Apple App Store: The US Federal Court has loosened its hold on its own App Store by an order in an antitrust lawsuit against the giant mobile maker Apple. This has put a threat to Apple’s higher earnings.
This decision has opened the way for Apple’s millions of iPhone users to get various mobile apps on the App Store at cheap prices. In fact, with this decision, Apple, which has so far taken 30 percent commission on digital transactions of apps uploaded to the App Store, will now have to reduce or eliminate it, which can save app developers billions of dollars.
A federal court judge has ordered iPhone maker Apple to loosen its tight grip on its App Store. This has put the company’s highest-grossing activity at risk.
If such a change happens in Apple’s App Store, it will save app creators billions of dollars and encourage them to reduce the price that consumers will benefit from.
The judge’s decision came in the anti-competitive case of Epic Games. Epic Games is known as the maker of Fortnite. Around 400 million people play this video game around the world.
This decision of the federal court also affected Apple’s business, where the company’s shares went down more than two percent. Investors feel that this decision could result in a loss of billions of dollars in annual income of the company.
Apple charges a commission of up to 30 percent on transactions made through the app placed in its store. Such transactions include digital transactions including songs, music, movies including Netflix or Spotify subscriptions, etc.
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