Spotify's App Store complaint carries 'meaningful risk' for Apple, KeyBanc says

Spotify's App Store complaint carries 'meaningful risk' for Apple, KeyBanc says

5 years ago
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https://www.cnbc.com/2019/03/13/spotifys-apple-app-store-complaint-carries-meaningful-risk-keybanc.html

Spotify's App Store complaint — filed with the European Commission's antitrust regulators and revealed Wednesday — carries "meaningful risk" for Apple and its burgeoning services revenue, analysts for KeyBanc said in a note Wednesday.

The complaint takes issue with Apple's control of its App Store, claiming the company deprives consumers of choice and imposes unfair restrictions and fees on competitors. Apple takes a 30 percent cut of most in-app purchases made through the App Store, which disproportionately affects subscription companies like Spotify.