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AAPL Nov 2024 5.000 call

OPR - OPR Delayed price. Currency in USD
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  • Yahoo Finance

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  • Associated Press Finance

    Top Apple exec acknowledges shortcomings in effort to bring competition in iPhone app payments

    Longtime Apple executive Phil Schiller on Wednesday acknowledged a court-ordered makeover of the U.S. payment system in its iPhone app store hasn't done much to increase competition — a shortcoming that could result in a federal judge demanding more changes. Schiller, who has been overseeing the iPhone app store since its inception in 2008, made the admission during occasionally sheepish testimony about the new payment options that so far have been shunned by all but a few dozen apps since their introduction in January. “We have worked hard to create this program and I think we need to do a lot more to do to get developers,” Schiller said.

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