TokyoTokyo Mon - Fri 10:00-18:00 +81 (368) 662-975
info@mountequitygroup.com

Barry Diller says Apple 'overcharged in a disgusting manner' his companies on App Store

Mount Equity Group Tokyo, Japan > News > Tech > Barry Diller says Apple 'overcharged in a disgusting manner' his companies on App Store

Business mogul Barry Diller ripped into Apple on Friday over the fees it charges companies that have applications on the iPhone maker’s App Store.

In an interview on CNBC’s “Squawk Box,” the chairman of IAC and Expedia said his companies, and others like them, are “overcharged in a disgusting manner.”

For large companies, Apple takes a commission rate of 30% on in-app transactions; for certain smaller developers, the company recently lowered it to 15% after facing criticism.

Apple, which did not respond to a CNBC request for comment about Diller’s remarks, has steadfastly defends its policies, saying the money it gets from commission fees goes into maintaining and securing the App Store in a way that ultimately benefits app makers.

“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.”

Diller’s comments came on the same day that Apple CEO Tim Cook is set to testify in an antirust case focused on the App Store brought by Epic Games, which makes the widely popular video game Fortnite.

Diller said Apple has a “quasi-monopoly” along with Alphabet‘s Google, which runs the Google Play app store for Android devices.

Diller took aim at