Google slashes service fees in app store after similar move by Apple

Google said on Thursday that it’s lowering service fees in its app store after a similar move by Apple, as both companies face pressure from lawmakers and regulators to make their mobile stores more accessible to developers.

The service fee for subscriptions in the Google Play store will drop from 30% to 15% from day one, Google said in a press release. Under the current model, developers must pay a 30% cut on…