Apple May Be Forced To Reveal Detailed Financial Info, iPhone Profit Margins

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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.

Source: Ars Technica
Via: BGR

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About The Author
Stephen Schenck
Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen's first mobile device was a 624 MHz Dell Axim X30, which he's convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he's not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bitsRead more about Stephen Schenck!