TECH - Apple's Revenue Unlikely To Be Impacted By EU Regulatory Changes Says JP Morgan | Benzinga
JP Morgan Chase & Co. (NYSE:JPM) contends that the alterations made by Apple Inc. (NASDAQ:AAPL) in compliance with new EU regulations will not significantly impact its App Store revenue.
What Happened: Apple has modified its operations in line with the EU’s Digital Markets Act. This includes a decrease in overall commission from 30% to 17% and a new fifty-cent fee on all apps downloaded post the developer exceeding one million downloads.
Despite these changes, JP Morgan believes that Apple’s bottom line won’t be largely affected. The new fifty-cent fee is anticipated to balance out the commission reductions, and the EU only provides around ...