70:30 revenue split for a stock trading app?

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

  1. marcotyf macrumors newbie

    Joined:
    May 3, 2010
    #1
    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

    sammich

    Joined:
    Sep 26, 2006
    Location:
    Sarcasmville.
    #2
    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

    Joined:
    Jul 1, 2007
    #3
    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

    Joined:
    Jul 30, 2003
    #4
    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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