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What will be the financial impact on Apple due to enforcement of app store fee compliance by Q1 2025?
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Story
Apple Pressures Tencent and ByteDance to Close App Store Fee Loopholes
Aug 2, 2024, 04:59 AM
Apple is increasing pressure on Tencent and ByteDance to implement significant changes to some of China's most popular apps. The tech giant is demanding that these companies close loopholes used by in-app creators to direct users to external payment systems, which bypass Apple's standard 30% commission on in-app purchases. Sources say this move, initiated in recent months, aims to ensure compliance with Apple's App Store policies and maintain its revenue from app transactions.
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