What this is
Illustrative; consistent with band; not a sourced TPCi number
Where it comes from
Our calculation from other figures in the trainer’s notes:
Show the working
- Retail figure only
- at 8-12% royalty = $0.9-1.3bn (¥130-195bn at 150) shared with TPC for Asia
- TPCi share unknown
- Do not treat as TPCi revenue