Media mogul Barry Diller ripped Apple over the fees it charges companies that have apps in iPhone maker’s App Store.
“[Our apps are] overcharged in a disgusting manner,” the chairman of IAC and Expedia said in an interview on CNBC’s “Squawk Box on Friday.
Diller, whose companies have apps in the App Store slammed Apple for charging a sizable 30 percent commission rate on top of in-app transactions. Apple recently cut its fees to 15 percent for smaller developers after facing criticism.
“The idea that they actually justify it by saying, ‘We spend all this money protecting our little App Store,’” Diller said. “I mean, it’s criminal. Well, it will be criminal.”
Apple “has a quasi-monopoly which they share to some degree with Google,” says Barry Diller on the ongoing Apple vs. Epic trial $AAPL $GOOGL “It’s irrational the 30%. It makes no sense.” pic.twitter.com/I6TexkbZAv
— Squawk Box (@SquawkCNBC) May 21, 2021
Apple didn’t respond to questions about Diller’s remarks, but in the past, the company has defended its policies, saying that the money it gets from commission fees goes into maintaining the App Store.
Diller’s fiery comments came the same day that Apple chief executive