Arizona bill adds new antitrust challenges for Google and Apple

By Akshay Kedari  | Date: 2021-03-09

Arizona bill adds new antitrust challenges for Google and Apple

Reportedly, a contentious Arizona bill addressing the fees that tech firms such as Google and Apple charge application developers is posing fresh antitrust issues for the beleaguered tech giants.

The bill, passed by the Arizona statehouse last week and now heading to the state senate, will require Google and Apple to enable app developers to process user payments inside their apps using their payment systems instead of Apple's or Google’s, cited sources with relevant information.

It is one of the multiple bills aimed at Apple and Google over developer fees that have been introduced in recent months, signaling a shift in the tide toward an industry that had largely defied regulations.

Janelle Wrigley, Director of the Antitrust Division at Thomas Reuters Practical Law, mentioned that this is the new development that has been a subject of debate in the battles of how technology should be regulated. She further added that if the bill is passed in Arizona, similar laws would rush through in other states as well.

As per reliable sources, Apple and Google also charge developers up to 30% for all app payments and in-app purchases, enabling the company to earn USD 15 billion a year from developer fees collected from its App Store.

Under Apple's new policy, if a user spends USD 5.00 on an app, Apple will take up to 30% of that, or USD 1.50. The new law in Arizona will allow the app to charge customers directly via other payment services that do not take such large payments.

Wrigley also said it was unclear which bill would pass first and which would have the most impact since legislation and litigation against Apple and Google were in flux across different states and countries.

Arizona's bill is the latest attempt to change the app store's structure, with several US states, including Hawaii, Georgia, New York, Illinois, Massachusetts, and Minnesota, as well as the United Kingdom, are considering similar legislation.

However, in February, the North Dakota state senate voted against a similar measure, sources confirmed.

Source Credit –

https://www.msn.com/en-gb/news/world/apple-and-google-face-new-antitrust-battle-over-arizona-app-store-bill/ar-BB1emiQ2

 

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More >>

More News By Akshay Kedari

Google Fi confirms data breach, leaking millions of customer’s data

Google Fi confirms data breach, leaking millions of customer’s data

By Akshay Kedari

Google Fi, Google's cell network operator, has reportedly revealed a data breach, which is most likely related to the T-recent Mobile's security disaster, which allowed hackers to leak millions of customers' personal information. The p...

European semiconductor giant ASML forecasts a sales surge for 2023

European semiconductor giant ASML forecasts a sales surge for 2023

By Akshay Kedari

Dutch semiconductor company ASML has reportedly forecast a revenue jump for the year 2023 as the global semiconductor industry anticipates a reacceleration of growth during the second half of this year. According to the firm, its net sales  f...

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

By Akshay Kedari

Following this funding, Interfor's long-term debt will hold a weighted average interest of 5.30% Interfor registered a Net Debt to the Invested Capital ratio of nearly 10% as of October 31, 2022 Interfor Corporation, one of the world...

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

By Akshay Kedari

Leading real estate services and investment company, ESR Group Limited, has recently announced that its exclusively-owned subsidiary, ARA and the Export-Import Bank of China have inked a breakthrough collaboration in a deal worth USD 1 billion infras...

Circularise nabs $11M to bring circular economy to industrial supply chains

Circularise nabs $11M to bring circular economy to industrial supply chains

By Akshay Kedari

Leading software platform, Circularise recently announced that it has raised $11.3 million (€11 million) in funding as part of its Series A round in a bid to advance its mission to bring a circular economy to industrial supply chains. The fun...