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Apple's Tim Cook says 'threat profile' of iPhone warrants App Store rules

Apple s Tim Cook says threat profile of iPhone warrants App Store rules
The testimony constitutes Cook s most extensive public remarks on the App Store, which anchors Apple s $53.8 billion services business
Reuters | May 22, 2021 | Updated 08:44 IST
Apple Chief Executive Officer Tim Cook
Apple Inc Chief Executive Tim Cook on Friday told a court that threats to iPhone security and privacy required tight control of the App Store, which Fortnite game maker Epic Games says is a monopoly that Apple illegally abuses.
The testimony constitutes Cook s most extensive public remarks on the App Store, which anchors Apple s $53.8 billion services business, at a time when the company that once urged the world to think different is criticized as too big and too powerful. ....

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Tim Cook defends App store in Apple-Epic trial- Business News

Tim Cook defends App store in Apple-Epic trial
Apple fiercely defends the commissions as a fair way for app makers to help pay for innovations and security controls that have benefited both iPhone users and app developers, including Epic
Associated Press | May 21, 2021 | Updated 13:49 IST
Apple Chief Executive Officer Tim Cook
Apple Inc. s Chief Executive Officer Tim Cook will take the witness stand Friday to defend the company s iPhone App Store against charges that it has grown into an illegal monopoly-one far more profitable than his predecessor Steve Jobs envisioned when it opened up 13 years ago.
The technology company is counting on Cook s appearance to put the finishing touches on Apple s defense against an antitrust case brought by Epic Games Inc., maker of the popular video game Fortnite. ....

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Apple made over $100 million in commissions from Fortnite, company executive reveals at trial

Apple made over $100 million in commissions from Fortnite, company executive reveals at trial
Apple made over $100 million in commissions from Fortnite, company executive reveals at trial
Michael Schmid, Apple s head of game business development for the App Store, received more than $100 million in commissions from Epic Games Fortnite during the two years the online game was listed on the App Store.
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(Picture: Reuters)
HIGHLIGHTS
Apple made more than $100 million in commissions from Epic Games Fortnite during the two years.
Apple’s App Store editorial team spent $1 million for Fortnight s marketing, an executive revealed.
Apple had previously revealed that Epic earned $700 million from the iOS version of Fortnite. ....

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