Posted 2/2/2024, 5:59:15 AM
Apple Announces Reluctant Changes to App Store to Comply with EU Law, Despite Concerns Over Lost Revenue
- Apple says EU represents 7% of global App Store revenue, announced changes to comply with EU's Digital Markets Act
- Changes include allowing alternative app stores and third-party payment processors; Apple will charge tech fee if app has over 1M downloads
- Apple reported record App Store revenues this quarter but says changes will cause it to "fall short of providing the maximum amount"
- Industry reaction to changes harsh - Spotify calls it "extortion," Epic CEO says "malicious compliance," Meta CEO says rules "so onerous"
- Coalition for App Fairness calls Apple's plan non-compliant, says it violates law by introducing "new fees on direct downloads"