EU to charge Apple under Digital Markets Act, impose a fine of up to $50 million per day - GSMArena.com news
EU to charge Apple under Digital Markets Act, impose a fine of up to $50 million per day - GSMArena.com news
It all has to do with the "core technology fee" it charges developers who don't want to distribute their apps through the App Store.
Good on the EU for supporting consumer rights over corporate profits.
Namely, the fact that Apple charges a "Core Technology Fee" for developers who want to "steer" users to offers outside of its App Store. There's also an additional 3% that goes to Apple if a developer uses its payment processor.
Hmmm... 18,250M per year or 18.25B per year. For a trillion $ company, that's 0.18%. Wasn't that supposed to be more?
You’re comparing their revenue to their stock market valuation. Apple to oranges.
Ah, I thought 1T was their revenue. My bad.
In the article it says it is 5% of their global revenue each day. That is a lot of money, I have no doubt that they will fix it.