Epic Games sued Apple over a mandatory thirty percent app store tax that extracts billions from developers

A closer look

Building a massive digital monopoly is incredibly easy once you own the only door into the building. Apple’s iron-fisted control over its iOS ecosystem allows it to automatically extract a 30% toll on app revenues, a ruthless practice that sparked a massive antitrust war with Epic Games. This digital rent-seeking proves that the most lucrative real estate in the modern economy isn't a Manhattan skyscraper, but the required payment gateway on a smartphone.