European Union opens competition investigation into Apple's App Store

European Union opens competition investigation into Apple's App Store”

Apple Inc.'s App Store facilitated sales of $519 billion past year, underscoring the influence of the digital marketplace on the global economy, according to a study supported by the company.

Commission EVP Margrethe Vestager, in charge of competition policy, says: "Mobile payment solutions are rapidly gaining acceptance among users of mobile devices, facilitating payments both online and in physical stores".

Although the study didn't cover a time period impacted by coronavirus, Apple notes that the global health crisis has changed how people interact with their devices.

However, the company said the estimates don't include revenue from its own app subscriptions like Apple Music.

The physical goods and services purchased included $268bn of general retail goods, $57bn of travel services, $40bn in ride-hailing purchases, $31bn of food deliveries and $14bn of groceries.

One investigation centres on iPad and iPhones being limited to installing apps from Apple's own App Store, among other restrictions imposed on third-party developers.

The largest USA technology companies are being investigated by antitrust regulators, and Apple has been criticized in recent years for exerting too much power over outside developers that rely on its App Store.

More news: Cops to probe 'professional rivalry': Maharashtra Home Min on Sushant's death

There is often a lot of chatter about the 30% share that Apple gets from subscriptions and in-app purchase transactions done on the online platform, but of the $519 billion worth of business it created, Apple's combined share for the 30% cut was just %61 billion.

"We're committed to doing even more to support and nurture the global App Store community - from one-developer shops in almost every country to businesses that employ thousands of workers - as it continues to foster innovation, create jobs, and propel economic growth for the future", Cook said. Within this particular category, games was the largest generator of billings and sales.

The investigation follows complaints from music streaming service Spotify and an e-book distributor Rakuten Kobo on the impact of the App Store's rules on the competition.

The study found $45 billion (roughly Rs. 3.41 lakh crores) came from in-app advertising. The App Store launched in 2008 as a way of distributing applications and games to iPhone, and later iPad, users.

Apple is set to hold its annual Worldwide Developer Conference (WWDC) next Monday, with this year's event taking place virtually.

Apple is also under scrutiny in the USA where the House Judiciary Committee is reported to have asked for its chief executive Tim Cook to appear alongside other tech leaders to answer questions about anti-trust concerns.

The company has repeatedly said it is a "flourishing economy" that is helping millions of developers globally.

Like this



16 June 2020
How Europe is easing travel restrictions
President of the EU Commission, Ursula von jeder Leyen, mentioned she has been happy borders were reopening across Europe. Poland reopened the borders to European Union users and great britain from 13 June, whilst Sweden never ever closed.

16 June 2020
Dispatcher unafraid of being 'snitch' reports Floyd arrest
Calls from the witnesses and transcripts from the 911 dispatcher were made public from the city of Minneapolis. The dispatcher says to the supervisor, "You can call me a snitch if you want to but we have the cameras up".

16 June 2020
Goodell encourages teams to sign Kaepernick
Seattle Seahawks Coach Pete Carroll said last week that he had been contacted by a representative of another team regarding Kaepernick .

16 June 2020
Sushant Singh Rajput's sister-in-law Sudha Devi passes away in Bihar
Sushant Singh Rajput's death grabbed the maximum eyeballs, and Bollywood was seen reacting to it tremendously. It was definitely on cards and Ankita had to meet Sushant's family in their hour of grief and sorrow.

16 June 2020
China's new virus outbreak needs further testing after 'hypothesis' on cause
The US, Brazil and Russian Federation are now the hardest-hit in the world. Outbound taxi and car-hailing services have also been suspended.

16 June 2020
U.S. to allow companies to work with Huawei on 5G standards
U.S. companies are still in a position where they are uncertain as to what technology or information they are allowed to share. The US has been pressuring its allies to shut Chinese-made equipment out of their 5G networks on national security grounds.

16 June 2020
Cineplex to reopen six Alberta theatres this month
Cineworld did not specify what the breaches were, adding that a "material adverse effect" occurred with the Canadian company. Cineplex has announced plans to reopen the city's Rec Room following a three month closure caused by the COVID-19 pandemic.

16 June 2020
New Coronavirus Test Produces Result in 30 Minutes
The samples were tested using the new method as well as by conventional the current one. This article has been republished from the following materials .

16 June 2020
England's Rashford steps up campaign over free meals for children
Children eligible for free school meals have received food during the coronavirus lockdown , often in the form of vouchers to spend at supermarkets.

16 June 2020
Motorola One Fusion+ to launch today in India: Details here
There is a rear fingerprint sensor on the Motorola One Fusion + and it comes with a dedicated Google Assistant button as well. HMD Global today launched a feature phone Nokia 5310- a fresh take on the iconic Nokia 5310 Xpress-music from the past.