Any app developer with sales totaling less than $1 million annually will be eligible for the lower commission rate.
App developers will be celebrating today on news that Apple has decided to reduce its cut of App Store purchases from 30 percent to 15 percent. As The Verge reports, Apple will reduce its cut to 15 percent on Jan.1 next year as part of a new App Store Small Business Program. The majority of the over 28 million registered App Store developers will be eligible for the reduced rate, with the only known requirement being a developer must be earning less than $1 million in sales annually. However, developers will need to apply to the program and more requirements may be announced when comprehensive details are revealed in early December.
