Rumor: Apple admits it competes with Nintendo, PlayStation, and Xbox as games generate the majority of App Store revenue.
But this time around, it turns out the iPhone maker is highlighting just how much it values ââgaming through its plethora of products.
In fact, even with the profits of the game companies, Activision, Microsoft, Nintendo and Sony, Apple still reigns supreme, at least in terms of revenue.
Apple’s regulatory filing aside, the Cupertino giant’s previous revenue history has shown the iPhone maker beating other gaming giants in terms of profit.
On top of that, apart from Apple’s product offerings. The Cupertino-based tech giant also has its gaming-focused platform called Apple Arcade.
Nonetheless, some sketchy rumors have surfaced recently claiming that Apple is secretly working on its handheld game console, similar to the Nintendo Switch or the upcoming Steam Deck of Valve.
However, unlike Sony, Microsoft, and Nintendo, the iPhone maker has yet to produce its game console or a product that bills itself as a gaming device.
In addition, reports also suggest that Apple’s game console may house game titles that could compete with Nintendo’s exclusive games, namely “Mario Odyssey” and “Legend of Zelda”.
But the Cupertino giant has yet to confirm such news.
It’s worth noting that Apple’s all-new iPhone 13 Pro Max and even the latest MacBook Pro models now support a 120Hz refresh rate, a feature that’s loved by gamers because of its smooth and smooth experience. This illustrative photo shows the Apple App Store logo reflected by an iPhone on the back of an iMac in Los Angeles on August 26, 2021. – Apple has agreed to ease payment restrictions on its App Store , a major change announced in a settlement with small developers as the US tech giant faces intense scrutiny and growing legal challenges in its tightly controlled online market. The change will allow small developers to let their customers know about alternative payment options beyond the official App Store.
On top of that, Epic Games’ trial also found that the majority of Apple’s App Store revenue came from gaming apps, which account for 70% of the market’s $ 15.9 billion total profit. applications. And now Apple is further proving its claim at trial with its latest regulatory filing.
Summary of the news:
- Apple admits that it competes with Nintendo, PlayStation, and Xbox because games generate the majority of App Store revenue.
- Check out all news and articles for rumors updates.