venomxxr
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Apple Music violates EU antitrust laws, $39 billion fine possible
1) The inevitable fine won’t be $39B or anywhere close to that, it’s just a theoretical maximum. In actuality the number will probably be under $5B.
2) The notion that Apple would leave the EU even if they were hit with a $39B fine is laughable. Check the 10-K. Apple’s revenue was over $95B in Europe in 2022 alone. The EU probably represents >80% of that. Apple isn’t giving up the $500B in revenue and $100B+ in net income they’d make there the rest of this decade alone just to “stick it” to politicians. Get real.
