Apple said in a blog post that the price increase will take effect as early as October 5.
Apple raise App Store Price, the creator of the iPhone, has announced that it would raise the cost of applications and in-app purchases on its App Store. The price increase will take effect in a number of nations ranging from Europe to Asia in October. The Cupertino-based business announced the price hike in a blog post, stating that the cost of applications and in-app purchases would rise in Japan, Malaysia, and all territories that utilize the euro currency. Follow stoptechy for more trending news.
The auto-renewable memberships not included in the revised costs. According to the blog post, the price increase will take effect as early as October 5.
“Prices for apps and in-app purchases (excluding auto-renewing subscriptions) on the App Store will rise on October 5, 2022 in Chile, Egypt, Japan, Malaysia, Pakistan, Poland, South Korea, Sweden, Vietnam, and all euro-using countries. In Vietnam, these hikes reflect new rules requiring Apple to collect and submit appropriate taxes, which are VAT and CIT at 5% rates, respectively “According to the blog post.
List of nation where prices expected to rise
Sweden, South Korea
All nations that use the euro as their monetary unit
According to Apple, the developer’s earnings will computed using the tax-exclusive pricing and will adjusted appropriately. “Apple’s collection and payment of necessary taxes in Vietnam will reflected in Exhibit B of the Paid Applications Agreement,” it states.
Once these changes take effect, the Pricing and Availability section of My Apps will modified. In App Store Connect, developers may adjust the pricing of their provided applications and in-app purchases (including auto-renewable subscriptions) at any moment. If they provide subscriptions, they may opt to keep current customers’ fees the same.
Apple raise App Store Price
Apple’s App Store is a significant source of income for the company. In the June quarter, the business reported revenue from services that fell just short of expectations. According to an independent analysis conducted by Apptopia, app developers have already increased their costs in the last year. In July, the average price of in-app purchases jumped by 40% compared to the same month in 2021.