Apple (AAPL) shares fell Wednesday after Bloomberg reported that China is looking to open a formal probe into the company’s App Store fees and policies.
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AAPL stock dropped 2% in the pre-market session with the possible investigation, which could take a bite out of the fees Apple charges customers, coming amid an escalating trade war between Washington and Beijing after the U.S. slapped 10% tariffs on Chinese goods this week.
Apparently, China’s State Administration for Market Regulation (SAMR) is looking Apple slicing off as much as 30% on in-app spending, Bloomberg said. The regulator is also concerned practices…
