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Apple said Wednesday that European Union developers pocketed the savings from mandated commission reductions rather than lowering prices for consumers. The iPhone maker commissioned Analysis Group to study pricing behavior [PDF] after the Digital Markets Act forced Apple to cut its App Store fees from up to 30% to an average of 20%. The research examined 41 million transactions across 21,000 products between March and September 2024, generating 403 million euros in sales….
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Apple said Wednesday that European Union developers pocketed the savings from mandated commission reductions rather than lowering prices for consumers. The iPhone maker commissioned Analysis Group to study pricing behavior [PDF] after the Digital Markets Act forced Apple to cut its App Store fees from up to 30% to an average of 20%. The research examined 41 million transactions across 21,000 products between March and September 2024, generating 403 million euros in sales….
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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