App Store

After Apple Inc. (NASDAQ: AAPL) said it will allow app developers such as Netflix Inc. (NASDAQ: NFLX) and Spotify Technology S.A. (NYSE: SPOT) to process payments outside its App Store, Loup Ventures analyst Gene Munster waded into the debate on whether Apple users will continue to transact in...

Apple Inc (NASDAQ: AAPL) said Wednesday it would allow the likes of Spotify Technology S.A. (NYSE: SPOT), and Netflix Inc (NASDAQ: NFLX) to process payments outside its App Store, in effect, foregoing its cut. What Happened: The Tim Cook-led company will now allow music, video, and other media apps...

Apple Inc (NASDAQ: AAPL) and Alphabet Inc Class A (NASDAQ: GOOGL) (NASDAQ: GOOG) will get hit by a new law that effectively bans tech-giants from charging hefty commissions on in-app purchases in South Korea, according to The Wall Street Journal. What Happened: In a first such move by a key economy...

Apple Inc (NASDAQ: AAPL) said Thursday it would allow developers to inform users of purchase options outside of its ecosystem, a rare move from the tech giant as it faces legal and regulatory scrutiny over alleged anti-competitive behavior. The Key Changes: The Cupertino, California-based Apple...

Facebook Inc (NASDAQ: FB) shares slipped nearly 3.5% in the after-hours trading on Wednesday. What Happened: On Wednesday, the social media giant announced second-quarter earnings per share of $3.61, which beat the $3.02 estimate. The company raked in $28.5 billion of advertising revenue in Q2 and...

Apple Inc (NASDAQ: AAPL) told the developer of an application that allows users to emulate the retro Disk Operating System, or DOS, that their app would be removed from the tech giant’s marketplace for allegedly breaking guidelines. What Happened: Chaoji Li — the developer of the...

Netflix Inc.’s (NASDAQ: NFLX) much-anticipated foray into videogames likely puts the streaming giant on a collision course with tech giant Apple Inc. (NASDAQ: AAPL). What Happened: Netflix said Tuesday it will offer video games in its existing subscription plans at no additional cost and will...

Coinbase Global Inc (NASDAQ: COIN) CEO Brian Armstrong, in a blog post on Tuesday, called for the building of the “crypto app store” similar to the one created by Apple Inc (NASDAQ: AAPL). What Happened: Armstrong noted that the cryptocurrency use cases have grown, citing the...

Tech giants Apple Inc (NASDAQ: AAPL) and Google-parent Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) will face an antitrust investigation in Japan, Bloomberg News reported on Sunday — citing the Nikkei newspaper. What Happened: The antitrust panel of officials, bureaucrats and external...

Apple Inc. (NASDAQ: AAPL) would not have ended up “in the mess” it is currently in if the tech giant had implemented a 10% commission on in-app purchases, according to Silicon Valley investor Bill Gurley. What Happened: Gurley, a general partner at venture capital firm Benchmark, told...

Apple Inc. (NASDAQ: AAPL) CEO Tim Cook said that iPhone’s “set of principles” regarding safety and privacy was the reason behind the tech giant’s in-app purchase rules and the commission it received from in-app purchases is necessary to avoid “a toxic kind of mess....

Microsoft Inc (NASDAQ: MSFT) left no holds barred in relation to a trial involving Apple Inc (NASDAQ: AAPL) and “Fortnite'' maker Epic Games where the iPhone maker suggested that the latter was acting as a “stalking horse” for Microsoft, Bloomberg reported Thursday. What...

Apple Inc (NASDAQ: AAPL) is facing a class action in London for allegedly overcharging about 20 million U.K. customers ON App Store purchases, according to a Bloomberg report on Monday. What Happened: The complaint, filed before Competition Appeal Tribunal, calls for the California-based...

Apple Inc’s (NASDAQ: AAPL) internal email correspondence sheds a light on efforts it made to prevent Netflix Inc (NASDAQ: NFLX) from abandoning in-app purchases offered to its viewers, The Verge reported Wednesday. What Happened: The emails were revealed as a part of the ongoing lawsuit...