Apple Inc on Thursday said it had reached a proposed settlement on a class-action lawsuit brought by small developers on its App Store and would make changes to its business as a result.
A group of software developers brought the lawsuit in 2019 https://www.reuters.com/article/cbusiness-us-apple-antitrust-idCAKCN1T5249-OCABS, alleging that Apple broke antitrust laws with practices such as charging commissions of up to 30per cent. The company said it has reached a proposed settlement that covers developers who made US$1 million a year or less under which the developers release all claims that Apple's commissions were too high.
In exchange, Apple said it will make a number of changes to the App Store, including preserving a change made last year that lowers commissions for smaller developers to 15per cent.
Source: News Formal (newsformal.com)
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