Apple’s App Store Just Lost Billions No More 30% Fees
AI Summary
Summary of Video: Apple App Store Lawsuit Outcome
- Major Update: The Apple App Store has lost a significant lawsuit that allows developers to include external links to bypass Apple’s payment system.
- Impact on Developers:
- Apple will no longer take a 30% cut from sales.
- Developers can now direct users from their apps to websites, blogs, Amazon stores, etc.
- Opportunities: This change opens up vast opportunities for developers, especially in the booming AI and no-code sectors.
- Historical Significance: This is considered one of the biggest updates in Apple’s history, comparable to the launch of the App Store itself.
- Market Reaction: Following the news, Apple’s stocks dropped nearly 4% in after-hours trading.