Apple to reduce app store commission for small developers

Apple Inc. said Wednesday that it will reduce the standard commission from 30 percent to 15 percent for small-sized app developers at its app store starting next year.

Apple currently takes a 30-percent cut of the developers' revenue when iPhone or iPad users make purchases. Virtually all in-app purchases are subject to the fees.

According to a new program to be adopted on Jan. 1 next year, Apple will only charge a 15-percent fee on app developers with annual revenue less than $1 million in 2020.   

App developers with annual revenue of more than $1 million will still have pay the current 30-percent commission.

Apple said the program is aimed at helping small business owners that have been dealt a serious blow amid the coronavirus pandemic. (Yonhap)