Apple loosens tight grip on App Store pricing

SAN FRANCISCO, United States -Apple on Tuesday announced the biggest upgrade to the App Store pricing system since the launch of the shop, allowing developers to charge from 29 cents to $10,000 for their offerings.

The enhanced pricing options to be available for all transactions at the App Store by spring of next year were touted along with new capabilities intended to make it easier for those offering their wares to manage sales, returns, taxes, and other features, Apple said in a blog post.

The deviation from the Apple’s long held 99 cent price floor comes as the Silicon Valley titan fends off accusations of having a monopolistic grip on the App Store that acts as the lone gatew…

Keep on reading: Apple loosens tight grip on App Store pricing