{"id":101596,"date":"2020-10-30T23:37:54","date_gmt":"2020-10-30T20:37:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/apple-warns-regulation-of-app-store-could-materially-hit-its-results\/"},"modified":"2020-10-30T23:37:54","modified_gmt":"2020-10-30T20:37:54","slug":"apple-warns-regulation-of-app-store-could-materially-hit-its-results","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/apple-warns-regulation-of-app-store-could-materially-hit-its-results\/","title":{"rendered":"#Apple warns regulation of App Store could ‘materially’ hit its results"},"content":{"rendered":"

“#App<\/a>le warns regulation of App Store could ‘materially’ hit its results<\/strong>”
\n<\/p>\n

\n Apple\u2019s lucrative App Store fees could be slashed by regulators to the tune of billions of dollars a year, the company warned investors Friday.<\/p>\n

The iPhone maker said in its most recent annual report<\/a> that the growing regulatory pressures targeting Big Tech could have a major impact on its bottom line.<\/p>\n

\u201cIf the rate of the commission that [Apple] retains on [App Store] sales is reduced, or if it is otherwise narrowed in scope or eliminated, the company\u2019s financial condition and operating results could be materially adversely affected,\u201d the company wrote in its 10-K report.<\/p>\n

Apple earlier this month was excoriated by the House Judiciary Committee\u2019s antitrust panel, which accused it \u2014 along with Facebook<\/a>, Amazon and Google parent Alphabet\u00a0\u2014 of becoming \u201cthe kinds of monopolies we last saw in the era of oil barons and railroad tycoons.\u201d<\/p>\n

Apple approves every app that gets onto its App Store, which is the only way to get software onto the company\u2019s iPhones and iPads. The California-based tech giant charges developers a 30-percent commission for in-app purchases and restricts them from telling users about cheaper purchasing options.<\/p>\n

Though Apple did not specify how much it could be on the hook for if its fee structure is changed, in 2019 the App Store processed $61 billion<\/a> worth of purchases that were eligible for the 30 percent cut.<\/p>\n

In addition to the regulatory scrutiny, Apple\u2019s fees have made headlines because of a high-profile battle with Epic Game<\/a>s, the maker of the mega-popular video game \u201cFortnite.\u201d<\/p>\n

Apple booted \u201cFortnite,\u201d a free-to-play game with millions of players, from the App Store after Epic introduced a system to accept payments for in-app purchases directly in an effort to avoid the 30 percent fee. The move to bypass Apple\u2019s cut has since led to Apple suspending Epic\u2019s developer account and booting all of its games from the App Store.<\/p>\n

The companies are now embroiled in a high-stakes lawsuit, with Epic asking for \u201cinjunctive relief to allow fair competition in these two key markets that directly affect hundreds of millions of consumers and tens of thousands, if not more, of third-party app developers.\u201d<\/p>\n

Several other tech firms have also blasted Apple\u2019s fees as the unfair result of its market dominance, including Facebook, Spotify and Tinder owner Match Group.<\/p>\n

Last week, a nonprofit group called The Coalition for App Fairness \u2014 which is pushing for legislation that will force Apple to cut its steep fees and whose membership includes Spotify and Match \u2014 said that it has received more than 400 membership requests from developers in recent weeks.<\/p>\n

Apple shares were down 6.3 percent Friday after the company declined to give iPhone 12 sales guidance for the current quarter.\n <\/p><\/div>\n

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For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Apple warns regulation of App Store could ‘materially’ hit its results” Apple\u2019s lucrative App Store fees could be slashed by regulators to the tune of billions of dollars a year, the company warned investors Friday. The iPhone maker said in its most recent annual report that the growing regulatory pressures targeting Big Tech could have…<\/p>\n","protected":false},"author":1,"featured_media":101597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/Apple-Store-London.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[77729,5029,5055,77826,5030],"class_list":["post-101596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-30-20","tag-apple","tag-apps","tag-federal-regulation","tag-iphone"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/101596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=101596"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/101596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/101597"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=101596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=101596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=101596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}