EU to charge Apple under Digital Markets Act, impose a fine of up to $50 million per day - GSMArena.com news

onlinepersona , 18 days ago

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?

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B0rax , 18 days ago

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.

TexMexBazooka , 18 days ago

You’re comparing their revenue to their stock market valuation. Apple to oranges.

onlinepersona , 18 days ago

Ah, I thought 1T was their revenue. My bad.

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Tja , 18 days ago

Even in that case, 18.25B is 1.8% of 1T, not 0.18%.

onlinepersona , 18 days ago

Correct. Brain added one 0 to the trillion 😅

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Eggyhead , 18 days ago

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.

Zedstrian , 18 days ago

Good on the EU for supporting consumer rights over corporate profits.

Beaver , 18 days ago

Man I love the EU

Knuschberkeks , 18 days ago

Sometimes. But sometimes (like next week for example) they are also trying to implement mass surveillance of all EU-Citizens' private communication.

sleepybisexual , 18 days ago

Eu is basically a bipolar legal monkey, sometimes they so something good. Other times they do chat control

speaker_hat , 18 days ago

Paradoxically, due to these charges, EU profit from the consumer rights.