this post was submitted on 15 May 2025
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[–] Zak@lemmy.world 9 points 3 weeks ago (4 children)

The EU just fined Apple half a billion Euros and has imposed larger fines in the past.

[–] sunzu2@thebrainbin.org 1 points 3 weeks ago (3 children)

Apple (NASDAQ:AAPL) Full Year 2024 Results Key Financial Results

Revenue: US$391.0b (up 2.0% from FY 2023).

Net income: US$93.7b (down 3.4% from FY 2023).

Profit margin: 24% (down from 25% in FY 2023). The decrease in margin was driven by higher expenses.
[–] Zak@lemmy.world 4 points 3 weeks ago (2 children)

Your point seems to be that the fine is about two days profit.

If you did something illegal and got fined two days pay for it, that would probably get your attention. You might think twice before doing the thing again. If not, the EU can fine them a larger amount next time.

[–] Thorry84@feddit.nl 2 points 3 weeks ago

The EU can do a lot more than fine them. With the whole USB-C port issue the EU threatened to straight up ban all Apple products from being sold in the EU. That's a hit Apple won't be willing to pay.

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