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Apple Concedes to EU Regulators: Scraps Core Technology Fee, Cuts App Store Commissions Across Europe

Apple announced a comprehensive overhaul of its App Store business rules in Europe to resolve its prolonged competition law dispute with the EU. It abolished the "core technology…

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Apple announced a comprehensive overhaul of its App Store business rules in Europe to resolve its prolonged competition law dispute with the EU. It abolished the "core technology fee" calculated based on installation volume, replacing it with a 5% commission on digital transactions within apps made outside the platform; reduced in-app purchase commissions from 30% to 26%, and allowed developers to integrate third-party payment systems.

Original: https://wallstreetcn.com/articles/3779740

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