Apple revamps App Store with new revenue plan, ads

AFP, SAN FRANCISCO:  Apple said Wednesday it was revamping its App Store with a new revenue-sharing model for app developers and, for the first time, search-related advertising.
The move comes with Apple seeking to boost its revenue from services amid what appears to be a plateauing of sales of iPhones and a slowdown in the table market.
In a significant shift in its revenue model, Apple said it would reduce its share to 15 per cent from 30 per cent for auto-renewed paid apps after the first year.
While Apple will be cutting its longstanding share of 30 percent, the move appears to encourage developers to introduce paid models with the new auto-renew feature.
“Apps in all App Store categories will soon be eligible to offer auto-renewable subscriptions,” said a statement on the App Store website.

Apple revamps App Store with new revenue plan, ads

AFP, SAN FRANCISCO: Apple said Wednesday it was revamping its App Store with a new revenue-sharing model for app developers and, for the first time, search-related advertising. The move comes with Apple seeking to boost its revenue from services amid what appears to be a plateauing of sales of iPhones and a slowdown in the table market. In a significant shift in its revenue model, Apple said it would reduce its share to 15 per cent from 30 per cent for auto-renewed paid apps after the first year. While Apple will be cutting its longstanding share of 30 percent, the move appears to encourage developers to introduce paid models with the new auto-renew feature. Apps in all App Store categories will soon be eligible to offer auto-renewable subscriptions, said a statement on the App Store website.