Apple May Be Forced To Reveal Detailed Financial Info, iPhone Profit Margins
Apple’s victory in securing a huge judgment against Samsung, to the tune of over a billion dollars, may still be fresh in the company’s mind, but its more recent experiences in court haven’t been so positive. Yesterday, we heard about Apple losing the UK appeal intended to keep it from publicly clearing Samsung of accusations of copying, and now we’re getting news of a new development in that US case, where it’s looking like Apple may be forced to reveal some financial info it would rather keep secret.
In order to justify the sky-high damages Apple was awarded in that Samsung trial, the presiding judge is trying to get Apple to reveal detailed sales info on its products. The way the judge sees it, Apple needs some evidence to back-up the need for the damages to be as high as they are, and Apple can’t simultaneous rely on this financial data while keeping it an off-the-record secret.
The judge’s ruling is already awaiting review before the order is enforced, but if it’s held up, Apple may have to reveal exactly how profitable the products at issue in this case are. That would include detailed sales figures, cost of production, profit margins, and more.