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Technology Stocks :, Inc. (AMZN)
AMZN 3,372+2.2%Apr 9 4:00 PM EDT

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Glenn Petersen
The Ox
From: Sr K9/26/2020 11:35:11 AM
2 Recommendations   of 164212

Everybody Vs. the App Store: Why Companies Are Taking Issue With Apple’s Growing Revenue Engine

Critics say Apple wields monopoly power over the gateway that connects users to mobile apps, which the tech giant disputes

Sept. 26, 2020 10:16 am ET

Amazon successfully fought the App Store in 2016 striking a deal that sets a 15% commission on subscription sales to Amazon Prime Video and not the 30% fee that all other apps are required to pay on first-year digital-subscription sales. In April, Amazon began using its own payment system to fulfill Prime Video purchases through its app with Apple’s blessing. Apple has said that is because Amazon is in a program for “premium subscription video entertainment providers,” which permits members to use the payment method tied to customers’ existing video subscriptions.
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