70:30 revenue split for a stock trading app?

Discussion in 'iPhone' started by marcotyf, May 3, 2010.

  1. marcotyf macrumors newbie

    May 3, 2010
    hi a curious question to ask abt whether apple charges

    companies like etrade for a mobile trading app based on its

    70:30 revenue split model (transaction volume)? or did etrade

    or any other financial institutions need to pay anything extra

    for such high-volume application?
  2. sammich macrumors 601


    Sep 26, 2006
    God no. Think about it.

    All the transactions would go through the *ETRADE server anyway, no 'high-volume' stuff going through Apple.
  3. MotionxxUSxx macrumors 6502

    Jul 1, 2007
    Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 3_1_3 like Mac OS X; en-us) AppleWebKit/528.18 (KHTML, like Gecko) Version/4.0 Mobile/7E18 Safari/528.16)

    I'm assuming apple makes nothing. The etrade app is free. The commisions made in the trading app all go to etrade.
  4. manu chao macrumors 603

    Jul 30, 2003
    No, the 30% cut only applies to content consumed inside an app. Otherwise any online retailer with an app would also need give Apple a 30% cut on any physical product bought via an app.

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