Apple Slashes App Store Fees In China To Dodge Massive Antitrust Probe

Apple Inc (NASDAQ:AAPL) is cutting App Store fees for developers in China in response to regulatory pressure and changing smartphone market dynamics in one of its key global markets. The iPhone maker announced a significant reduction in its App Store commission fees, essentially lowering in-app purchase charges from 30% to 25%. Small businesses and mini-app developers will receive additional reductions. The change, set to take effect on World Consumer Rights Day, comes as Apple faces increasing regulatory pressure in its second-largest market. State-owned Economic Daily said the move could save Chinese developers more than 6 billion yuan annually, benefiting platforms…