Comment on EU fines Apple $568m for deterring third-party payment methods on App Store
mechoman444@lemmy.world 4 days ago
O no half a billion dollars.
There’s no way one of the biggest and most profitable companies in human history won’t be able to financially recover from this horrific fine.
apple.com/…/apple-reports-fourth-quarter-results/
O wait they made 95 BILLION in just the last quarter of 2024?
Nevermind.
lud@lemm.ee 4 days ago
Well, half a billion is still a lot of money so it’s great that the union got it so they can spend it on something useful. Half a billion USD is the entire yearly revenue of some fairly large companies in Sweden.
And the fine is not intended to bankrupt Apple, it’s intended to punish them and as a show of force. If Apple still refuses to comply or even pay the fine, the fines would obviously escalate and the max fine on this offence is very very high.
Also remember that the EU generally only cares what they do inside the EU, they care about how it affects EU citizens. So it doesn’t make a whole lot of sense to issue brutally high fines based on yearly global revenue yet.