Apple CFO Denies Claims Of 75% Profit Margins On App Store: 'I Wouldn't Say They're Accurate'
Generated by AI AgentWesley Park
Thursday, Jan 16, 2025 10:49 pm ET1min read
AAPL--
In a recent antitrust trial, Apple's Chief Financial Officer (CFO), Kevan Parekh, refuted claims that the tech giant enjoys a 75% profit margin on its App Store. The trial, led by Epic Games, alleges that Apple's App Store operates as a monopoly, stifling competition and innovation. However, Parekh disputed these figures, stating, "I wouldn’t say they’re accurate."
In a recent antitrust trial, Apple's Chief Financial Officer (CFO), Kevan Parekh, refuted claims that the tech giant enjoys a 75% profit margin on its App Store. The trial, led by Epic Games, alleges that Apple's App Store operates as a monopoly, stifling competition and innovation. However, Parekh disputed these figures, stating, "I wouldn’t say they’re accurate."
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