So far, Apple is taking 30% of every transaction.
Billionaire Elon Musk has said that he plans to discuss with Apple the issue of reviewing the amount of commission within the applications available in the App Store.
In another post on X, Elon Musk said he was going to talk to Tim Cook about making changes to this policy. As of today, Twitter users can follow other Twitter users through the iOS app to support them every month. Because these subscriptions use Apple’s in-app purchases, Apple charges a 30% commission.
On the Twitter/X side, Musk has also made changes to the revenue the service receives from these subscriptions. In the past, Twitter didn’t charge anything for the first 12 months and then charged 10%. Musk now says Twitter won’t take anything until the total payout exceeds $100,000. The service will then take 10% of content creators’ earnings, but the first 12 months are still free.
Elon Musk hopes to do what no one else has done before
Musk hopes that Apple will take 30% of what Twitter/X has left, rather than the total cost of each subscription transaction.
Apple is taking 30%, but I will talk to Tim Cook and see if that can be adjusted to 30% of what we have left to maximize what content creators get.
