Apple have been caught conspiring to fix eBook prices, something that might cost the iPhone maker $490 million. A lawyer from Hagens Berman, the lead class action firm involved in the case told GigaOM that Apple could pay three times' the publishers' total liabilities.
This is minus the $166 million that the publishers have agreed to pay in separate settlements, but brings the total to be sucked out of Apple's cash piles to be $490 million. Considering they have just spent $16 billion buying their own shares - because, you know, they've been tanking pretty hard lately - this is nothing but a drop in the ocean to them.
Kind of like one of us mere mortals dropping $1 on the street from our wallet filled with $100 notes.