The Intelligence from The Economist cover image

The Intelligence from The Economist

Stores of value: regulators lean on app vendors

May 27, 2024
20:11
Snipd AI
Exploring the powerful smartphone-app duopoly held by Apple and Alphabet, with governments aiming to regulate their dominance. The podcast also delves into the high costs of India's elections and the innovative solutions in combating locust swarms.
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Podcast summary created with Snipd AI

Quick takeaways

  • Regulators are pressuring for more competition in the Apple-Google duopoly of app stores.
  • Initiatives to challenge the duopoly, like Microsoft and Epic Games launching their own stores, face historical struggles to gain market share.

Deep dives

Regulation and Competition in App Stores

Governments worldwide are scrutinizing app stores, like those of Apple and Google, due to their lucrative business model. These tech giants take a significant cut from in-app purchases and subscriptions, earning them billions annually. With operating margins far exceeding those of their core businesses, App Stores have attracted attention for potential regulatory intervention aiming to diversify the market and reduce platform dominance.

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