Apple is updating price ranges in the App Store, opening up access to apps up to $10,000.

In August 2021, Apple promised to expand pricing options in the App Store. Now the company is announcing that the available cost ranges have been expanded. So, if you are a developer, you can take from 29 cents per dollar, reaching an exorbitant figure of $ 10,000. Until today, the maximum app price was $1,000.

Now, don’t expect to see tons of $1,000+ apps in the App Store. Apple has confirmed that if you want to charge this or more for your apps, you will need to send an application to Cupertino. If you get the green light, you will be able to sell apps at that price.

What are the new prices in the Apple App Store? As reported MacRumors, choice points increased by 700 choices, which adds up to 900 prices when adding existing options. The 100 highest value options, as mentioned earlier, will require prior approval from the company.

This is not the first time Apple has made changes to the pricing system in its App Store. In 2017, the company updated the minimum cost an app can have. Before the reform, the norm was 0.99 euros; after that you can set your application to a minimum of 0.49. In this case, developers will be able to raise the minimum price even higher, to about 29 cents.. How many applications will we see at this price? It is hard to say. In fact, getting applications within one euro is already quite difficult.

During the current year, the company has increased the cost of applications in the App Store. Those that cost 0.99 euros now cost 1.19 euros.. This measure affected the eurozone and countries such as Chile, Japan, South Korea, Egypt, Malaysia, Pakistan or Vietnam.

New price ranges in the App Store will gradually increase. That is every 10 cents up to 10 dollars. Every 50 cents from 10 to 50 dollars; and so on. The report also says that we will see rounded prices.

App Developers Benefit in Exchange Rates

Apple has not only updated app prices in the App Store. It’s also now easier for developers to manage exchange rate fluctuations. What does it mean? According to the report, developers are now they will be able to select their favorite store to automatically generate prices in 174 other stores and 44 currencies. apart from the app store.

“For example, Apple says that a Japanese game developer that gets most of its business from Japanese customers can set a price for a Japanese store and have its prices outside the country automatically updated as exchange rates and taxes change around the world.“

MacRumors

If the developer wants to continue to set prices in the App Store individually depending on the region, this option will remain. Nonetheless, This improvement is appreciated when working with a large volume of applications. under the same development company.

While these changes are available starting today for apps that offer auto-renewable subscriptions, other apps in the App Store will have to wait. Even when? “Spring 2023” is the only thing that Apple guarantees in this section.

On the other hand, starting in 2023, Apple will ensure that developers using paid apps and in-app purchases can set prices locally. This way, they won’t be affected by automatic price adjustments when the time comes.