Apple cuts commissions: Industry reacts, regulators watch
As regulators watch closely, Apple announced today it would cut its App Store commission for small businesses, taking its cut down from an industry standard 30% to 15% for those app and game developers who make less than $1 million a year.
The move could earn Apple points from small app makers who are hurting during the pandemic. But its critics were quick to point out that it wasn’t a big concession or one that would cost the tech giant much money.
Epic Games CEO Tim Sweeney is suing Apple for antitrust violations and has said that Apple’s 30% take is excessive.
“This would be something to celebrate were it not a calculated move by Apple to divide app creators and preserve their monopoly on stores and payments, again breaking the promise of treating all developers equally,” Sweeney said in a statement to GamesBeat. “By giving special 15% terms to