AAPL

Apple fees

Apple is halving the cut—from 30% to 15%—it takes for most apps sold through its App Store. That is, the apps from smaller developers; the likes of Netflix and Spotify can't jump for joy here. Apple's hit will be somewhere between $600 million and $1.6 billion next year, depending which analyst you listen to. The move comes against a backdrop of antitrust probes and developer lawsuits; and many developers (hi, Spotify) remain deeply unconvinced. Fortune
 
Apple throttling

Apple will pay $133 million to settle states'' allegations over its slowing-down of iPhones to prompt device upgrades and mask battery problems. The offending actions took place in 2016; states see it as deception and said Apple should have disclosed the issues or replaced batteries. This settlement is separate from the one Apple struck in March to stem a class action by iPhone owners. Fortune
 
Apple car?

Hyundai's share price jumped 19% this morning. That's because the Korean car giant said it was in early talks with Apple about collaborating on an electric car. Local media said the tie-up was Apple's idea, though Hyundai stressed that Apple is "in discussion with a variety of global automakers." But then Hyundai walked back its statement. It now says multiple unnamed companies have approached it for collaboration. And, at the time of publication, its share price hasn't fallen. Bloomberg
 
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