PanamaTimes

Monday, May 20, 2024

Apple plans to let rival app stores on iPhones in EU

Apple plans to let rival app stores on iPhones in EU

Apple Inc is preparing to allow alternative app stores on its iPhones and iPads in the European Union as soon as late next year to comply with a new European competition law it had fought, Bloomberg News reported on Tuesday, citing sources familiar with the matter.
Opening up to outside app stores could present a major threat to Apple's fast-growing services business, but rivals would first have to surmount the hurdle of convincing consumers to leave the security and simplicity of using Apple's own store.

The magnitude of consequences depends on how the U.S. company complies with additional mandates in the European law, known as the Digital Markets Act (DMA).

Microsoft, Meta, Amazon and other companies with app stores could receive boosts to sales as a result of Apple's planned change on rival storefronts.

Apple declined to comment. Meta, Amazon and Microsoft did not respond to requests for comment but a coalition of app makers said Apple must fully comply with the DMA to truly open competition.

As part of the reportedly planned change, Apple customers could ultimately install apps without using the company's App Store. But Apple has not made decisions on whether to comply with other provisions of the law, such as allowing for alternative payment systems to its own.

Permitting its payment tool to be bypassed would threaten billions of dollars in revenue Apple collects from charging a commission of up to 30% on App Store purchases.

About $10 billion worth of transactions flowed through the App Store last year, according to estimates from Sensor Tower, a mobile analytics company. At least 70% of the funds go to app makers.

Angelo Zino, a stock analyst at CFRA, said he expects under 0.2% of Apple's total sales to be affected by competing app stores in Europe.

"The ultimate impact will be minimal as most consumers are creatures of habit and are very satisfied with the platform," he said. "We expect a majority of consumers will keep the status quo by utilizing (Apple's) existing app store."

Enforcement of the European Union's DMA is expected to begin in mid-2024. The law requires big tech companies to open their systems to competitors in hopes of increasing consumer choice. The big gatekeepers, as the law describes them, face fines of up to 10% of annual global revenue for violations.

The iPhone maker has said that allowing sideloading, bypassing its App Store, exposes users to security and privacy dangers. But some regulators and critics, such as "Fortnite" maker Epic Games, have said those concerns are overblown.

Epic CEO Tim Sweeney tweeted Tuesday that U.S. Congress must pass proposed legislation similar to DMA, or it "would leave American developers in serfdom."

Alphabet’s Google has allowed sideloading on phones powered by its Android operating system for years. But to take advantage, users must adjust settings and swipe past security warnings, meaning 90% of downloads still come from Google's official app store, Epic has alleged in court.
Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
El Salvador's Bitcoin Holdings Reach $350 Million
Teens Forming Friendships with AI Chatbots
WhatsApp Rolls Out Major Redesign
Neuralink's First Brain Implant Experiences Issue
Apple Unveils New iPad Pro with M4 Chip, Misleading AI Claims
OpenAI to Announce Google Search Competitor
Apple Apologizes for Controversial iPad Pro Ad Featuring Instrument Destruction
German politician of the AFD party, Marie-Thérèse Kaiser was just convicted & fined $6,000+
Changpeng Zhao Sentenced to Four Months in Jail
Biden Administration to Relax Marijuana Regulations
101-Year-Old Woman Mistaken for a Baby by American Airlines: Comical Mix-Up during Flight Check-in
King Charles and Camilla enjoying the Inuit voice singing performance in Canada.
New Study: Vaping May Lower Fertility in Women Trying to Get Pregnant
U.S. DOJ Seeks Three-Year Sentence for Binance Founder Changpeng Zhao
Headlines - Thursday, 23 April 2024
Illinois Woman Wins $45M Lawsuit Against Johnson & Johnson and Kenvue for Mesothelioma Linked to Baby Powder
Panama's lates news for Friday, April 19
Creative menu of a Pizza restaurant..
You can be a very successful player, but a player with character is another level!
Experience the Future of Dining: My Visit to an AI-Powered Burger Joint
Stabbing rampage terror attack in Sydney, at least four people killed, early reports that a baby was among those stabbed.
Iran fired more than 300 drones and missiles at Israel overnight. Israel Reports Light Damage After Iran Launches Large Strike.
I will never get enough of his videos and the pure joy and beauty of these women!!
Scientists at the University of Maryland have developed an "invisibility cloak", for AI using adversarial patterns on a sweater, making the wearer nearly undetectable to standard object detection methods.
Lamborghini Bids Farewell to Its Best-Selling Sports Car: The Huracán
Sam Bankman-Fried Appeals 25-Year Prison Sentence for $8bn FTX Fraud
OJ Simpson, ex-NFL star who was acquitted of murder, dies aged 76
British Backpacker Imprisoned in Notorious Bolivian Prison: Family Raises Funds for Legal Fight and Essentials
Argentina: Venezuela Cuts Power to Embassy after Opposition Meeting
El Salvador Offers 5,000 Passports to Skilled Foreign Workers: Tax-Free Relocation and Citizenship
Panama Papers Trial Begins: Founders of Mossack Fonseca Face Money-Laundering Charges
75 Becomes the New 65: Retiring in Your 60s Unrealistic as Life Expectancy Increases and Costs Rise
Total Solar Eclipse of 2021: 32 Million Witness the Mystical, $1.5bn Spectacle Sweep Across North America
New shopping experience…
New world, new reality, let’s get used to it
UK Company Passes Milestone in Developing Space-Based Solar Power, Aiming to Power a Million Homes and Provide Constant Energy
Mexico Breaks Diplomatic Ties with Ecuador after Police Storm Embassy, Arrest Former Vice President
Monty Python were so ahead of their time
If there's a will, there's a way!
Rules about how to dress are important, but not so much if you have a lot of money.
Body Armor Firm Showcases Stab-Proof Vest in Demo on CEO
Mexico Cuts Diplomatic Ties with Ecuador After Embassy Stormed in Quito
Here is a tattoo idea, for engineers
Zoraya Ter Beek, a 28-year-old woman from the Netherlands, will undergo euthanasia in May due to severe mental health challenges
Here's a video featuring Fidel Castro, where he discusses his stance against war and his commitment to preserving life, positions that have put him at odds with the USA:
Woman reaches behind and steals gun from a security guard and shoots three people while getting detained in Chile
Take a walk around the safe and thriving downtown San Salvador.
Joe Biden criticised by Trump campaign for declaring Transgender Day of Visibility on Easter Sunday
Macron says France will help Brazil develop nuclear-powered submarines
A video demonstrating women's self defense class in 1930
×