Snap is 'Happy' to Pay Apple's 30% Commission Rate, Says Evan Spiegel
Snap CEO Evan Spiegel today told CNBC that his company is "happy" to pay Apple's 30 percent cut of in-app purchases because of the benefits that Apple provides with its software and hardware.
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We really feel like Snapchat wouldn't exist without the iPhone and without the amazing platform that Apple has created. In that sense, I'm not sure we have a choice about paying the 30% fee, and of course, we're happy to do it in exchange for all the amazing technology that they provide to us in terms of the software but also in terms of their hardware advancements.
Spiegel went on to say that Snapchat is "aligned" with Apple on the App Tracking Transparency changes implemented to protect privacy. "The early investments we made starting almost 10 years ago to protect user privacy on our platform are really paying off," said Spiegel.
Snap is working to help its advertising clients migrate to Apple's SKAdNetwork, which Apple has provided as an alternative to the Advertising Identifier. "So far, that transition has gone smoothly for our business," Spiegel said.
Spiegel's comments come on the last day of the ongoing Epic Games v. Apple trial, a legal battle that is taking place because Epic Games has rebelled against Apple's App Store fees and policies.
Epic Games attempted to skirt Apple's App Store rules with a direct payment option in the popular Fortnite game, leading Apple to pull the app and creating an antitrust dispute that will be decided in court. Epic Games does not want to pay Apple's 30 percent fee, and is lobbying for alternative payment options and alternative ways to install apps on iOS devices.
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Epic Games will not be able to expand its ongoing Fortnite fight with Apple in the UK after a judge said the case could not continue in London, reports Bloomberg.
In January, Epic Games submitted a complaint to the United Kingdom's Competition Appeal Tribunal in an effort to get the Fortnite app back on the App Store in the UK. Epic Games argued that Apple's decision to remove Fortnite was...
A judge presiding over preparatory hearings in the Apple vs. Epic Games court case has ruled that Apple CEO Tim Cook must attend a seven-hour long deposition to testify about how the company views App Store competition, reports Gizmodo.
U.S. magistrate Judge Thomas S. Hixon reportedly settled on the seven-hour deposition after Epic Games proposed eight hours to depose Cook and Apple...
Epic Games has submitted a complaint to the United Kingdom's Competition Appeal Tribunal, expanding its Fortnite legal battle with both Apple and Google to another country.
According to Bloomberg, Epic Games is claiming that Apple's decision to remove Fortnite from the App Store was unlawful, and the company is aiming to get Apple to allow Fortnite back into the British App Store.
In a...
Epic Games and Apple are involved in a highly public lawsuit in the United States, but Epic has also sued Apple in other countries, including Australia, in an attempt to boost its chances of getting a favorable ruling.
Things aren't quite going Epic's way, however, as the justice overseeing the case today decided that he's going to let the two companies battle it out in the United States.
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Epic Games has filed an antitrust complaint against Apple in the European Union, broadening its legal battle against the tech giant by attempting to appeal to the EU's differing interpretation of antitrust issues compared to those in the United States (via The Wall Street Journal).
Last September, Epic Games added a Fortnite update that allowed customers to purchase in-game currency directl...
Today marked the kickoff of the third week of the Epic Games v. Apple trial, and this week is notable because Epic has finished with its witnesses and we're now transitioning to Apple witnesses, including notable Apple executives.
Apple Fellow and former marketing chief Phil Schiller, who is in charge of the App Store, took the stand today. Schiller will testify for up to nine hours, and...
The highly-anticipated Epic Games vs. Apple trial kicked off today in a federal court in Oakland, California, with lawyers for both companies delivering opening remarks before District Judge Yvonne Gonzalez Rogers.
Lawyers for Epic Games attempted to paint the App Store as anti-competitive and monopolistic, noting that developers are forced to use Apple's in-app purchase system, and thus pay ...
So far, Apple CEO Tim Cook has taken a backseat in defending Apple as it faces a significant legal battle with Epic Games regarding the App Store. While the CEO has commented on the platform in the past, for the first time this week, Tim Cook will take center stage in his company's battle with Epic Games.
Apple in March submitted its list of executives that will testify during the trial...
Ahead of its upcoming bench trial against Epic Games, Apple today filed 500 pages of documents covering findings of fact and conclusions of law, which basically summarizes the information exchanged between Apple and Epic, presents the relevant facts to the judge, and argues for the logical conclusions that should be drawn when law is applied to the case.
Apple sticks to many of the talking...
Apple's legal battle with Epic Games is continuing on, and during the second day of the trial, Epic Games' CEO Tim Sweeney continued his testimony against Apple.
Sweeney was grilled by Apple's lawyers, and made several points seemingly favorable to Apple. In addition to mentioning how he prefers Apple's iPhone and values Apple's privacy policies that he's aiming to dismantle, Sweeney...
Top Rated Comments
Yes. Let alone Spotify and Epic ('//www.youtube.com/watch?v=p2H8hmi8yrQ').