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Apple will soon let developers buy ads and sell subscriptions in the App Store

Just ahead of WWDC, Apple’s Phil Schiller is announcing a serious change to the App Store that affect developers and consumers alike. Currently, Apple takes a 30 percent cut of all revenue generated via the App Store. When you buy a $1 app, the developer only gets $0.70 for their work. Moving forward, any developer that has a subscription model may be able to have Apple’s take cut in half — so long as you’ve subscribed for a year or more.
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