Apple complies with EU rules, impacting App Store revenue

Apple concedes to EU's Digital Markets Act, allowing developers to distribute apps directly to consumers in Europe, impacting its App Store's revenue. Developers can now offer apps through their websites, facing a 30% fee cut. Apple introduces a 50 euro cents per user account fee and allows alternative app marketplaces on iOS 17.4. Apple's stock rose by 0.6% on the news. Apple faces challenges in revenue and competition.