Kevan Parekh gives evidence in London court case where iPhone maker is accused of abusing a dominant position
Apple’s newly appointed chief financial officer disputed claims the iPhone maker enjoys profit margins of about 75 per cent on its App Store as he became the first senior Big Tech executive to testify in a UK class action antitrust trial. Kevan Parekh told a London court on Thursday it was impossible to accurately determine the standalone profitability of its App Store after it was accused in a lawsuit of abusing a dominant position to extract “exorbitant” returns from the software centre.
In his witness statement, Parekh said Apple “cannot allocate all indirect costs to specific products or services”. He added: “Any attempt to allocate these types of costs would involve imprecise and subjective judgments.” Armitage said the implication of Apple’s position was that the App Store’s profitability “can’t be scrutinised”.
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