Apple's EU App Developer Terms are 'Missed Opportunity,' Lobby Group Says

Dow Jones08-19 19:58

1158 GMT - Apple's proposed changes to its app developer terms in the EU are a missed opportunity, according to Coalition for App Fairness, a lobby group that counts Spotify and Epic Games as members. "We urge regulators to reconsider and ensure that the DMA delivers the meaningful choice and competition that European lawmakers intended," CAF says. On Tuesday, Apple proposed new fees, including a 5% commission rate for apps downloaded through alternative app stores or the web, a 15% fee for apps in its own App Store that link out to complete payments, and a 20% rate for those that use alternative payment processing, though some developers will see a lower 10% commission. According to lobby group, those fees are still too high. "Developers and consumers deserve an open mobile app ecosystem," it says.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment