Apple gets smacked by $450M e-book price-fixing fine

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.

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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.

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