this post was submitted on 25 Jan 2024
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Apple says third-party app marketplace creators must have €1,000,000 'letter of credit' (9to5mac.com)
submitted 10 months ago by neme@lemm.ee to c/technology@lemmy.world
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[–] misk@sopuli.xyz 1 points 9 months ago

Apple revenue in 2023 was ~$380b and their cash reserves were ~$160b. They can take a couple of worst case scenario fines technically, especially given that they'd be challenged in courts for years. Just makes you realize how important that 30% cut is for them.