🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Apple Terminates Epic Games' Developer Account In Ongoing Feud Over App Store Fees

Published 06/03/2024, 20:43
Updated 06/03/2024, 22:10
© Reuters.  Apple Terminates Epic Games' Developer Account In Ongoing Feud Over App Store Fees
AAPL
-

Benzinga - by Franca Quarneti, Benzinga Staff Writer.

In the latest twist of the ongoing feud between Epic Games and Apple over app store fees, Apple Inc (NASDAQ: AAPL) has terminated Epic Games Inc's developer account, preventing the introduction of the Epic Games Store and Fortnite on iOS devices in Europe.

In a statement, Epic Games condemned Apple's actions as a violation of the Digital Markets Act (DMA): "This is a serious violation of the DMA and shows Apple has no intention of allowing true competition on iOS devices."

"They are undermining our ability to be a viable competitor and they are showing other developers what happens when you try to compete with Apple or are critical of their unfair practices," the Epic Games statement added.

Apple did not immediately respond to Benzinga's request for comment.

Despite the setback, Sweeney hinted at the possibility of reintroducing Fortnite to iOS via another company's third-party app store in the European Union.

On Feb.16, Epic Games CEO Tim Sweeney celebrated the approval of their developer account, posting on X (formerly Twitter): "Dev account secured, let's go!"

This development comes in the wake of Apple's announcement to permit third-party app stores on iOS in compliance with the DMA, effective this week.

In January, Apple proposed changes to comply with certain conditions of the DMA, including allowing alternative app stores and providing an opt-out from using the in-app payments system. However, the proposed "core technology fee" of 50 euro cents per user account per year for developers who sign up for the new regime has sparked controversy.

This development further intensifies the legal battle between the two companies that began in 2020, when the gaming firm alleged that Apple's practice of charging up to 30% commissions on in-app payments violated U.S. antitrust rules.

Read Next: How Did Epic Games' Showdown With Google Differ From Apple? CEO Tim Sweeney Says It Was Like Ice And Fire

Image created using photos from Shutterstock.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.