β#ForexChief #Apple #forexnews #AppStore #AAPL #worldnews #stockβ
π± Incredible, but it happened! Apple has shared its profit!β
π The pressure on large corporations by state regulators is bearing fruit. Apple has decided to exempt streaming platforms from fees: the App Store has become more democratic for some types of mobile applications.
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On September 1, Apple officially allowed apps that provide users with a content subscription system to post links to their sites. Now it will be possible to make payments not only in the application but also on the official online resource of the company. This will free developers from having to pay Apple a 15-30% commission on every App Store purchase. The new rules will take effect from 01/01/2022 for all countries, without restrictions.
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Such a change in App Store policy is a compulsory measure. While in the United States there is only a bill prohibiting app stores from forcing developers to pay through proprietary billing systems, regulators in Japan and South Korea immediately called this behavior a violation of the laws of fair competition. So, Apple decided to adjust the trading conditions so that the Japan Fair Trade Commission would end the antitrust investigation.
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This situation has already positively affected not only AAPL but also the shares of Spotify, Netflix, and Match Group, as investors reacted to the short-term victory in the competition.
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Profits to yβall!