Newly-appointed Apple CFO denies 75% App Store profit claim in UK trial

Apple's Chief Financial Officer, Kevan Parekh, has testified at a UK trial, disputing claims by the prosecution that the company has a 75 percent profit margin on its App Store for iPhone and iPad. Apple CFO Kevan Parekh. Image credit: Apple The seven-week trial happening in London is likely to the be the first case in a series of attacks on various Big Tech companies and their various paid services or app stores. The case is being heard by the UK's Competition Appeal Tribunal.Antitrust and cons...