Tech giant Apple also plans to create a $100 million fund for small developers and will release an annual transparency report on the app review process.
Tech giant Apple will pay $100 million and has agreed to make several changes to the App Store to settle a class-action lawsuit brought against the company by developers in the US. Under the terms of the deal, Apple will allow developers to use communication methods, such as email, to inform customers about payment methods available outside of the iOS app, and it will expand the price points that developers provide for apps, in-app shopping, and memberships. can present for.
As reported by MacRumors, the tech giant also plans to create a $100 million fund for small developers and will release an annual transparency report on the app review process. The company said that the terms of the agreement will help make the App Store a better commercial opportunity for developers, while maintaining the secure and trustworthy marketplace users love.
Apple Fellow Phil Schiller said, “From the beginning, the App Store has been an economic miracle. It is the most secure and most trusted place for users to get apps and a great commercial opportunity for developers to innovate and grow. Schiller said, “We would like to thank the developers who worked with us to reach these agreements in support of the App Store’s goals and for the benefit of all of our users.”
Many changes will be made in the App Store
According to the blogpost, in confirmation of the success of the App Store Small Business Program, Apple and the developers agreed to maintain the program in its current structure for at least the next three years.
Businesses earning less than $1 million annually will continue to benefit from low commissions, while larger developers pay the App Store’s standard commission on app purchases and in-app payments. The company will increase the number of price points available for developers for subscriptions, in-app purchases and paid apps from less than 100 to more than 500. Developers will continue to set their own prices.
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