Documents made public as part of a U.S. House probe into Apple’s business practices reveal the company discussed taking a 40% cut of third-party services subscription revenue.In an email dated 2011, Apple SVP Phil Schiller forwarded a strategy that would take a 40% slice of service subscription fees. The House Judiciary Committee produced the correspondence in a tweet posted during today’s antitrust hearing.”For recurring subscriptions, we should ask for 40% of the first year only but we need to work a few deals to see what is right,” Schiller wrote.Read more…
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