Apple Announces App Store Small Business Program

The company said that the App Store’s standard commission rate of 30% will remain in place for apps selling digital goods and services and making more than $1 million in proceeds.

Apple announced a new program to help small businesses and independent developers take their businesses to the next level on the App Store. The program will launch on January 1, 2021.

Apple says that the new program called the App Store Small Business Programme will benefit developers who sell digital goods and services on the App Store and provide them with a reduced commission on paid apps and in-app purchases.

Developers can qualify for the program and a reduced, 15% commission if they earned up to $1 million in proceeds during the previous calendar year.

“Small businesses are the backbone of our global economy and the beating heart of innovation and opportunity in communities around the world. We’re launching this program to help small business owners write the next chapter of creativity and prosperity on the App Store, and to build the kind of quality apps our customers love,” Apple CEO Tim Cook said on the occasion.

“Our new program carries that progress forward — helping developers fund their small businesses, take risks on new ideas, expand their teams, and continue to make apps that enrich people’s lives,” he added.

Also Read:

Key highlights of the program:

• Existing developers who made up to $1 million in 2020 for all of their apps, as well as developers new to the App Store, can qualify for the program and the reduced commission.

• If a participating developer surpasses the $1 million thresholds, the standard commission rate will apply for the remainder of the year.

• If a developer’s business falls below the $1 million thresholds in a future calendar year, they can requalify for the 15% commission the year after.

Apple said that the App Store’s standard commission rate of 30% will remain in place for apps selling digital goods and services and making more than $1 million in proceeds.

Latest Posts

Related Articles