Connect with us

Hi, what are you looking for?

Metaverse CapitalistsMetaverse Capitalists

Business

Apple face $1bn lawsuit as UK app developers join forces against ‘excessive’ charges

Apple is being sued for £1bn (£785m) by UK app developers over its App Store fees.

Professor Sean Ennis, from the University of East Anglia Centre for Competition Policy, is bringing the class action lawsuit on behalf of 1,566 app creators because of the tech giant’s “excessive” charges.

Some app makers are charged 15% to 30% by Apple in commission when using its in-app payment system – a procedure that has been criticised by antitrust regulators in several countries.

Professor Ennis said: “Apple’s charges to app developers are excessive, and only possible due to its monopoly on the distribution of apps onto iPhones and iPads.

“The charges are unfair in their own right, and constitute abusive pricing. They harm app developers and also app buyers.”

Apple previously said 85% of developers on the App Store do not pay any commission and that it helps European developers to access markets and customers in 175 countries around the world through the App Store.

Apple’s services business, including Apple Pay, Apple Arcade and the App Store, are escalating its growth with revenues at around $80bn (£62bn) per year.

In November, the UK Competition and Market Authority (CMA) launched a probe into the dominance of Apple and Google’s mobile browsers in the cloud market.

Read more:
Apple face $1bn lawsuit as UK app developers join forces against ‘excessive’ charges

    You May Also Like

    Stocks

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Business

    In the UK, the care sector is under incredible strain, it’s good to know there are people working hard to address the issue. One...

    Business

    With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...

    Politics

    On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027,...

    Dislaimer: pinnacleofinvestment.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 metaversecapitalists.com | All Rights Reserved