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The Almighty Buck Businesses Apple

Apple's App Store Had 78% Margin in 2019, Epic Expert Says (bloomberg.com) 127

Apple's App Store had operating margins of almost 78% in fiscal year 2019, according to testimony from an Epic Games expert witness based on documents obtained from the iPhone maker. From a report: The figure comes from Ned Barnes, a financial and economics researcher, who said he obtained documents "prepared by Apple's Corporate Financial Planning and Analysis group and produced from the files of Apple CEO Tim Cook." Apple is disputing the accuracy of Barnes's calculations -- and urging a judge to restrict public discussion of App Store profit -- as the companies head into a high-stakes trial Monday in Oakland, California. Epic, maker of the blockbuster game Fortnite, is trying to show that the App Store is run like a monopoly with its commission on developers of as much as 30%, while Apple insists it doesn't abuse its market power. Epic is also suing Apple in the U.K. and Australia while Apple faces scrutiny from antitrust regulators in the U.S. and abroad.

The companies are relying heavily on dueling economists as they make their case to U.S. District Judge Yvonne Gonzalez Rogers, who is conducting the three-week trial without a jury. As part of the pretrial information-sharing process, Barnes said that an Apple employee told him that the numbers from the company's internal documents don't show the full picture. Barnes said he then made additional calculations, which resulted in higher margin estimates of 79.6% for both 2018 and 2019. In a statement Saturday, the Cupertino, California-based technology giant said Epic experts' "calculations of the operating margins for the App Store are simply wrong and we look forward to refuting them in court." Barnes said he also obtained documents prepared inside Apple that show profit and loss estimates for fiscal year 2020. He said Apple had been tracking App Store profits for years and that he also obtained such statements for 2013 through 2015.

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Apple's App Store Had 78% Margin in 2019, Epic Expert Says

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  • by alvinrod ( 889928 ) on Monday May 03, 2021 @11:53AM (#61341910)
    I wonder if they'd like their own argument applied to themselves because I'm willing to bet they could also be charging a lot less as well.
    • Epics games store is on negative. That info came out from the same court case earlier.

      • I'm not talking about their game store. If m talking about their development company. Arguments about one billion dollar company claiming another billion dollar company makes too much money are rather silly.

        Also if they're intentionally taking a loss now can they be accused of dumping or other anti-competitive behavior? Microsoft did a lot of the same to drive out competitors. While I highly doubt Epic had any chance of success, I don't know if it couldn't be held against them legally if someone had enou
        • Well, the latest figures I could find for Epic as whole are $4.2 billion, with earnings of $730 million for 2019.

          But that is not the interesting thing because that is commonly available. The thing we did not know was the stores as neither company had breakouts of those and lumped them in with other stuff.

          As for Dumping: Sure, there is definitely a case to be made to say that Epic is engaged in dumping.

    • Epic already charges less [epicgames.com]. Game developers get to keep 88% of revenue from games; Epic only gets 12%. Compare that to Apple which gets to keep up to 30%

      But this case isn't about Epic... it's about Apple and their (IMO) abusive and monopolist control over their App Store. The only way to get an app for your iOS device is through Apple's App Store. The Epic game store isn't the only means of getting games.

      • > The only way to get an app for your iOS device is through Apple's App Store.

        That right there, after all the blustering and posturing is done, is what will decide this case. Apple will need to show/prove how not allowing individual users to personally load apps on their phones somehow jeopardizes their network, servers. etc., and it's therefore "safer" to have everything routed through their App Store.

        I don't see this argument working out for Apple. My cell provider would have a more compelling case
    • Assuming the article refers to gross margin and that Epics margin is in the vicinity of EA https://gamingstreet.com/tag/e... [gamingstreet.com] 74% and Blizzard https://gamingstreet.com/tag/a... [gamingstreet.com] 72% I'd be upset as well, to the tune of the worlds smallest violin. If it's net margin or operating margin, it's a completely different ballgame (link figures are cents on the dollar if I'm not completely mistaken),

    • by fermion ( 181285 )
      My assumption is like so many incompetent firms, the make no real profit. Instead of doing the hard work of developing competent business plans a marketing strategies, they just want to to use the legal system to take someone elseâ(TM)s money, like a patent troll.
  • by doug141 ( 863552 ) on Monday May 03, 2021 @12:01PM (#61341976)

    I want to sell dance moves in Fortnight, but Epic's walled Fortnight garden prevents me from doing so. It's outrageous that Epic isn't opening Fortnight up and allowing all of us to sell costumes.

    • by Entrope ( 68843 )

      Do you think a feature that requires every single user to have the animation / skin / whatever is exactly the same as installing an app on an individual device?

      Or do you think Epic choosing not to do extra work to enable you to install custom whatevers (noting that they are supporting mods for Fortnite) is just like Apple doing extra work to prevent their customers and third parties from installing custom other-things?

    • That's far from being the same if you can't sell anything on FN....

    • by AmiMoJo ( 196126 )

      It might seem odd but the fact that Fortnight doesn't allow any 3rd party stuff is what saves them. Apple both allows and encourages the use of third party purchases, generating significant revenue from the sale of apps, subscriptions and goods that it does not produce itself.

      The other problem for Apple is that there are other similar platforms that are less restrictive, which makes it seem like their rules are purely about making more profit by monopolizing the iOS market. I'm sure Apple would argue that t

      • The other problem for Apple is that there are other similar platforms that are less restrictive, which makes it seem like their rules are purely about making more profit by monopolizing the iOS market. I'm sure Apple would argue that they do it for the benefit of consumers, and I'm equally certain that Google would counter that Android is just as safe and offers a great customer experience.

        1. Apple can clearly demonstrate by the difference in Malware "breakthrough infections" between the App Store and the Google Play Store that their App Distribution model is far safer than Googleâ(TM)s (and Android's in general). So there is a clear, demonstrable benefit to the Consumer. Therefore, Apple should carry the day on this issue.

        2. 30% Commission on App Store sales is (or was) so Universal across platforms as to be considered "Standard Industry Practice". Again, Apple should Prevail.

        3. Other m

        • by AmiMoJo ( 196126 )

          Apple won't get far claiming that the App Store is safer because there has been plenty of malware and many scam apps on it.

  • by TuballoyThunder ( 534063 ) on Monday May 03, 2021 @12:05PM (#61342014)
    Allocating indirect costs to get a P&L statement on a particular segment of a large multinational corporation is complex and time consuming. Over accounting costs resources (money, people, time) and can be substantial. Definitely a "is the juice worth the squeeze" type of problem.

    If having an App Store is a necessity for the product offering, the store expenses are probably rolled up into a larger account.

  • Its a private company etc...
  • It's big number, but it's meaningless for a service like the app store. Margin makes more sense for manufactured products than it does for services.
    • by Junta ( 36770 )

      Well, the summary says *operating* margin, so that is meaningful.

      However, trying to derive operating margin for the App store specifically separate from the rest of Apple's concerns seems a daunting task, even for their internal accounting team, let alone an outside expert. To subdivide operating margin, need to figure out to what extent the expenditures 'belong' to a given line of business.

  • I expected more like 95%.
    Operating servers hosting a bunch of 30 MB apps is not that expensive.

    • Yeah, I'd like to see what they are spending the money on.

    • So I take it you would pay Apple's monthly operational bills. From what I know Apple built billion dollar data centers in different parts of the country.
      • Yes and none of them are used exclusively for the app store.
        Let's face it, from the billion of dollars they make from their 30% cut in the app store, it would be surprising if their fees were more than 5%.
        5% of 1 billion is 50 millions. That's a lot of hosting and payment processing.

        • Yes and none of them are used exclusively for the app store.

          Yes because Apple's multiple billion dollar data centers are used for their massive web hosting business . . .no wait. Database servers. . . no. Outlook servers. . . Hmmmm. What does Apple do with their massive data centers. . . I wonder.

          Let's face it, from the billion of dollars they make from their 30% cut in the app store, it would be surprising if their fees were more than 5%.

          You seem to forget that it costs something to host/serve those apps.

          5% of 1 billion is 50 millions. That's a lot of hosting and payment processing.

          Again what is the cost of serving a million apps to a few hundred million users. Also you have to provide customer service and build the infrastructure for all the developers. You seem to have all the ans

          • Yes and none of them are used exclusively for the app store.

            Yes because Apple's multiple billion dollar data centers are used for their massive web hosting business . . .no wait. Database servers. . . no. Outlook servers. . . Hmmmm. What does Apple do with their massive data centers. . . I wonder.

            Ever heard of iCloud? Apple Music?

    • What about all the programming around, to allow you to post apps safely, the Xcode environment, libs and language, the reviewers etc...
      • They'd provide the Xcode environment with or without their cut on the app store. This is irrelevant. They pay for that by selling iPhones and their various services, and with a good margin by the way.

        Also they review free applications as well. If it was too expensive, or even not profitable enough, they wouldn't.

      • But I get what you mean. If you put all their costs on the app store, then I guess you can get a number like 78%. It just makes their margin on the iPhone even higher than what it is.

  • Netflix, et al complained bitterly about the internet infrastructure not being all-you-can-eat for the same price as a static-text website. When is Epic going to admit that they don't want to pay for the infrastructure Apple built.

    • There are a lot of free apps (Starbucks, Target, Bank of America, etc) on Apple's App Store that Apple collects $0 from.

      Aside from the annual developer fee they pay Apple, how else are they paying for the infrastructure Apple built?

    • I think Epic is happy to pay for the infrastructure Apple built. To be sure, they are paying the Apple developer fees.

  • Seriously, how does the margin of a single service that a company provides matter at all?
    OK, let's have EPIC tell us their margin on, say, Fortnight? That's probably way over 78%, but how does it matter at all (and they could allow a Fortnight market too - go after them for Fortnight being a walled garden?)
    Or, go for the opposite, let's have a look at the EPIC Store, we know that is actually on negative margin as they are trying to compete with Steam, but how is that better - using your huge bank reserves t

    • by bws111 ( 1216812 )

      It is an anti-trust case. Anti-trust law allows some anti-competitive practices if they are for 'legitimate business purposes'. For instance, Apple could say that the 'walled garden' is an important part of their product, and they have to control app distribution for that reason. That could be a legitimate business purpose. But if Epic can show the App Store has those high margins, then it looks like the 'business purpose' of the App Store is to restrict competition so they can make as much money as pos

      • It is an anti-trust case. Anti-trust law allows some anti-competitive practices if they are for 'legitimate business purposes'. For instance, Apple could say that the 'walled garden' is an important part of their product, and they have to control app distribution for that reason. That could be a legitimate business purpose. But if Epic can show the App Store has those high margins, then it looks like the 'business purpose' of the App Store is to restrict competition so they can make as much money as possible. And anti-trust law does not consider that to be 'legitimate'.

        This brings up a very salient point: Exactly what "margin percentage" is allowed by law?

        Other than in certain financial businesses, such as lending, "margins" (e.g. "interest"), on financial transactions and businesses are blissfully unlimited. As it should be. And is.

        Whether Developers are upset with Apple's Commissions is a matter for a Civil lawsuit (if negotiations in good faith are not possible); muddying the waters with all this "Anti-Trust" bullshit should be a quick ticket out of the Courtroom for E

        • Contract law does not somehow negate antitrust law. Two parties cannot simply contract away laws intended to protect one of those parties or the public at large - it would altogether eliminate the purpose. Your landlord cannot put a clause in your lease eliminating the covenant of quiet enjoyment and expect a court to uphold it. Apple here is artificially suppressing competition through technical means, by funneling everything through their app store, then further inserting itself into the relationship betw
    • Seriously, how does the margin of a single service that a company provides matter at all?

      Huge profit margins are a sign that someone is abusing their monopoly position.

      OK, let's have EPIC tell us their margin on, say, Fortnight? That's probably way over 78%,

      Copyright is a legal monopoly, and unfortunately is often abused, legally.

      • Huge profit margins are a sign that someone is abusing their monopoly position.

        Bahahahaha. If that were true, every high profit margin business would invite federal investigations.

        Copyright is a legal monopoly, and unfortunately is often abused, legally.

        Copyright is an abused monopoly? You do understand the words "abuse of monopoly" is by definition illegal? Which is it? Is copyright a legal monopoly or an illegal one?

        • Bahahahaha. If that were true, every high profit margin business would invite federal investigations.

          Fool, "it's a sign" doesn't mean "it's guaranteed."

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