TECH - Apple's App Store Policy Revamp Comes Under Fire: Cupertino 'Will Stop At Nothing To Protect The Profits' | Benzinga
Apple Inc. (NASDAQ:AAPL) has come under fire due to its newly revised App Store payment policies. The modifications, which are being described as "outrageous" by critics and developers, could lead to escalating legal disputes.
What Happened: Apple has introduced a new policy that mandates developers to pay a 27% commission if they opt for an alternative payment method.
This development follows the U.S. Supreme Court’s decision to not hear appeals of an antitrust ruling related to the App Store, originating from a legal conflict between Apple and Epic Games, the creator of “Fortnite”.
On Tuesday, Tim Sweeney, Epic’s CEO, expressed his intention to contest Apple’s new policies in the Northern California District Court, terming the tech giant’s move as “bad faith."
Music streaming service, Spotify Inc. (NYSE:SPOT) also said that the move "is outrageous and flies in the face of the court's efforts to enable greater competition and user choice," reported the Wall Street Journal.
"Once again, Apple has demonstrated that ...