Apple cuts App Store commission to 15% for small businesses

Tech giant Apple on Wednesday said it has slashed its App Store commission by half to 15 per cent for small businesses earning up to USD 1 million (about Rs 7.4 crore) per year on the platform.

In the past, tech majors Apple and Google have been criticised for the high commissions charged from app developers.

Apple, in a statement, said the new developer programme will accelerate innovation and help small businesses and independent developers propel their businesses forward with the next generation of groundbreaking apps on the App Store.

“The new App Store Small Business Programme will benefit the vast majority of developers who sell digital goods and services on the store, providing them with a reduced commission on paid apps and in-app purchases,” it added.