Regulation may be needed for Apple, Google app stores if changes not made: Australian regulator

Apple and Google representatives told senators that their tight control over their stores and the associated revenue-sharing requirements were needed to enforce and pay for security measures to protect consumers from harmful apps and practices

(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) Australia's competition watchdog said on Wednesday regulation may be required to address the significant market power app stores owned by Alphabet's Google and Apple have if they do not take steps to assuage concerns. The has been criticised by some app makers for mandatory revenue sharing payments and strict inclusive rules by both companies.