Apple warns lower App Store fee will 'materially' impact financial resultsApple admits that the App Store does in fact make it a lot of money.
What you need to know
Apple warned investors about the impact of App Store fee changes.
The company mentioned the impact in an SEC filing Friday.
Lowering or eliminating App Store fees would cause results to be "materially adversely affected."
Reported by Bloomberg, Apple has warned investors that, if the company's fee for app and in-app purchases in the App Store was reduced, that it would hurt its overall financial performance.
The warning in a regulatory filing Friday came amid criticism from lawmakers and others about the cut of as much as 30% that Apple takes from third-party developers selling software through the App Store across the iPhone maker's devices.
In a filing with the United States Securities and Exchange Commission, Apple said that a change in its current fee schedule for operating the App Store cause its financial results to be "materially adversely affected."
"If the rate of the co...
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Apple warns lower App Store fee will 'materially' impact financial results
