Apple Starts Charging Reduced App Store Commission From Some Developers

Apple appears to have started rolling out its reduced App Store commission for some developers. Last month, the Cupertino company announced the App Store Small Business Programme to cut its App Store commission from the existing 30 percent to 15 percent. The programme was planned to be available on January 1, 2021. However, some developers have now reported on social media that the reduced commission rate is now live for their App Store Connect accounts. The initiative is notably not meant for all Apple developers and is limited to the ones who earn up to $1 million (roughly Rs. 7.4 crores) in annual sales per year from all their apps.

As spotted by Apple Insider, developers including Jacob Gorban of Winnipeg-based software firm Apparent Software have started reporting a 15-percent dip in Apple’s App Store commission. Some other developers have also reported an identical change.

“The change in rate of proceeds to 15 percent seems to be active already,” tweeted Rajkot-based developer Aditya Rajveer of music app Marvis. “I’m seeing proceeds of $5.09 for $5.99 in the United States.”

Apple’s move with early rollout of the reduced commission rate has been welcomed by many app developers. “I’d say it was really a great surprise that Apple didn’t wait for January 1 to reduce the commissions, they wanted to provide it as a Christmas gift to us. The reduced commission helps a ton,” Rajveer told Gadgets 360.

It is important to highlight that the App Store Small Business Programme is limited to the existing developers who made up to $1 million in 2020 for all their apps and the developers new to the App Store. The company stated in its announcement in November that developers would be required to enrol for the initiative to stand eligible for the reduced cut.

Comments

Post a Comment

Popular posts from this blog

Top features why a dedicated WordPress hosting is best for your website

Dedicated servers are often looked upon as over-expensive web hosting solutions. You may consider them an overkill for your business, but there is no denying the fact that they are the best hosting solution out there. Today, we will tell you some features of a dedicated WordPresshosting that makesit the best for your business. Reliability This is the key factor why most businesses choose a dedicated WordPress server hosting to host their website. A dedicated WordPress hosting server is administered and maintained by a team of professionals who provide online support and work towards optimising the performance of the server. Unlike shared and VPS hosting plans which give you access to limited resources, dedicated server hosting provides a good hosting support. This in turn increases the reliability. Scalability Every business aims to grow their customer base and increase revenues. However, with the limited resources provided by theshared hosting, it can be challenging to handle the high
Read more

Elon Musk's "Use Signal" Post Spurred Massive Rally For The Wrong One

A two-word app recommendation from Elon Musk has turned into a massive rally in the shares of a tiny medical device company in another case of mistaken identity. “Use Signal,” the Tesla Inc. chief executive officer wrote on Twitter on Jan. 7, apparently referring to the encrypted messaging service. By the end of the day, Signal Advance Inc. shares had surged more than sixfold. That was enough to push Signal Advance’s rally more than 5,100% in three trading days giving it a market valuation of $390 million. Despite reports about the confusion on Friday, the stock has continued to rally. Shares of the Rosharon, Texas-based company surged as much as 885% on Monday before paring the gains. “We strongly recommend people do their due diligence and always invest with care,” the company’s chief executive officer, Dr. Chris Hymel, said when reached by phone on Monday. Signal Advance doesn’t have an association with Musk or the Signal app, he said. Signal Advance hasn’t filed an annual report wi
Read more

RBI Policy: MPC may keep policy rate unchanged at 6%; owl may sound hawkish

N- Urjit Patel, Governor of the Reserve Bank of India (RBI), and his five colleagues on the Monetary Policy Committee will not find it too hard to keep the key policy interest rate unchanged at the upcoming policy review on February 7. The 2-day deliberations on February 6 and 7 by the MPC on the repo rate decision are expected to remain tilted towards a pause mode, keeping the near term outlook hawkish. However, they may raise rates later given the risks of higher inflation with fiscal slippages and higher food prices with the government planning to increase the Minimum Support Price (MSP). In the Budget last week, the government promised to ensure MSP of key crops at 1.5 times the cost of production. This could mean at least a 50-70-basis-points increase in the headline inflation number. While banks and bond markets have already signaled the end of the interest rate easing cycle, the MPC may keep the repo rate unchanged at 6 percent. Inflation risks Although, experts suggest the infl
Read more