Apple hikes prices of App Store apps in some markets, is India on the list?
<img src="” title=”Apple hikes prices of App Store apps in some markets, is India on the list?” />
Apple said on Monday that prices of apps and in-app purchases on its App Store will increase in several countries including Japan, Malaysia, Vietnam, and all territories that use the euro currency, from next month. The new prices, excluding auto-renewable subscriptions, will be effective as early as October 5, Apple said in a blog post.
These changes will also reflect new regulations for Apple in Vietnam to collect and remit applicable taxes, being value-added tax (VAT) and corporate income tax (CIT) at 5 percent rates respectively, the company added.
Here are the countries that will be affected by the price increase of the App Store apps:
Chile
Egypt
Japan
Malaysia
Pakistan
Poland
South Korea
Sweden
Vietnam
Countries that use Euro currency
India is not a part of the list, so as long as your App Store is configured to accept the Indian Rupee for buying apps and in-app purchases.
What will change?
Apple said that developers’ proceeds will be adjusted on the basis of tax-exclusive price. “Exhibit B of the Paid Applications Agreement will be updated to indicate that Apple collects and remits applicable taxes in Vietnam,” said Apple on its developer website. The Pricing and Availability section of My Apps will be updated after the new prices come into effect on App Store in the aforementioned countries.
If they want, developers can change the price for apps and in-app purchases, including auto-renewable subscriptions at any time in App Store Connect. The new prices will start reflecting immediately. Developers will also have the option to “preserve prices for existing subscribers”, Apple said. In other words, auto-renewable subscriptions will not be affected by the price hike.
The fresh changes come as Apple is in a process of expanding its software services. The App Store is one of the biggest revenue sources for Apple. According to Statista, Apple received an estimated $85.1 billion on in-app purchases in the US alone in 2021. Of this revenue, Apple paid developers $60 billion in 2021.
— Written with inputs from Reuters
The post Apple hikes prices of App Store apps in some markets, is India on the list? appeared first on BGR India.
<img src="" title="Apple hikes prices of App Store apps in some markets, is India on the list?" />
Apple said on Monday that prices of apps and in-app purchases on its App Store will increase in several countries including Japan, Malaysia, Vietnam, and all territories that use the euro currency, from next month. The new prices, excluding auto-renewable subscriptions, will be effective as early as October 5, Apple said in a blog post.
These changes will also reflect new regulations for Apple in Vietnam to collect and remit applicable taxes, being value-added tax (VAT) and corporate income tax (CIT) at 5 percent rates respectively, the company added.
Here are the countries that will be affected by the price increase of the App Store apps:
Chile
Egypt
Japan
Malaysia
Pakistan
Poland
South Korea
Sweden
Vietnam
Countries that use Euro currency
India is not a part of the list, so as long as your App Store is configured to accept the Indian Rupee for buying apps and in-app purchases.
What will change?
Apple said that developers’ proceeds will be adjusted on the basis of tax-exclusive price. “Exhibit B of the Paid Applications Agreement will be updated to indicate that Apple collects and remits applicable taxes in Vietnam,” said Apple on its developer website. The Pricing and Availability section of My Apps will be updated after the new prices come into effect on App Store in the aforementioned countries.
If they want, developers can change the price for apps and in-app purchases, including auto-renewable subscriptions at any time in App Store Connect. The new prices will start reflecting immediately. Developers will also have the option to “preserve prices for existing subscribers”, Apple said. In other words, auto-renewable subscriptions will not be affected by the price hike.
The fresh changes come as Apple is in a process of expanding its software services. The App Store is one of the biggest revenue sources for Apple. According to Statista, Apple received an estimated $85.1 billion on in-app purchases in the US alone in 2021. Of this revenue, Apple paid developers $60 billion in 2021.
— Written with inputs from Reuters
The post Apple hikes prices of App Store apps in some markets, is India on the list? appeared first on BGR India.
<img src="” title=”Apple hikes prices of App Store apps in some markets, is India on the list?” />
Apple said on Monday that prices of apps and in-app purchases on its App Store will increase in several countries including Japan, Malaysia, Vietnam, and all territories that use the euro currency, from next month. The new prices, excluding auto-renewable subscriptions, will be effective as early as October 5, Apple said in a blog post.
These changes will also reflect new regulations for Apple in Vietnam to collect and remit applicable taxes, being value-added tax (VAT) and corporate income tax (CIT) at 5 percent rates respectively, the company added.
Here are the countries that will be affected by the price increase of the App Store apps:
Chile
Egypt
Japan
Malaysia
Pakistan
Poland
South Korea
Sweden
Vietnam
Countries that use Euro currency
India is not a part of the list, so as long as your App Store is configured to accept the Indian Rupee for buying apps and in-app purchases.
What will change?
Apple said that developers’ proceeds will be adjusted on the basis of tax-exclusive price. “Exhibit B of the Paid Applications Agreement will be updated to indicate that Apple collects and remits applicable taxes in Vietnam,” said Apple on its developer website. The Pricing and Availability section of My Apps will be updated after the new prices come into effect on App Store in the aforementioned countries.
If they want, developers can change the price for apps and in-app purchases, including auto-renewable subscriptions at any time in App Store Connect. The new prices will start reflecting immediately. Developers will also have the option to “preserve prices for existing subscribers”, Apple said. In other words, auto-renewable subscriptions will not be affected by the price hike.
The fresh changes come as Apple is in a process of expanding its software services. The App Store is one of the biggest revenue sources for Apple. According to Statista, Apple received an estimated $85.1 billion on in-app purchases in the US alone in 2021. Of this revenue, Apple paid developers $60 billion in 2021.
— Written with inputs from Reuters
The post Apple hikes prices of App Store apps in some markets, is India on the list? appeared first on BGR India.
