▲ | tjpnz 13 hours ago | |||||||||||||||||||
EU is #2 (behind the US) in terms of net sales accounting for 26% in 2024. There is no "or else". | ||||||||||||||||||||
▲ | 0xDEAFBEAD 13 hours ago | parent | next [-] | |||||||||||||||||||
I would think profits are more important than sales. >...there’s evidence to believe the regulation is designed to extract from companies, rather than protect consumers: as we’ll see, the bloc often imposes massive, clearly premeditated fines immediately after compliance deadlines... >... >The fines permitted under both regulations are unprecedented; the DSA permits fines of up to 6% of a company’s global annual revenue, while the DMA permits fines of up to 10% of a company’s global annual revenue, and an egregious 20% for repeat offenses. https://www.piratewires.com/p/eu-weaponizes-regulation-us-te... The EU can write itself a check for up to 26% of Apple's annual revenue (6% + 20%). Coincidentally, that's the same as your 26% number for Apple net sales from the EU. But if Apple gets fined 26%, that represents a huge loss of capital since they still have to pay for COGS, pay taxes, pay employee salaries, and so forth. | ||||||||||||||||||||
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▲ | theodric 13 hours ago | parent | prev [-] | |||||||||||||||||||
I would consider it incredibly unlikely to happen, but based on how much money they're banking, I'd say Apple could probably afford to live without the EU. | ||||||||||||||||||||
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