Apple has been taking a lot of flak lately over the 30 percent cut it takes from app developers. Starting next year, though, certain developers will be able to avoid paying the tech giant a commission. The company has announced that it will update the App Store in early 2022 to allow developers of "reader" apps to add in-app links to their websites, allowing users to set up their accounts and make payments. Apple defines reader apps as those that "provide previously purchased content or content subscriptions for digital magazines, newspapers, books, audio, music and video." As Bloomberg notes, that means the new rule would apply to services like Netflix and Spotify.
The tech giant announced the update following the conclusion of an investigation by the Japan Fair Trade Commission. Apple agreed with the commission to let reader app developers add a single link to their website, because those developers "do not offer in-app digital goods and services for purchase." The change will cover all reader apps around the world, but Apple will update its guidelines and review process first before it takes effect.
Phil Schiller, the executive in charge of overseeing the App Store, said: "We have great respect for the Japan Fair Trade Commission and appreciate the work we’ve done together, which will help developers of reader apps make it easier for users to set up and manage their apps and services, while protecting their privacy and maintaining their trust."
Netflix and Spotify have long criticized Apple for taking a 30 percent of their earnings. Spotify filed a complaint against Apple with the European Commission in 2019 over what it says are anti-competitive practices by the tech giant. Unwilling to pay a 30 percent commission, it pulled users' ability to pay for premium upgrades from the iOS app. Netflix also removed users' ability to pay for a subscription within its iOS app in 2018. 
Since the upcoming update doesn't cover games, it won't be able to put an end to Apple's courtroom battle with Epic. The gaming developer has been leading the charge against the tech giant over the past year ever since it decided to offer discounts on Fortnite's V-bucks currency and other cash purchases outside the App Store. Apple removed Fortnite from the App Store in response, and the lawsuit that resulted from that brought to light some very interesting information. Tim Cook's court testimony revealed that a lot of developers are unhappy with Apple, while court documents showed that Epic pays millions of dollars to publishers to give away their games for free on its store.
The higher-end iPhone 13 Pro and iPhone 13 Pro Max have wait times of longer than three weeks in all markets, numbers show.
Following a third consecutive day in the red and a return to sub-$40,000 for Bitcoin, a Bitcoin move back through to $43,000 levels would support the pack.
Any company that doesn't effectively lock down its data is susceptible to a data breach, and data breaches are expensive. Dealing with a data breach now costs $4.24 million on average, according to IBM's latest data breach report, with more than one-third of that cost stemming from lost business resulting from increased customer turnover, system downtown, and diminished reputation. One problem for companies looking to build a cybersecurity strategy is the sheer number of options.
In this article, we will take a look at the 12 best big tech stocks to buy right now. You can skip our detailed analysis of these stocks, and go directly to the 5 Best Big Tech Stocks to Buy Right Now. It would be an understatement to say that the technology sector is the backbone […]
These are attractive picks for retail investors looking to buy high-growth stocks with significant upside potential.
One of the biggest features of iOS 15 finally looks set to be released, according to a new Apple update. When Apple introduced the new version of the iPhone operating system in June, one of its flagship features was SharePlay, which allows people to watch films or TV shows together over FaceTime. Now Apple has pushed out iOS 15.1 as an early beta to developers.
Last week, Apple (NASDAQ: AAPL) lost a court case to Fortnite creator Epic Games and was ordered to allow developers to send their app's users to outside payment systems. Opening Apple's ecosystem up to third-party payment options translates to freeing users from paying Apple 15% to 30% commission fees. This turn of events threaten the revenue Apple gains by charging fees to app developers and therefore, it could be a game changer for companies like Spotify (NYSE: SPOT). The Bigger Picture While
New Street Research analyst Pierre Ferragu says the Street is expecting too many Apple iPhone upgrades.
The technology sector is composed of businesses that sell goods and services in electronics, software, computers, artificial intelligence (AI), and other industries related to information technology (IT). The sector includes companies with the largest market capitalizations in the world, such as Apple Inc. (AAPL), Microsoft Corp. (MSFT), and Inc. (AMZN). Tech stocks, represented by the Technology Select Sector SPDR Fund (XLK), have outperformed the broader market over the past year.
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Bitcoin received support near $40,000 and is moving towards the resistance level at $44,000.
HP has unveiled its latest all-in-one (AIO) PC with a bigger and wider screen, smaller bezels and the latest components from Intel and NVIDIA.
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Verizon, AT&T, Best Buy, and more are pushing hard for customers to upgrade.
A digital wallet has many benefits outside of condensing physical cards and offering a seamless and secure payment option. Here are some of the other joys.
The new iPad Mini that Apple announced last week has all the hardware needed to be a cheaper alternative to the iPhone, with a larger screen to boot. There's just one thing disqualifying it from the role: Apple makes it hard for you to take traditional calls or dial out.Get market news worthy of your time with Axios Markets. Subscribe for free.Why it matters: A lot of users want to get into Apple's world without paying the high entry cost of a new iPhone. The big picture: The idea of using a tab
HP is again using OLED displays for its latest Spectre x360 2-in-1 laptops, but this time, you get a bit more screen for your money.