ADVERTISEMENT
The 30 Percent App Fees Are Too Damn High
Big companies including Epic Games and Netflix are rising up against Apple’s commissions.
08 Jan 2019, 09:25 AM IST
(Bloomberg Businessweek) -- Some fees are hard-wired into our life. People tip 15 percent to 20 percent at U.S. restaurants. Hedge funds have long charged a 2 percent management fee plus 20 percent of investment gains. And Apple Inc. and Alphabet Inc. take a 30 percent cut when someone buys a virtual lollipop hammer in Candy Crush or signs up for an online HBO subscription through their smartphone app stores.
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT