• crystenn@lemmy.ml
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    9 days ago

    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

    • Sprokes@jlai.lu
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      9 days ago

      Revenue doesn’t equal profit but many companies are using multiple schemes to show that they are not profitable. So we also need to check the revenue. A company can just increase the CEO salary to eat up all the profit.