E45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan

TL;DR

Apple has decided to allow media apps to create in-app links to sign-up pages on their own websites, providing users with the ability to bypass Apple's subscription fees.

Transcript

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Key Insights

• 😀 Apple has faced significant backlash from media companies over its 30% commission on in-app purchases and subscriptions.
• 😀 The company's decision to allow media apps to link to external sign-up pages is a response to legal challenges and industry pressure.
• 😀 This change may open the door for further challenges to Apple's commission structure and could have broader implications for the app industry as a whole.

Questions & Answers

Q: Why did Apple change its policy on in-app subscriptions?

Apple faced criticism and legal challenges from media companies who argued that the 30% cut they took on in-app purchases and subscriptions was unfair. This change allows Apple to avoid further legal action and appease media companies.

Q: What does this change mean for media companies?

Media companies are now able to redirect users to their own sign-up pages, enabling them to avoid Apple's commission fees. This gives them more control over their subscriptions and revenue.

Q: Will this change impact Apple's revenue?

While it may have a small impact on Apple's revenue, in-app subscriptions are only one aspect of Apple's business. The company still earns substantial revenue from other sources, such as device sales and the App Store.

Q: Will this change extend to other types of apps or industries?

Currently, this change only applies to media apps, known as "reader apps." However, it may set a precedent for other industries and app categories to push for similar concessions from Apple in the future.

Summary & Key Takeaways

• Apple has faced backlash from media companies, such as Spotify and Netflix, over the 30% cut it takes from in-app purchases and subscriptions.

• In response to pressure and legal challenges, Apple has made a small concession by allowing media apps to link to external sign-up pages on their websites.

• This allows users to sign up for subscriptions outside of the app, avoiding Apple's commission fees.