apple stock threatened by growing backlash against app store revenue cut

Rumblings against Apple's sizable take from App Store revenues could have impact on the company's stock, given the new focus on Services revenue, on Friday...   While the segment grew 18 percent in December quarter, we've now started to get investor questions worrying about whether App Store will be the shoe to drop, wrote AB Bernstein's Toni Sacconaghi in note seen by AppleInsider.   Specifically, series of headlines indicating that Spotify and Netflix have stopped offering in-app subscriptions, and that others like Fortnite Epic Games have threatened similar actions..   Apple claims 30 percent from the majority of App Store transactions, which Spotify and others have complained can force them to hike prices or take major financial hit.   For some Spotify charged $3 extra to in-app Premium subscribers, ultimately deciding to end the discrepancy and direct iPhone and iPad owners to its website..   Apple's revenue cut does shrink to 15 percent for subscriptions over long, and this does not seem to have appeased developers...   Unsurprisingly, this 30 percent cut has transformed App Store into the driver of Apple Services, accounting for about 40 percent of all Services growth in the last three years by our estimates, Sacconaghi continued..   App Store is the only place developers are allowed to sell iOS apps, and losing the case could break the revenue streams.   Sacconaghi does not seem to put any weight on any services that Apple will debut in the future, such as the video streaming service.   Nor, that Services is more than App Store, as Apple Music, AppleCare, and iCloud are all part of the revenue stream as well...   Read more