Critics Slam Apple As 'Enemy Number 1' For Alienating Developers With Steep 27% App Store Commission
Portfolio Pulse from Rounak Jain
Apple Inc. has implemented a 27% commission fee on sales from links clicked in iOS apps, drawing criticism from developers and Ark Invest analyst Andrew Kim. This move, following a partial victory against Epic Games in an antitrust lawsuit, is seen as potentially alienating developers and undermining the court's order, according to Epic Games CEO Tim Sweeney. Critics, including Ruby on Rails creator David Heinemeier Hansson, have labeled Apple as 'Enemy Number 1' for developers, comparing its tactics to past Microsoft practices.
January 23, 2024 | 11:10 am
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Apple's new 27% commission on web purchases linked from iOS apps has been met with criticism from developers and analysts, suggesting potential negative sentiment among the developer community and possible legal challenges from Epic Games.
The introduction of a 27% commission by Apple is likely to create negative sentiment among developers and could lead to further legal challenges, as indicated by Epic Games' CEO. This may result in a short-term negative impact on Apple's stock price due to potential concerns over the company's relationship with its developer community and the broader implications for its App Store business model.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100