Apple (AAPL) Stock Cuts EU App Store Fees After Commission Dispute Ends

TLDR

• Apple has resolved its App Store fee dispute with the European Commission and rolled out new terms effective October 1.
• The Core Technology Fee (per-install) is being replaced by a 5% Core Technology Commission on digital transactions outside the App Store.
• Standard App Store in-app purchase commission drops from 30% to 26%, with 15% for qualifying smaller developers.
• Alternative payment processing apps will pay a 20% commission, and apps linking out to complete purchases will pay 15%.
• Epic Games says Apple’s proposed 15% link-out fee is still too high and plans to file opposition within 60 days.

Apple has settled its long-running dispute with the European Commission over App Store fees, announcing a new set of terms that kick in across the EU on October 1.

Apple has agreed to a set of sweeping changes for its App Store in Europe, including dropping per-install fees for developers who don’t use the iPhone marketplace, to resolve a dispute with the European Union over competition concerns https://t.co/wWI14Cx6cp

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