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Apple Caves on App Store Fees

TheMotleyFool

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In the face of mounting pressure and the glare of the antitrust spotlight, Apple (NASDAQ: AAPL) cut its app store commission in half for qualified developers. The company on Wednesday announced a new App Store Small Business Program, which will lower the commission for eligible developers to 15% from the current 30%.

The program will be available to companies that generated up to $1 million in revenue over the previous calendar year and will launch on Jan. 1, 2021.

Apple CEO Tim Cook announced a cut in App Store fees for some developers on Wednesday. Image source: Apple.

Source Fool.com

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