- Apple CEO Tim Cook on Wednesday released his initial statement before the historic judicial counter-hearing before the House Judiciary’s Antitrust Subcommittee.
- Cook is set to appear as part of an investigation into Amazon’s CEO Jeff Bezos, Facebook CEO Mark Zuckerberg, and Google’s parent company, Alphabet’s CEO Sundar Pichai, as well as an investigation into the companies’ power and impact on the tech industry .
- Cook’s initial statement defended Apple, stating that the company “does not hold a major market share in any market where we do business.”
- According to Business Insider’s Hyung Langley and Aaron Holmes, “for the App Store Store” there is growing concern among lawmakers that the company’s App Store – and broader app ecosystem – is hurting developers.
- For more stories visit the Business Insider homepage.
Apple CEO Tim Cook released his initial statement before a historic technical retaliation hearing in front of Congress on Tuesday, which would also include chief executives of Google, Facebook and Amazon.
The chief executive of the four tech giants will appear before the House Judiciary’s Antitrust Subcommittee on Wednesday as part of an investigation into its power and influence in the tech industry.
Cook’s initial statement defended Apple, stating that the company “does not hold a major market share in any market where we do business.”
“This is not only true for the iPhone; it is true for any product category,” Cook wrote in an opening statement.
According to Business Insider’s Hyung Langley and Aaron Holmes, “for the App Store Store” there is growing concern among lawmakers that the company’s App Store – and broader app ecosystem – is hurting developers.
“The App Store is Apple’s second-largest revenue maker after the iPhone, but Apple’s own apps are not subject to the same rules as third parties, and it has long been argued that this gave Apple another unfair advantage over the competition Get, “according. Report good.
However, Cook claimed that for the “vast majority of apps” on the App Store, developers hold all profits per sale, and that “only apps that are subject to a commission are where the developer receives a customer on an Apple device Does. And where features or services will be experienced and consumed on an Apple device. “
“Apple’s commissions are lower than or charged by commissions charged by the majority of our rivals,” Apple’s CEO continued. “And they are much less than the 50 to 70% paid by software developers to distribute their work before launching the App Store.”
He said neither “was raised” to increase the company’s commission rate, nor did the company add a “single fee”. Instead, Cook said that Apple “reduced them to membership and waived additional categories.”
“The App Store evolves over time, and every change we make has been in the direction of providing a better experience for our users and an attractive business opportunity for developers,” he wrote, “1.9 in all More than a million US jobs are cited, with 50 states responsible for the App Store ecosystem. “
“I am here today because the investigation is responsible and appropriate,” Cook said in his planned statement. “We do this process with respect and humility. But we do not make any concessions on the facts.”