely should -- it will have a tremendous impact on the hubris seen in Apple, and in the industry in general. Hopefully bribes don't get them out of this, and some Apple execs really do end up with prison sentences.