After huge criticism, Apple will halve in-app subscriptions

After massive criticism, Apple will halve its 30% in-app subscription fee from customers, app developers and regulators.

Apple AAPL -- Get Apple Inc. AAPL Report said on Thursday that it would halve its commission on first-year in-app subscriptions for eligible news publishers that are part of the Apple News service.

The change comes after huge criticism of Apple's 30% fee from customers, app developers and regulators.

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Apple News is offering a commission rate of 15% on qualifying in-app purchase subscriptions from day one, to support publishers who optimize their content in ANF. Apple News is installed on iPhones.

The stock of Apple was trading at $148.54, little changed. It has gone up 23% in the past six months.

In July, TheStreet.com founder Jim Cramer explained how he approaches Apple stock differently from tech giant Nvidia NVDA -- Get NVIDIA Corporation Report, the semiconductor maker.

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