Apple’s App Store Had 78% Profit Margin in 2019, Testimony Shows

Apple Inc.’s App Store had operating margins of 77.8% in fiscal year 2019 and 74.9% in fiscal year 2018, according to testimony from an Epic Games expert witness based on documents obtained from the iPhone maker.

The figures come from the testimony of Ned Barnes, a financial and economics researcher, on behalf of Epic Games. He said he obtained documents “prepared by Apple’s Corporate Financial Planning and Analysis group and produced from the files of Apple CEO Tim Cook.”

As part of the discovery process, Barnes said that an Apple employee told…