Written by Robert J. Matthews
Apple (NASDAQ:AAPL) will overhaul its EU iOS, Safari, and App Store to comply with strict new tech standards.
Apple will enable third-party app stores on iOS for the first time, eliminating its exclusive iPhone app distribution.
Customers will also have easier access to various payment systems and browsers. Users can even change the default app marketplace.
The EU declared Apple a "gatekeeper" under the Digital Markets Act in September 2023.
The DMA prohibits platforms from favoring their services over competitors and digital businesses from pooling personal data across services.
Apple will lose up to 30% commission due to the changes. EU developers will pay 17% commission on App store apps, dropping to 10% for eligible apps after the first year.
Apple will charge developers 3% more for its payment processing.
The company also introduced a "Core Technology Fee" for apps with over a million downloads.