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App Store to Be 'Split in Two' Ahead of EU iPhone Sideloading Deadline (www.macrumors.com)

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

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[–] [email protected] 0 points 11 months ago (1 children)

the maximum EU fine for that is high enough to bankrupt Apple. They won't do it.

I don't think Apple will remove side loaded apps at a massive scale, but let's be real. Apple is worth more than a trillion. If the EU fines them enough to bankrupt, they will just leave the EU and not pay the fine. US would go to war with the EU before they allow such amount of money to be transferred to the EU.

[–] [email protected] 0 points 11 months ago

Meta has already got fined for more than a billion at one point for breaking the GDPR, which has smaller fines than the DMA. The US did not really do anything. The US will not go to war with its biggest ally over Apple, hell, it doesn't stop militarily supporting key regional allies over genocide.

Also, fines are not based on market capitalization, but on global revenue. How this would bankrupt Apple is not that the EU would bite off a trillion, but that they would grab a few bil from the revenue, and that would put Apple in the red, triggering selloffs and Apple's valuation evaporating.