Last year, every time someone paid $11 for Netflix through an iPhone app, Apple pocketed as much as $3.30. Multiply that by every charge made through iPhone apps and you can see why Netflix and other companies are fed up about what they consider Apple’s unfair market power.Late last year, Netflix rebelled against Apple’s fees, which can range from 15% to 30%. Analysts fear other companies may follow. And attorneys representing consumers in a pending Supreme Court case charge that Apple is an unfair monopolist in the market for iPhone apps. An adverse decision in that case could open a legal door that might eventually force Apple to cut its generous commissions.That could spell more bad news for Apple, which is already reeling from a slump in iPhone sales that has knocked down its shares by 25%. The company has been positioning its booming digital-services business as its new profit engine. That plan could hit a snag if the app store takes a hit, since it currently generates about a third of the company’s services revenue.Investors are now hanging onto Apple services as a “life preserver in the choppy seas” just as it’s about to float… Read full this story
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