These aren't even in the same league of similarity. Dumping chemicals harms society -- even those who are not participating in a particular market. Apple dumping a dev? Not even remotely close. A company should have the right to terminate a business arrangement provided the terms of the contract governing such an arrangement are upheld.
Imagine it this way: you are a contract developer, should you have no right to terminate a contract with a client under the terms of the agreement? Almost every contract I'be ever signed as a developer has some form of "either party can terminate this agree with <some days> notice."
From what I am reading here, we want to hold Apple to different rules than the ones we ourselves routinely follow?
I get it: Apple should give the guy an explanation. However making laws to require it? That's absurd. Should there be a law that when a girl (or guy) doesn't accept a dinner invitation that they provide a valid reason? That's really what this comes down to. And no, Apple isn't a monopoly. This company can still sell their products, just not at that particular store.
I feel bad for the situation, but extending government power into private business relationships is a bad idea. Contract law already covers this.
Society isn't harmed by this company not being able to sell on the App Store. This isn't dumping chemicals into rivers or denying service based on skin color.
If the developer was wronged, he could file a lawsuit. However given that the contracts governing the relationship were known in advance, the situation is just the realization of the risks inherent in doing business.