Apple will now reduce its commission fees for some of the companies involved in its App Store Small Business Program, which was initially launched last November.
Now Apple Store Small Business users who earn less than $1 million a year will be able to pay only 50 percent of fees from the App store. Typically the App Store requires developers to pay 30 percent of commission on sales and purchases made in applications, Apple has now reduced this amount to 15 percent.
Apple originally began accepting organizations into the App Store Small Business Program in December, with a scheduled launch taking place on January 1, 2021. However Apple has started the program early, and reduced commission fees are currently available.
Reduced App Commission Fees
Apple Cut Commission Fees for App Store Small Business Program Members
Trend Themes
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3. Early Program Launch - Apple's early launch of the App Store Small Business Program signifies an opportunity for developers to start benefiting from reduced commission fees sooner and potentially scale their businesses faster.
Industry Implications
1. Mobile App Development - Reduced commission fees in the App Store Small Business Program open up new possibilities for mobile app developers to grow their businesses and generate higher revenues.
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3. Digital Marketplaces - The reduction in commission fees through the App Store Small Business Program reflects a larger trend in digital marketplaces, where platforms are incentivizing smaller businesses to thrive and disrupt traditional business models.