Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did 😎Read how

Under pressure from EU, Apple has been working on a new App Store fee structure - report

Published 24/01/2024, 12:36
© Reuters.

Apple (NASDAQ:AAPL) is reportedly planning to implement new fees and restrictions for third-party software downloads outside its App Store in response to an upcoming European law designed to open up its closed iPhone app ecosystem.

This move, applicable only in Europe, aims to comply with the March deadline set by the EU. Under the plan, users in Europe will be able to download software onto their iPhones without relying on the App Store, according to the Wall Street Journal.

Apple's strategy is seen as a test of the legislation's enforcement, as the company faces global challenges to its control over third-party software. The tech giant asserts that its tight control is crucial for iPhone security, while critics argue it is anticompetitive, collecting high commissions and competing unfairly with its own apps.

Apple's approach to the EU law would allow the company to maintain oversight of sideloaded apps, enabling it to review each one. The company also intends to charge fees to developers offering downloads outside the App Store.

However, these plans have not been officially announced and may be subject to change. The potential restrictions and fees could reignite tensions with app developers who anticipated more freedom under the new European law.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.