Re:Apple gets smacked by $450M e-book price-fixing fine
by bladerunner82 on Monday March 07, 2016 @03:48PM
(#11241497)
Mere beer money...
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Re:Apple gets smacked by $450M e-book price-fixing fine
by sangnoir on Monday March 07, 2016 @04:44PM
(#11241971)
Why does that sound so much like a kid saying "That didn't hurt" while furiously rubbing the punched arm?
Apple cared enough to try and appeal the case to the highest possible level (SCOTUS). To paraphrase a commenter on Ars Technica: $500,000,000 is a lot of iPads/MacBooks sold. All down the drain due to anti-consumer shenanigans.
Re:Apple gets smacked by $450M e-book price-fixing fine
by Qwertious on Tuesday March 08, 2016 @02:55AM
(#11244026)
Apple would appeal a $1,000,000 court case until and unless they expected to lose more money by fighting it than by just paying the fine. And essentially, $500mil is more than enough money for keeping on some lawyers for half a decade.
Still, it's worth comparing to how much money they make. So, a half-billion fine once in the last few years, and they made $18billion this quarter:
http://moneymorning.com/2016/01/26/q1-apple-earnings-2016/
I honestly don't see Apple being seriously hurt by this.
Re:Apple gets smacked by $450M e-book price-fixing fine
by sangnoir on Tuesday March 08, 2016 @10:17AM
(#11245690)
Apple partisans act as if the money is coming from Apple's petty-cash drawer. My point is somewhat similar to your: in that they would do anything not to pay the half a million dollars.
Comparing to the numbers in their last FY (Oct '15), the settlement is 0.94% of their annual profit. I too wouldn't be "hurt" by a 1% fine of my net annual income, but I'd rather put it to better use.
Re:Apple gets smacked by $450M e-book price-fixing fine
by bpodgursky on Monday March 07, 2016 @03:52PM
(#11241533)
Relative to what they actually made off of ebooks? Unlikely although I don't have numbers offhand.
Re:Apple gets smacked by $450M e-book price-fixing fine
by bladerunner82 on Monday March 07, 2016 @03:54PM
(#11241560)
Relative to the company as a whole. Stuff like this is built in to the slush fund as "hazard" money. The shareholders could care less. Apple has more money than the African continent. I doubt anyone is overly worried.