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Apple (AAPL.US) Slips 2.4% Pre-Mkt as CN Reportedly Weighing Probe into App Store Fees
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China's antitrust regulator is initiating preliminary work to investigate Apple (AAPL.US)'s policies and its charges to app developers, according to Bloomberg. The report cited sources as saying that China's State Administration for Market Regulation (SAMR) is reviewing Apple's policies, including charging up to a 30% commission on in-app purchases and prohibiting external payment services and stores. Officials from the SAMR have been in talks with Apple executives and app developers since last year. The sources added that the government may launch a formal investigation if Apple refuses to make changes. These discussions, as pointed out by the report, stem from long-standing disputes between Apple and developers such as TENCENT (00700.HK) and ByteDance over iOS store policies, which are also a source of disputes between Apple and other watchdogs worldwide. Apple (AAPL.US) last printed at US$227.2 in pre-market trading, down 2.4%. AAStocks Financial News |
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