Apple Will Reduce App Store Commission For Developers

 Apple has decided to cut the commission they take from smaller developers. The company will cut their commission percentage from 30% to 15%.

The will go into effect on January 1, 2021. Only developers that made up to $1 million in revenue over the past year will get the commission percentage cut to 15%. If you make over $1 million your commission percentage will remain at 30%.

"Small businesses are the backbone of our global economy and the beating heart of innovation and opportunity in communities around the world. We’re launching this program to help small business owners write the next chapter of creativity and prosperity on the App Store, and to build the kind of quality apps our customers love. The App Store has been an engine of economic growth like none other, creating millions of new jobs and a pathway to entrepreneurship accessible to anyone with a great idea. Our new program carries that progress forward helping developers fund their small businesses, take risks on new ideas, expand their teams, and continue to make apps that enrich people’s lives." Tim Cook, Apple CEO