After a lot of criticism, Apple will halve its 30% in-app subscription fee from customers, app developers and regulators.
Apple AAPL -- Get Apple Inc. 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 criticism of Apple's 30% fee from customers, app developers and regulators.
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In order to support publishers who are optimizing their content in ANF, Apple News is offering a commission rate of 15% on qualifying in-app purchase subscriptions from day one. Apple News is installed on iPhones.
Apple's stock 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 the tech giant Nvidia NVDA -- Get NVIDIA Corporation Report, the semiconductor maker.
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