Apple × Tencent Team Up: Can Apple Stock Hit $300 by Year-End?
Tencent has reached an agreement with Apple under which Apple will handle payments and take a 15% commission from in-app purchases and mini-games on WeChat.
The resolution — following more than a year of negotiations between the two tech giants — opens up a new revenue stream for Apple while easing pressure on Tencent.
Is this deal a win-win?
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