Netflix walks away from App Store payments, costing Apple up to $256m/year

When Ios launched, Apple's App Store took a 30% royalty on all apps sold. App vendors responded in large part by switching to free apps that charged in-app for annual subscriptions and other fees, prompting Apple (by then the dominant smartphone seller and critical to many companies' businesses) to ban in-app purchases except through Apple, which would charge a 30% commission on the lifetime revenues from each user. Read the rest