Apple shares dropped in premarket trading after Bloomberg reported that Chinese regulators are considering opening a formal investigation into the company’s App Store fees and policies. The State Administration for Market Regulation reviews Apple’s practices, including a 30% cut on in-app purchases and restrictions on third-party payment methods. No decision has been made to launch a formal probe. If pursued, the investigation would add to Apple's challenges in one of its key markets, where competition and regulatory pressures are intensifying. Global regulatory scrutiny has led Apple to open its App Store in Europe under the EU’s Digital Markets Act.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Apple shares dropped in pre-market trading after Bloomberg reported that Chinese regulators are
00:07considering opening a formal investigation into the company's app store fees and policies.
00:12The state administration for market regulation is reviewing Apple's practices,
00:16including a 30% cut on in-app purchases and restrictions on third-party payment methods.
00:22No decision has been made to launch a formal probe.
00:26If pursued, the investigation would add to the challenges Apple faces in one of its key markets,
00:32where competition and regulatory pressures are intensifying.
00:35Global regulatory scrutiny has led to Apple
00:38opening its app store in Europe under the EU's Digital Markets Act.