Apple Inc. will reduce the current 30-percent cut in revenues of small-sized app developers to 15 percent starting next year.
The new commission structure dubbed App Store Small Business Program applies only to app developers with annual revenue of less than $1 million in 2020.
Apple said the new rate would help small business owners survive the effects of the pandemic and spur innovation.
The savings give small businesses and developers more funds to invest in their operations, expand their workforce, and develop new, innovative features.
According to Philipp Stollenmayer, an indie game developer with 20 titles in the App Store, the program provides a "big opportunity for the indie gaming spirit to become truly mobile.”
Stollenmayer's latest game, “Song of Bloom,” won an Apple Design Award in June 2020, while his first game,“What the Frog,” launched in the App Store in 2013, won a German Multimedia Prize.


Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure
Rio Tinto and BHP Agree to Explore Major Iron Ore Collaboration in Pilbara
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability
Boeing Reaches Tentative Settlement With Canadian Victim’s Family in 737 MAX Crash Lawsuits
Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO
xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny
Sanofi Gains China Approval for Myqorzo and Redemplo, Strengthening Rare Disease Portfolio
Zhipu AI Launches GLM-Image Model Trained on Huawei Chips, Boosting China’s AI Self-Reliance Drive
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation
U.S. Transportation Board Sends Union Pacific–Norfolk Southern Merger Back for Revision
Walmart International CEO Kathryn McLay to Step Down After Two and a Half Years
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production 



