Bricked iPhones With 'Error 53' Just Cost Apple $6.7 Million in Australia (betanews.com)

Apple has been hit with an AUS $9 million ($6.7 million) fine for misleading customers in Australia. More than two years ago Apple started to "brick" iPhones that had been fixed at non-authorized third-party repairers, generating an Error 53. From a report: Apple admitted to intentionally preventing certain repaired iPhones and iPads from working for security reasons, but later apologized and issued a fix. However, the Australian Competition and Consumer Commission (ACCC) sued Apple for "misleading or deceptive conduct," and now an Australian court has hit the iPhone-maker with a multi-million dollar fine.

Comments

About 16 minutes of iPhone sales

[turp182]

Assuming an average cost/revenue of $700, $6.7M USD is just above 9,500 iPhones.

Per Google search, they sell about 590 per MINUTE (4th quarter last year on average).

So that's about 16 minutes of sales:
https://www.google.com/search?...

They were probably laughing while lounging on their yachts that cost more than the settlement.