Apple on the hook for $16 billion revenue loss, and Netflix is to blame
What Tim Cook fails to mention, however, is that a huge chunk of the App Store revenues is coming via the 30% cut (15% after the first year) Apple takes from subscription service providers like Netflix or HBO. With more and more companies balking at the Apple or Google "tax," however, that revenue is under severe threat.
All in all, due to bailing subscription service providers and regulatory pressure, the App Store and Google Play may be forced to slash their average commission rates to much lower points than what we have now, losing a very lucrative, high-margin source of revenue. Where would all that money go? Hopefully, in more original Netflix series, although Apple has plans for that market, too.