Apple Finally Gives In, Allows Spotify To Show Alternative Pricing On Its Outside Of App Store
Portfolio Pulse from Benzinga Neuro
Apple has allowed Spotify to display its pricing information on its iOS app in the EU, following a previous rejection. This move comes after Apple was fined by the EU for anti-competitive practices. Spotify's updated app will not provide an external link for purchases to avoid paying Apple commissions.
August 14, 2024 | 2:41 pm
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Apple has allowed Spotify to display pricing information on its iOS app in the EU, following a previous rejection. This decision comes after Apple was fined by the EU for anti-competitive practices.
Apple's decision to allow Spotify to display pricing information is a response to regulatory pressure and fines from the EU. While this may improve Apple's compliance image, it is unlikely to have a significant short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Spotify will now display pricing information on its iOS app in the EU, following Apple's approval. This move is part of Spotify's ongoing efforts to compete with Apple and other music streaming services.
Spotify's ability to display pricing information on its iOS app in the EU is a positive development, potentially attracting more subscribers and improving its competitive position. This could have a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90