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Google Said to Slash Amount it Keeps from Sales on its Cloud Marketplace

Google Said to Slash Amount it Keeps from Sales on its Cloud Marketplace

Google Cloud Platform is reportedly cutting its percentage revenue share to 3 percent from 20 percent.

By Reuters | Updated: 27 September 2021 10:36 IST

Google Said to Slash Amount it Keeps from Sales on its Cloud Marketplace

When customers buy software from other vendors on Google Cloud, Google will take a smaller cut

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Highlights

Google cut service fee it charges developers on its app store by half
Apple in November last year said that it planned to lower its commissions
A spokesperson said their goal is to provide partners with the best

Google will take a smaller cut when customers buy software from other vendors on its cloud marketplace, CNBC reported on Sunday.

The Google Cloud Platform is cutting its percentage revenue share to 3 percent from 20 percent, CNBC said, citing a person familiar with the matter.

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"Our goal is to provide partners with the best platform and most competitive incentives in the industry. We can confirm that a change to our Marketplace fee structure is in the works and we'll have more to share on this soon," a Google Cloud spokesperson said in a statement to Reuters.

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Earlier this year, Google cut the service fee it charges developers on its app store by half on the first $1 million (roughly Rs. 7.3 crores) they earn in revenue in a year. Google had said that it would cut app store fees to 15 percent from 30 percent effective July 1 — a move impacting most of the developers on its app store.

In contrast, Apple in November last year said that it planned to lower its commissions only for developers who make $1 million (roughly Rs. 7.3 crores) or less in proceeds in a year from its app store.

© Thomson Reuters 2021

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