However, the project is still in development and the initiative has yet to be announced, Bloomberg reported Thursday. The service would be Apple’s biggest push into recurring revenue streams, essentially bringing the company’s Services model to its lucrative hardware business. linkĪpple working on hardware subscription service for iPhone, other productsĪpple is reportedly working on a subscription service that would allow users to buy iPhones and other hardware products for a monthly fee – but how it differs from purchase vectors now isn’t clear. Failure to comply with the new legislation could see violators incurring fines of up to 10% global annual turnover or up to 20% for repeat violations.
The rule would apply to any company that has at least 45 million monthly active end users and 10,000 annually active corporate users in Europe as noted by TechCrunch. Services that would need to work between platforms include sending messages, making video calls, and even sending files. The rule, part of the larger proposed Digital Markets Act (DMA) would require major messaging platforms to allow their services to work with smaller messaging platforms. On Thursday, the European Union announced plans to enact new legislation that would demand major messaging services - including iMessage, WhatsApp, and Facebook Messenger - to send and receive messages, calls, videos, and files from smaller competitors. The Show The Apple Studio And the Magic Beans
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