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by Qwertious
3754 days ago
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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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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.