Re:Apple found in breach of EU competition rules
by detourdog on Tuesday June 25, 2024 @05:49AM
(#40786441)
Where did you get the 43% number is that specific enough?
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Re:Apple found in breach of EU competition rules
by ImPostingOnHN on Tuesday June 25, 2024 @09:54AM
(#40788669)
If Apple's fees cost 30% of the price, then the actual developers who make the software must raise prices to make up for Apple's fees. How much, though?
One might intuitively guess 30%, bringing $1 to $1.30. But Apple will take a cut of this price increase as well: $1.30 * 70% = $0.91, so still losing money to Apple's fees.
The actual amount they must raise the prices is (1 - (1 / 0.7)) = 0.428, or roughly 43%.
Doing this math backwards to factor out Apple's fees yields a confirmation: $1.43 * 70% ≈ $1