[HN Gopher] Google Play Had a Profit of $8.5 USD Billion in 2019...
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Google Play Had a Profit of $8.5 USD Billion in 2019 with Margins
of 62 Percent
Author : adrian_mrd
Score : 34 points
Date : 2021-08-29 17:24 UTC (5 hours ago)
(HTM) web link (www.thurrott.com)
(TXT) w3m dump (www.thurrott.com)
| ksec wrote:
| Missing the Keyword here " _operating margin_ ".
| stevespang wrote:
| Absurd. Big corporations often struggle to earn 20% profit. I am
| old enough to recall the Major oil co's being hit with the
| "windfall profits tax" back in March 1980. We need the same thing
| for tech co's today.
| greatgib wrote:
| This is very interesting, because, for years, there have been fan
| boys that justified Apple and Google apps store rackets by saying
| that it is normal for them to have high charges to be able to
| fund the expensive work of providing the service.
| fxtentacle wrote:
| While I remain unconvinced that they would have behaved better,
| had they been in Google's position, I feel very thankful to Epic
| Games for finally forcing those numbers into the public. It's
| almost as if they are now procuring the research that government
| agencies should have been doing, but couldn't.
| heybrendan wrote:
| I'd have preferred that the OP simply share the Reuters [1]
| article directly, than linking to what strikes me as a second-
| rate, pedestrian personal site masquerading as an pseudo-official
| tech news blog.
|
| From the Reuters article [linked in TFA]:
|
| > In its quarterly financial disclosures, Google groups Play app
| revenue with that of other services and accounts for the store's
| ad revenue as part of another broader category.
|
| Wishful thinking perhaps, but now that the cat is out of the bag,
| it would be nice to have Play revenue details in future financial
| disclosures. Retail investors are absolutely clamoring for more
| transparency in all SEC filings, and it shouldn't require complex
| acts of jurisprudence to get more data into everyone's hands.
|
| In fact, I'd like to see this behavior [releasing higher
| resolution business details] apply to all of FAANGM [heck, the
| entire market], given that when it comes to 10-{Q,K}s, they all
| seem to be playing the same dastardly, opaque game.
|
| [1] https://www.reuters.com/technology/google-play-app-store-
| rev...
| qeternity wrote:
| > This means that Google could very easily afford to charge
| developers a lot less than it does and still be wildly and even
| unfairly successful.
|
| I always wonder if every first world, white collar worker who
| thinks these things realizes that the exact same thing applies to
| themselves.
|
| For every cushy white collar job in the developed world, there
| are hoards of people who would do this job for a fraction of what
| is being paid. So why don't people work for less, voluntarily? It
| sounds absurd right?
|
| Capitalism is the worst form of economic association, except for
| all the others. Show me a viable alternative, and I'll change my
| mind.
| ksec wrote:
| >I always wonder if every first world, white collar worker who
| thinks these things realizes that the exact same thing applies
| to themselves.
|
| Pretty much sums up Silicon Valley. Saying $200K Fresh Grad job
| to FAANG is barely enough while claiming the company that
| employed them are making too much profits.
| Jyaif wrote:
| Yes, software has high profit margins. What's the margin on the
| Fortnite's cosmetics?
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(page generated 2021-08-29 23:03 UTC)