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2021-09-03

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Why Apple Had To Make Another App Store Concession, And Could Face More

Facing antitrust scrutiny worldwide related to its App Store business practices, Apple(AAPL) has mad

Why Apple Had To Make Another App Store Concession, And Could Face More

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Meanwhile, it faces a new antitrust probe in India. Apple stock rose on Thursday.</p>\n<p>The Cupertino, Calif.-based company announced late Wednesday that it has settled an investigation by the Japan Fair Trade Commission. As part ofthe settlement, Apple agreed to allow developers of so-called \"reader\" apps to include an in-app link to their website for users to set up or manage an account. That will give those developers a chance to avoid paying Apple's commission fees. The change will take effect early next year.</p>\n<p>While the agreement was made with Japanese regulators, Apple will apply the change globally to all such media-consumption apps on the App Store. \"Reader\" apps provide previously purchased content or content subscriptions for digital magazines, newspapers, books, audio, music and video. The changes will affect companies such as&nbsp;<b>Netflix</b>(NFLX),&nbsp;<b>Spotify Technology</b>(SPOT) and others.</p>\n<p>Apple said it will still require the use of its payment system for in-app purchases of digital goods and services.</p>\n<p><b>Apple Stock In Record High Territory</b></p>\n<p>On thestock market today, Apple stock climbed 0.8% to close at 153.65. Apple stock hit an all-time high 154.98 on Wednesday.</p>\n<p>CFRA Research analyst Angelo Zino said the change will not have a notable impact on Apple's services business but should put the company in a better light with regulators. The change only pertains to reader apps not video games, which are the biggest revenue generator for the App Store, he said.</p>\n<p>\"We estimate that reader apps make up less than 20% of the company's App Store business so any potential change in consumer behavior won't be material,\" Zino said in a note to clients. \"The bigger concern is if commission fees will be reduced for gaming purchases.\"</p>\n<p>Zino rates Apple stock as buy with a price target of 160.</p>\n<p><b>Earlier App Store Changes</b></p>\n<p>Apple's App Store change for reader apps follows several other App Store changes announced last week in response to legal challenges.</p>\n<p>On Aug. 26, Apple proposed several App Store changes to settle a2019 federal class-action lawsuitbrought by U.S. developers. Apple said it would give developers access to customer email addresses so they could inform them about alternatives to Apple's payment system. However, developers still wouldn't be able to promote alternative payment systems inside the apps.</p>\n<p>Apple also launched theNews Partner Programto support local journalism and help news organizations on the App Store.</p>\n<p><b>Challenges In India, South Korea</b></p>\n<p>Meanwhile,legislators in South Koreaon Tuesday approved a bill that would require Apple and<b>Alphabet</b>'s (GOOGL) Google to open their app stores to alternative payment systems.</p>\n<p>And on Thursday,Reuters reportedthat Apple is facing an antitrust challenge in India. A complaint filed with Competition Commission of India accuses Apple of abusing its dominant position in the apps market by forcing developers to use its proprietary in-app purchase system. In that system, Apple charges a commission of up to 30%.</p>\n<p>Apple also is facing App Store antitrust action in the U.S. and the European Union.</p>\n<p>\"Regulators continue to explore options for reining in what many see as an unhealthy monopoly on App Store payments, but the bottom-line impact of allowing third-party payments remains unclear,\" Evercore ISI analyst Amit Daryanani said in a note to clients Thursday. He reiterated his outperform rating on Apple stock with a price target of 180.</p>\n<p><img src=\"https://static.tigerbbs.com/598914d86c6c22261d5c34fbe889796d\" tg-width=\"816\" tg-height=\"420\" width=\"100%\" height=\"auto\"></p>","source":"lsy1610449120050","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Apple Had To Make Another App Store Concession, And Could Face More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Apple Had To Make Another App Store Concession, And Could Face More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-03 15:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/technology/apple-stock-apple-settles-app-store-dispute-in-japan/?src=A00220><strong>Investors</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Facing antitrust scrutiny worldwide related to its App Store business practices, Apple(AAPL) has made a major change to its policies to settle a case in Japan. Meanwhile, it faces a new antitrust ...</p>\n\n<a href=\"https://www.investors.com/news/technology/apple-stock-apple-settles-app-store-dispute-in-japan/?src=A00220\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.investors.com/news/technology/apple-stock-apple-settles-app-store-dispute-in-japan/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171410675","content_text":"Facing antitrust scrutiny worldwide related to its App Store business practices, Apple(AAPL) has made a major change to its policies to settle a case in Japan. Meanwhile, it faces a new antitrust probe in India. Apple stock rose on Thursday.\nThe Cupertino, Calif.-based company announced late Wednesday that it has settled an investigation by the Japan Fair Trade Commission. As part ofthe settlement, Apple agreed to allow developers of so-called \"reader\" apps to include an in-app link to their website for users to set up or manage an account. That will give those developers a chance to avoid paying Apple's commission fees. The change will take effect early next year.\nWhile the agreement was made with Japanese regulators, Apple will apply the change globally to all such media-consumption apps on the App Store. \"Reader\" apps provide previously purchased content or content subscriptions for digital magazines, newspapers, books, audio, music and video. The changes will affect companies such as Netflix(NFLX), Spotify Technology(SPOT) and others.\nApple said it will still require the use of its payment system for in-app purchases of digital goods and services.\nApple Stock In Record High Territory\nOn thestock market today, Apple stock climbed 0.8% to close at 153.65. Apple stock hit an all-time high 154.98 on Wednesday.\nCFRA Research analyst Angelo Zino said the change will not have a notable impact on Apple's services business but should put the company in a better light with regulators. The change only pertains to reader apps not video games, which are the biggest revenue generator for the App Store, he said.\n\"We estimate that reader apps make up less than 20% of the company's App Store business so any potential change in consumer behavior won't be material,\" Zino said in a note to clients. \"The bigger concern is if commission fees will be reduced for gaming purchases.\"\nZino rates Apple stock as buy with a price target of 160.\nEarlier App Store Changes\nApple's App Store change for reader apps follows several other App Store changes announced last week in response to legal challenges.\nOn Aug. 26, Apple proposed several App Store changes to settle a2019 federal class-action lawsuitbrought by U.S. developers. Apple said it would give developers access to customer email addresses so they could inform them about alternatives to Apple's payment system. However, developers still wouldn't be able to promote alternative payment systems inside the apps.\nApple also launched theNews Partner Programto support local journalism and help news organizations on the App Store.\nChallenges In India, South Korea\nMeanwhile,legislators in South Koreaon Tuesday approved a bill that would require Apple andAlphabet's (GOOGL) Google to open their app stores to alternative payment systems.\nAnd on Thursday,Reuters reportedthat Apple is facing an antitrust challenge in India. A complaint filed with Competition Commission of India accuses Apple of abusing its dominant position in the apps market by forcing developers to use its proprietary in-app purchase system. In that system, Apple charges a commission of up to 30%.\nApple also is facing App Store antitrust action in the U.S. and the European Union.\n\"Regulators continue to explore options for reining in what many see as an unhealthy monopoly on App Store payments, but the bottom-line impact of allowing third-party payments remains unclear,\" Evercore ISI analyst Amit Daryanani said in a note to clients Thursday. He reiterated his outperform rating on Apple stock with a price target of 180.","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["HOPE"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":39,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

Why Apple Had To Make Another App Store Concession, And Could Face More

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