Microsoft's Xbox President Slams Apple's Latest EU App Store Rules As 'A Step In The Wrong Direction'
Portfolio Pulse from Ananya Gairola
Microsoft's Xbox President, Sarah Bond, criticized Apple's new EU App Store rules, aligning with previous disapproval from Spotify and Epic Games. Apple's policy includes a 'Core Technology Fee' for apps using third-party app stores and retains a 17% commission for third-party payment processors. The European Commission will review Apple's changes in March, while the tech community has expressed concerns over the policies' impact on competition and openness.
January 30, 2024 | 2:38 am
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NEUTRAL IMPACT
Microsoft's Xbox President criticizes Apple's new EU App Store rules, which could affect Microsoft's gaming services on iOS. The European Commission's upcoming review of the policy may impact Microsoft's strategy in the EU.
While Microsoft's criticism of Apple's policies indicates potential challenges for its gaming services, the short-term impact on the stock is likely neutral. The outcome will depend on the European Commission's response and any subsequent policy changes.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Spotify's CEO has accused Apple of 'extortion' over the new App Store tax and urged EU regulators to intervene. The outcome of the EU's review of Apple's policy could impact Spotify's operations.
Spotify's public stance against Apple's policies could influence regulatory outcomes, but the short-term impact on Spotify's stock is likely neutral until the European Commission's decision is made.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 60
NEGATIVE IMPACT
Apple faces criticism from Microsoft and others for its new EU App Store rules, including a 'Core Technology Fee' and a 17% commission on third-party payments. The European Commission's review could lead to changes in the policy.
Apple's stock may face short-term negative pressure due to the criticism from major industry players and the potential for regulatory action by the European Commission, which could force changes in their App Store policy.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90