Apple loses UK App Store monopoly case, penalty might near $2B
1–10 of 411 posts
Re: Apple loses UK App Store monopoly case, penalty might near $2B
#2[flagged]
Re: Apple loses UK App Store monopoly case, penalty might near $2B
#3In English law, is there a clearly defined, well understood, written standard of “fair”?
Re: Apple loses UK App Store monopoly case, penalty might near $2B
#4[flagged]
apparently people will make this same comment every single time whether it's a $2M fine or a $2B fine
Re: Apple loses UK App Store monopoly case, penalty might near $2B
#5interesting I suspect the UK uses the same Regan Era definition of monopolistic practice as the US, meaning monopoly is fine so long as prices seen by consumers are low (or rather not provably raised)
Re: Apple loses UK App Store monopoly case, penalty might near $2B
#6In English law, is there a clearly defined, well understood, written standard of “fair”?
I don't know, but when every single business on the planet has to pay you 30% for access to mobile device users, it definitely isn't.
Re: Apple loses UK App Store monopoly case, penalty might near $2B
#7The financial penalty is peanuts for AAPL.
More interesting would be if they'd be forced to allow other app stores.
Re: Apple loses UK App Store monopoly case, penalty might near $2B
#8[flagged]
Looks like their net profit globally is like $90-100B per year. If you think of the share of profit that's coming just from the UK, this is probably very sizeable as a penalty.
Re: Apple loses UK App Store monopoly case, penalty might near $2B
#9The financial penalty is peanuts for AAPL. More interesting would be if they'd be forced to allow other app stores.
I think both third party app stores (without aggressive scare screens) and third party payments will be globally available on both platforms in the next few years. But it will take some time for enough piecemeal jurisdictions to require it for it to become burdensome for the companies to have different options in different regulatory regimes, and to make it no longer worth blocking in jurisdictions which haven't ruled against them yet.
Re: Apple loses UK App Store monopoly case, penalty might near $2B
#10"The CAT said in its ruling that developers were overcharged by the difference between a 17.5% commission for app purchases and the commission Apple charged, which Kent's lawyers said was usually 30%."
Where does the 17.5% come from? I can't find it here or in the link Reuters article. Is that just the number that the tribunal decided was fair? If so I'd love to read the analysis of how they got there.