- On Wednesday in the House Judiciary’s antitrust subcommittee, Apple CEO Tim Cook issued an introductory statement ahead of a historic technology antitrust hearing.
- Cook will appear alongside Amazon CEO Jeff Bezos, Facebook CEO Mark Zuckerberg and Alphabet CEO Sundar Pichai, Google’s lead company, to explore the power and influence of companies in the technology industry.
- Cook defended Apple in an introductory statement, arguing that the company “does not have a dominant market share in any of the markets in which we do business.”
- The App Store has been tested in response to “growing concerns from lawmakers that the App Store and the broader application ecosystem are harming developers,”; said Hugh Langley, chief executive of Business Insider, and Aaron Holmes.
- To learn more stories, visit the Business Insider homepage.
Apple CEO Tim Cook on Tuesday released an introductory speech, a historic antitrust hearing ahead of Congress that will also be attended by executives from Google, Facebook and Amazon.
The CEOs of the four technology giants will appear in the House Judiciary’s Antitrust Subcommittee on Wednesday to examine its power and impact on the technology industry.
Cook defended Apple in an introductory statement, arguing that the company “does not have a dominant market share in any of the markets in which we do business.”
“It’s not just about the iPhone; this also applies to any product category, ”Cook wrote in his introductory speech.
The App Store has been tested in response to “growing concerns from lawmakers that the App Store and the broader application ecosystem are harming developers,” said Hugh Langley, chief executive of Business Insider, and Aaron Holmes.
“The App Store is Apple’s second largest revenue-earning company after the iPhone, but Apple’s own apps aren’t subject to the same rules as third parties. It has long been said that this gives Apple another unfair competitive advantage, “the report said.
However, Cook said that “the developers of the apps with the vast majority of apps in the App Store retain all the profits from the sale, and” the only apps that are subject to a commission are when the developer acquires a customer on an Apple device. and where the features or services would be experienced and used on the Apple Device. ”
“Apple’s commissions are similar to or lower than the commissions charged by most competitors,” continued Apple’s CEO. “And they’re significantly less than the 50-70% that software developers paid to distribute their work before we launched the App Store.
He further claimed that the company’s commission rate was “never increased” and that the company did not add a “single fee”. According to Cook, Apple “reduced their subscription and exempted them from additional categories of applications.”
“The App Store is changing over time, and every change we’ve made has focused on providing a better experience for consumers and a compelling business opportunity for developers,” he wrote, referring to “more than 1.9 million American jobs in 50 states. Store “ecosystem”.
“I’m here today because inspection is responsible and appropriate,” Cook said in his planned introductory speech. “We look at this process with respect and humility. But we do not acknowledge the facts.”