$700 million that'll teach Google. Out of curiosity, what was Google's 2022 profit?
......279.8 billion This fine represents less than 0.25% of Google's profit. So I guess Google won't learn their lesson.
Edit: Fix link
this post was submitted on 19 Dec 2023
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Cost of doing business
Revenue =/= profit. Also, that's just one year.
I mean, show that to OP, not me.
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that's the equivalent of a couple sacks of groceries or a tank of gas for many of us.
Not to be a dick, but I think it's very slightly more than 0.25%.
I don't think we need much more resolution than 25/10000...
Peanuts
$280B can buy lots of peanuts.
Google earns about $60 billion/year. It will take Google a little over 4 days to make up the difference.
Google will expand billing options for in-app purchases and simplify direct app downloads from developers.
Sounds like a win actually. Nice.
That's the real headline right there. This is huge news, and hopefully opens the door (or re-opens?) to eventually opening up Apple's ecosystem.
I understand the merits of Apple's case with Epic and why Apple prevailed, but it still seems like a big part of their market dominance was not properly attributed to their mind share and sheer momentum, and not entirely due to their service and product quality.
Sorry if thats unclear,, typing on mobile and will try to expand that thought later.
How does this help open up Apple's ecosystem? Iirc the reason why google lost here is because of Android, specifically because they don't have a closed ecosystem. If anything it seems this emboldens Apple to keep doing what it's doing.
Sweet. A whole $2!
Plus some insanely low pro rata payment for play store purchases in the last 7 years. So probably $2.35.
I expect to only get a discount on some future purchase. Can't just be giving out money all willy nilly. Might make their wrist a bit red.