Ivan Mehta reports via TechCrunch: Nearly a week after Apple announced major changes to the App Store under the European Union's Digital Markets Act (DMA) rules, the company said the market accounts for 7% of its global App Store revenue. announced. Luca Maestri, the company's chief financial officer, said the financial impact of these changes will depend on whether developers adopt a different system. “A lot will depend on the choices you make,” he said in response to an analyst question. applied to the market.”
Because of DMA, Apple must allow alternative app stores and allow developers to use third-party payment processors. The company plans to charge a core technology fee if an app exceeds 1 million downloads annually across various app stores. Amid these changes, Apple noted a record quarter of App Store revenue. The company's overall services revenue was $23.1 billion, up 11% year over year. Apple went on to defend its App Store and its fee ecosystem, saying it offers the best privacy and security. CEO Tim Cook stressed that these changes will prevent the company from providing the best experience for users.
“If you think about what we've done over the years, we've really focused on privacy, security, and ease of use. And we've moved closer to the past in things like: We want people to love our ecosystem as much as possible, but we have to comply with regulations so we can't reach the maximum amount we can supply. “Sho,” he said.
