Apple (AAPL) is coming under fire from Meta (META) and Microsoft (MSFT) who claim Apple’s plans to open up its mobile software to comply with the E.U.’s Digital Markets Act do not go far enough, Michael Acton of The Financial Times reports. Apple announced last month it will make changes to the iOS mobile software in Europe to allow users to download apps from other sources and access alternative payment systems. However, Apple plans to add additional charges, such as an additional 3% fee to app developers using its payment processor and a “core technology fee” of 50c for every download or update to apps with more than 1M downloads on alternative app stores.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AAPL:
- Apple (NASDAQ:AAPL) Up Fractionally despite Rising Vision Pro Returns
- Apple changes leadership of team responsible for audio features, Bloomberg says
- Supreme Court denies VirnetX, won’t hear appeal of Apple patent verdict win
- Apple, Tesla downgraded: Wall Street’s top analyst calls
- VirnetX rejected by Supreme Court, Apple escapes $503M verdict, Bloomberg says