Apple shares fall 3% in premarket after China reportedly considers probe into App Store practices

Apple shares fall 3% in premarket after China reportedly considers probe into App Store practices


An Apple Store in the Jiefangbei commercial district, adorned with a golden apple and snake motif to celebrate the Chinese Year of the Snake, on Jan. 14, 2025 in Chongqing, China. 

Cheng Xin | Getty Images News | Getty Images

Apple shares fell on Wednesday after Bloomberg reported that Chinese regulators are considering whether to open a formal probe into the iPhone giant’s App Store fees and policies.

Shares of Apple were down 2.6% at 09:06 a.m. London time in premarket trading.

The State Administration for Market Regulation (SAMR) is looking into policies that include Apple taking a cut of as much as 30% on in-app spending, as well as blocking third-party payment services and app stores, Bloomberg reported Wednesday, citing people familiar with the matter.

China’s market regulator has not decided whether to formally open an investigation into Apple, according to the report.

Apple and China’s Ministry of Commerce was not immediately available for comment when contacted by CNBC.

This is a breaking news story. Please check back for more.



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