Category: App Store

LIVE 5 PM ET: NTD Business (Feb. 2): Does ChatGPT Have a Left-Leaning Bias?; Meta Shares Soar on Cost Cuts, Stock Buyback

Internet users feel that AI chatbot ChatGPT has a left-leaning bias. As AI gets more powerful and more widespread, such a bias could impact society. ChatGPT denies the allegations. Meta stock soaring after the company’s earnings call. We look at possible reasons for the spike and what Mark Zuckerberg is planning for the company. A new Biden administration…


NTD Business (Feb. 2): Does ChatGPT Have a Left-Leaning Bias?; Meta Shares Soar on Cost Cuts, Stock Buyback

Internet users feel that AI chatbot ChatGPT has a left-leaning bias. As AI gets more powerful and more widespread, such a bias could impact society. ChatGPT denies the allegations. Meta stock is soaring after the company’s earnings call. We look at possible reasons for the spike and what Mark Zuckerberg is planning for the company. A new…


Biden Administration Wants Credit Card Late Fees Slashed to $8

The Biden administration wants credit card late fees to be slashed to $8 and for Apple and Google to reduce the amount they charge on their mobile app stores. White House officials stated that this is part of a larger policy effort to promote competition in consumer markets. President Joe Biden’s Competition Council announced on…


Musk Meets Apple’s Tim Cook, Gives Critical Update on App Store Twitter Ban ‘Misunderstanding’

Tesla CEO Elon Musk said he met with Apple CEO Tim Cook and the two resolved the issue of Twitter potentially being cut from Apple’s App Store, which Musk had earlier identified as a threat facing the social media giant. Musk said in a post on Twitter late Wednesday that he and Cook had a “good…


Apple to Raise App Store Prices in Some Countries in Europe, Asia

Apple Inc. said on Tuesday it will raise prices of apps and in-app purchases on its App Store from next month in all of the euro zone and some countries in Asia and South America. The new prices, excluding auto-renewable subscriptions, will be effective as early as Oct. 5, Apple said in a blog post….


Apple Defends App Store Policies

Apple Inc., facing mounting criticism of its App Store policies, has defended the platform on Wednesday citing the small-business jobs and revenue it generates, Bloomberg reports. The App Store is under intense scrutiny from government officials in the United States and Europe, which also have been after Meta Platforms Inc. and Alphabet Inc.. An Apple commissioned study found developers who earned…


US Senate Considers App Store Reform Bill

Sens. Richard Blumenthal (D-Conn.) and Marsha Blackburn (R-Tenn.) have partnered to deliver an antitrust bill addressing Big Tech, which is due to be debated by the Senate on Thursday. Bill S.2710, the Open App Markets Act, targets Apple and Google in particular, two companies that mediate access to apps for the great majority of smartphone…


Apple App Store Analysis: AT&T’s HBO Max Passes Netflix, Disney+

AT&T Inc.’s HBO Max trails Netflix Inc. and Walt Disney Co.’s Disney+ in the streaming wars, but the HBO Max app is signaling that AT&T may be gaining some ground. At the very least, HBO Max has pulled ahead in the Apple Inc. app store battle. HBO Max was ranked as low as 27th in…


Read What Evercore Said on Apple App Store Growth

Evercore ISI analyst Amit Daryanani estimates that Apple Inc’s App Store revenue slowed to a growth rate of 9 percent in December. Daryanani saw App Store Growth decelerate in both Q4 of 2021 and Q1 of 2022; single digits are lower than his expectation for growth of 10 percent—15 percent last month and “makes December the first month…


Google to Slash Fee It Takes From Subscriptions on App Store

By Mark Gurman From Bloomberg News Alphabet Inc.’s Google is slashing the fees it takes from subscription services on its app store following pressure from developers and lawmakers. Beginning Jan. 1, the Google Play Store will charge third-party subscription apps a 15 percent commission, the company said Thursday. Previously, subscription apps were charged 30 percent…