Connect with us

Hi, what are you looking for?

Tech News

Here’s the new Apple tax every developer is going to hate

Illustration of the Apple logo on a light and dark green background.
Illustration: The Verge

Apple is finally opening the iPhone to third-party app stores in the European Union, kicking off a potentially vibrant, unwieldy, and eclectic new era for its app ecosystem. At least, it might, depending on how developers respond to a hurdle that is at once tiny and immense: a €0.50 fee.

Apple is introducing a new fee structure for apps that want to operate on these third-party stores. On the surface, it looks great: apps pay no cut of sales to Apple if they’re distributed via a third-party store. And if a developer still wants to be distributed via Apple’s App Store, too, the cut drops from the traditional 30 percent fee down to 17 percent. It’s an even lower 10 percent fee for qualifying “small business” apps, down from the original 15…

Continue reading…

You May Also Like

Editor's Pick

One of the key themes, if not THE theme, of 2023 was the dominance of the mega-cap growth trade. The Magnificent 7 stocks handily outperformed...

Editor's Pick

Eric Gomez On January 25, Taiwan’s military inducted its first group of conscripts for a one‐​year service period since Taipei announced the extension of mandatory...

Editor's Pick

The previous week was reduced to just a short 3-day trading week as Monday was declared a special holiday while on Friday, the markets...

Editor's Pick

In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews where the markets stand as we head into earnings from MSFT, GOOGL, AAPL and...