Cybernews
  • News
  • Editorial
  • Security
  • Privacy
    • What is a VPN?
    • What is malware?
    • How safe are password managers?
    • Are VPNs legal?
    • More resources
    • Strong password generator
    • Personal data leak checker
    • Antivirus software
    • Best VPN services
    • Password managers
    • Secure email providers
    • Best website builders
  • Follow
    • Twitter
    • Facebook
    • YouTube
    • Linkedin
    • Flipboard
    • Newsletter

© 2021 CyberNews - Latest tech news, product reviews, and analyses.

Our readers help us create quality content. If you purchase via links on our site, we may receive affiliate commissions. Learn more

Home » News » Apple to lower App Store fees for smaller developers

Apple to lower App Store fees for smaller developers

by Reuters
18 November 2020
in News
0
Apple launches MacBook laptops powered by its own computing chips

Apple (c)Shutterstock

0
SHARES

Apple Inc on Wednesday said it plans to start a program to lower its App Store commissions for software developers who make $1 million or less in proceeds each year from the store.

Apple takes a 30% cut of most purchases made on the App Store, although the commission drops to 15% for subscriptions that remain active for more than a year.

Apple said Wednesday developers will automatically get the lower 15% rate if they generate $1 million or less in proceeds – defined as the portion of App Store purchases that the developer keeps – in a calendar year.

Apple’s App Store fees and rules have come under fire from both large software firms such as Microsoft Corp, Spotify Technology SA and Match Group Inc as well as numerous startups and smaller companies that allege the fees deprive consumers of choices and push up the price of apps.

Apple has responded by saying its rules apply evenly to developers and that the App Store provides an easy way to reach its huge base of users without having to set up payment systems in the 175 countries where it operates.

Apple said the new program will start on Jan. 1, 2021.

Software developers who netted less than $1 million from the App Store this year will qualify for the 15% rate next year. If the developer’s proceeds rise above the $1 million threshold the next year, Apple’s standard rates kick in for the rest of that year. If the developer’s proceeds fall below $1 million in a given year, they become eligible for the lower rate the next year. 

“Small businesses are the backbone of our global economy and the beating heart of innovation and opportunity in communities around the world,” Apple Chief Executive Tim Cook said in a statement.

Apple said it will give more details on which developers qualify next month.

(Reporting by Stephen Nellis in San Francisco; editing by Richard Pullin)

ShareTweetShareShare
Next Post
Concept of virtual influencer

Meet the virtual influencers making millions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Editor's choice

COMb data leak - Mother of all breaches
News

COMB: largest breach of all time leaked online with 3.2 billion records

by Bernard Meyer
12 February 2021
37

It's being called the biggest breach of all time and the mother of all breaches: COMB, or the Compilation of...

Read more
14 million Amazon and eBay accounts sold online in new leak

14 million alleged Amazon and eBay account details sold online

17 February 2021
The hype around quantum computing: it’s not too early to get in

The hype around quantum computing: it’s not too early to get in

15 February 2021
Facebook phishing campaign that tricked nearly 450,000 users in Germany is now spreading in the UK

Facebook phishing campaign that tricked nearly 450,000 users in Germany is now spreading in the UK

15 February 2021
Cyberpunk 2077 maker CD Projekt Red has GWENT source code leaked after ransomware attack

Cyberpunk 2077 maker CD Projekt Red has GWENT source code leaked after ransomware attack

10 February 2021
  • Categories
    • News
    • Editorial
    • Security
    • Privacy
  • Reviews
    • Antivirus Software
    • Password Managers
    • Best VPN Services
    • Secure Email Providers
    • Website Builders
  • Tools
    • Password generator
    • Personal data leak checker
  • Engage
    • About Us
    • Send Us a Tip
    • Careers
  • Twitter
  • Facebook
  • YouTube
  • Linkedin
  • Flipboard
  • Newsletter
  • About Us
  • Contact
  • Send Us a Tip
  • Privacy Policy
  • Terms & Conditions
  • Vulnerability Disclosure

© 2021 CyberNews - Latest tech news, product reviews, and analyses.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.

Home

News

Editorial

Security

Privacy

Resources

  • About Us
  • Contact
  • Careers
  • Send Us a Tip

© 2020 CyberNews – Latest tech news, product reviews, and analyses.

Subscribe for Security Tips and CyberNews Updates
Email address is required. Provided email address is not valid. You have been successfully subscribed to our newsletter!