Adds analyst comment in paragraphs 6-7, background in paragraph 10
By Jaspreet Singh
May 2 (Reuters) - Spotify SPOT.N said on Friday its U.S. app update has secured Apple's AAPL.O approval to show pricing information and external payment links, days after a judge barred the iPhone maker from charging commission on off-app purchases.
Shares of Spotify, founded in 2006 in Stockholm, were up more than 6% in morning trading.
The Swedish streaming giant, along with several other tech firms, had been at loggerheads with Apple over its App Store policies, which required developers to pay a commission on in-app purchases, including subscriptions.
"After nearly a decade, this will finally allow us to freely show clear pricing information and links to purchase, fostering transparency and choice for U.S. consumers," Spotify spokesperson Jeanne Moran said in an email.
Apple did not immediately respond to a Reuters request for comment.
"It appears to be a material win for Spotify," Pivotal Research Group analyst Jeffrey Wlodarczak said.
The move could level the pricing field with rival service Apple Music, as Spotify had to cover the costs of paying Apple in their U.S. pricing, he said.
Spotify had submitted the app update on Thursday, after U.S. District Judge Yvonne Gonzalez Rogers said the company failed to comply with her prior order imposed in an antitrust lawsuit by "Fortnite" maker Epic Games.
Cupertino, California-based Apple said it will comply with the court's order, but disagrees with the decision and will appeal.
In February, Spotify reported its first annual profit, benefiting from strong user growth, price hikes and cost cuts.
(Reporting by Jaspreet Singh in Bengaluru; Edting by Leroy Leo and Shilpi Majumdar)
((Jaspreet.Singh@thomsonreuters.com; on X @i_jass;))
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。