Apple’s (NASDAQ:AAPL) App Store has been under pressure to make some changes around payments, and it’s finally giving some apps a break. Starting next year, Apple will allow what it calls “reader” apps like Netflix and Spotify to bypass Apple’s payment system and direct users to their own websites for payment.
The move was prompted by a ruling from the Japan Fair Trade Commission, but it’ll apply worldwide. It also follows a new South Korean law passed in August requiring Apple to offer alternative payment options in the App Store.
Here’s how the change will impact Apple investors.