Apple denies App Store profit margin is 75% – claims to have no clue
Apple’s incoming CFO didn’t get much time to settle in before he found himself in court defending the company against a class action lawsuit. Kevan Parekh yesterday claimed that the company that it has no clue about its App Store profit margin.
This is a stance the company has taken before. Indeed, Apple Fellow Phil Schiller even went as far as to claim he didn’t even know whether the App Store made a profit at all …
