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Apple says third-party app marketplace creators must have €1,000,000 'letter of credit' (9to5mac.com)
submitted 2 years ago by to c/technology@lemmy.world
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[–] 17 points 2 years ago (2 children)

Delaying the inevitable. The fines that are coming are inevitable too but for Apple it's just a cost of running their business.

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  • [–] 3 points 2 years ago (1 child)

    The EU under the DMA can find 10% of global revenue the first time and then 20% thereafter.No corporations can maintain that.

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  • [–] 1 point 2 years ago

    Apple revenue in 2023 was ~$380b and their cash reserves were ~$160b. They can take a couple of worst case scenario fines technically, especially given that they'd be challenged in courts for years. Just makes you realize how important that 30% cut is for them.

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