Apple may lower App Store commission rate to ‘stay competitive’, report suggests

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In the latest edition of the Power On newsletter, Bloomberg’s Mark Gurman outlined some of his expectations for how Apple will remain competitive in the App Store payment processing market. Late last month, a judge ruled that Apple’s 27% commission on external payments was illegal. Many large developers have already begun implementing their own payment processing systems.

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In the United States, where most of Apple’s App Store revenue is generated, developers are now…



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Apple may lower App Store commission rate to ‘stay competitive’, report suggests


In the latest edition of the Power On newsletter, Bloomberg’s Mark Gurman outlined some of his expectations for how Apple will remain competitive in the App Store payment processing market. Late last month, a judge ruled that Apple’s 27% commission on external payments was illegal. Many large developers have already begun implementing their own payment processing systems.

Background

In the United States, where most of Apple’s App Store revenue is generated, developers are now…



Source link

Disclaimer

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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