quote: the settlement is probably less than $100M USD.
quote: There's only one logical reason Apple would fight so hard for a secret settlement. It's bad. REALLY bad. As in stock plunge bad. We'll never know the truth either way, but that's my position and I'm sticking to it. It's the only thing that makes sense.
quote: Whether that was gross enough to be actually illegal I don't know
quote: Apple offered a way for the publishers to get back some leverage.
quote: the company actually using monopoly power to strong arm people in the publishing business is Amazon
quote: Last quarter Apple earned $45.6 billion in revenue and brought in $10.2 billion in profit.
quote: The fine should be equal to 50% of annual revenue.
quote: The purpose of a fine is to deter future behavior.