Apple Reportedly Spending $500M for Apple Arcade Launch

Apple Spending Millions of Dollars To Secure New Games for Apple Arcade

Apple Spending Millions of Dollars To Secure New Games for Apple Arcade

The exclusivity will only be for a few months though and after that, they will be free to release their games on any platform they want.

The company also announced some titles for the service, including Beneath a Steel Sky, Sonic the Hedgehog, and games from Giant Squid, Cartoon Network, Snowman, Konami, Lego, as well as several titles from independent developers such as Boosa Studios Ltd, Annapurna Interactive and ustwo.

As reported by the Financial Times, which claims to have spoken with multiple sources familiar with the matter, the iPhone maker will "likely" splash out over $500 million to create a tantalizing portfolio of top-notch mobile games. The money is going toward securing new games for the service, which launches sometime this fall in 150 countries.

HSBC analysts anticipate that the firm could count 29 million Arcade users in 2024, who would be paying subscription cost of $12.99 per month.

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Shortly before Apple's announcement of their games subscription service, Google announced Google Stadia, their own games streaming platform, which is said to be more powerful than both PS4 and Xbox One combined.

As for the revenue model, it's believed developers will receive an ongoing stream based on how much time users spend playing their games.

The report details how far the Cupertino brand is willing to go to eke out a strong lineup of games to encourage players to subscribe to Arcade. Apple has made it clear that it plans to not merely curate games for Apple Arcade, but actually actively participate in their development.

Although Apple Arcade is a bit of a moonshot on Apple's part, many industry analysts have been predicting that subscriptions are the future of mobile gaming. If all of that holds true, it may be a result of passivity vs. activity - with TV shows, of course, you watch to unwind, while gaming is a much more active, less passive, endeavor.

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