Apple CFO denies company enjoys 75% margin on its App Store

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Financial Times 1d ago

Apple CFO denies company enjoys 75% margin on its App Store - Financial Times

Quick Summary:

In his witness statement, Parekh said Apple “cannot allocate all indirect costs to specific products or services”.

Armitage said: “That rather suggests these figures are accurate, aren’t they Mr Parekh? ” Parekh replied: “I wouldn’t say they’re accurate.

They also argued the claimants had defined the market too narrowly and that Apple “faces intense competition in the markets in which it designs, manufactures, and sells iOS devices”.