Epic Games CEO Heads To District Court, Contesting Apple's 'Bad Faith' Compliance Plan After Supreme Court Ruling
Portfolio Pulse from Ananya Gairola
Epic Games CEO Tim Sweeney plans to challenge Apple Inc.'s compliance plan following a Supreme Court ruling that requires Apple to allow alternative payment options in its App Store. Apple's new policy allows for alternative payment links but still requires in-app purchases through the App Store, with a commission of 27% for alternative platform purchases, slightly reduced from the previous 30%. Sweeney criticizes the policy as 'anticompetitive,' particularly the requirement for a generic browser session for purchases and the use of a 'scare screen' to deter users from alternative platforms.
January 17, 2024 | 2:27 am
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Apple Inc.'s new App Store policy following a Supreme Court ruling is being challenged by Epic Games CEO for being 'anticompetitive'. The policy includes a 27% commission on alternative payment purchases and requires developers to still offer in-app purchases through Apple's system.
The challenge by Epic Games' CEO to Apple's compliance plan could lead to negative sentiment among developers and users, potentially affecting Apple's reputation and revenue from the App Store. The criticism of the new commission structure and the requirement for in-app purchases could lead to legal disputes and pressure to further alter Apple's App Store policies, which may impact the company's stock price in the short term.
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