Apple CFO Denies Claims Of 75% Profit Margins On App Store: ‘I Wouldn’t Say They’re Accurate’

Apple CFO Kevan Parekh denied claims of a 75% profit margin on the App Store during a U.K. antitrust trial, arguing that standalone profitability calculations are imprecise, as claimants seek £1.5 billion in damages over alleged monopoly practices.

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