Apple may reduce its cut of app store revenue for some developers
Apple will begin taking a smaller cut of application revenue from some developers on its App Store, according to a report Friday from the Financial Times.
Since the App Store opened in 2008, one of the costs of being an iOS developer has been handing over to Apple 30 percent of an app’s revenue. But the company is now working with media companies including Spotify, Netflix and Time Inc. to give them a larger cut of the sales from their apps, the FT said, citing unnamed sources.
It’s unclear what the new revenue split will be, or which companies will be eligible for it, but it marks a departure from the plan Steve Jobs announced when the store first launched.
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