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Google to pay $700 million in case over whether its app store is an illegal monopoly (www.npr.org)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 11 months ago (2 children)

So what is that? What they earn in a day running the app store?

[–] [email protected] 1 points 11 months ago (1 children)

Did some searching.

In 2021, the Apple App Store reportedly reached around 85 billion U.S. dollars in revenues from global consumers worldwide.

[–] [email protected] 3 points 11 months ago (1 children)

Wrong app store

[–] [email protected] 2 points 11 months ago (1 children)

My bad, Google are only at 47 billion.

[–] [email protected] 1 points 11 months ago

So averaged out, this settlement would be about 5-6 days of revenue.

[–] [email protected] 1 points 11 months ago* (last edited 11 months ago)

They made about $42 billion last year. Supposedly they keep about 30% of that (assuming that's the full figure and not already their cut), so it's about 20 days worth of Google's cut.

Cost of doing business.