So, I initially wanted to just kneejerk respond yes, it is absurd to suggest this ruling against Apple… would have any kind of generally noticable effect on inflation.
But I wanted to check the actual numbers.
Ok, so, total US consumer spending in 2024 is about $64 Trillion.
… The Apple App Store generated $105 Billion in revenue in 2024.
Ok, napkin math: 30% off of lets just say literally all App Store payments… , ok, we’ve cut costs by about $32 Billion… shave that off the $64 Trillion…
And voila!
A rough general price reduction of… 0.05%
Call a median US yearly income $60K, and they’ve saved $30 bucks. Maybe the cost of either one or two DoorDash meals, depending on where you live… probably much closer to just one.
So, I initially wanted to just kneejerk respond yes, it is absurd to suggest this ruling against Apple… would have any kind of generally noticable effect on inflation.
But I wanted to check the actual numbers.
Ok, so, total US consumer spending in 2024 is about $64 Trillion.
… The Apple App Store generated $105 Billion in revenue in 2024.
Ok, napkin math: 30% off of lets just say literally all App Store payments… , ok, we’ve cut costs by about $32 Billion… shave that off the $64 Trillion…
And voila!
A rough general price reduction of… 0.05%
Call a median US yearly income $60K, and they’ve saved $30 bucks. Maybe the cost of either one or two DoorDash meals, depending on where you live… probably much closer to just one.
We’re saved from inflation rofl!