580
this post was submitted on 11 Sep 2024
580 points (99.2% liked)
Technology
59168 readers
3093 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Google: $2.7 billion
Apple: $14.34 billion
Google 2024 Revenue: $328.28B
Apple 2024 Revenue: $385.60B
I'm sure they'll behave in the future thanks to these Big fines...
Revenue doesn't equal profit. Apple's 2023 net profit was 96b, so a 14b fine is a substantial portion of their overall profits (~15%).
Of course, they're not hurting by any stretch of the imagination, 82b is still a STUPID amount of money, but we should be getting the facts and numbers correct
And in Apple’s case they’re just being forced to pay back taxes, not even any fines. They’re basically undoing an illegal tax break from Ireland, which has spent $10 million in legal fees to fight against receiving it. Technically the Irish government is the one that fucked up here. Apple will have to pay and move forward paying a normal tax rate.