Apple spending over $500 million for Apple Arcade games

Apple spending over $500 million for Apple Arcade games

Sources say Apple is spending hundreds of millions of dollars, and may exceed half a billion dollars in total funding, for its upcoming Arcade game subscription service, the Financial Times reported this weekend.

Apple Arcade will launch later this year with over 100 games from various developers. This is a promise the company plans to keep with its latest investment. Apple had announced the Arcade gaming subscription service along with its Apple TV+ and Apple News+ services at a special event back in March.

Apple is also reportedly offering extra incentives to game developers for granting temporary exclusive rights for their games to Apple.

While we wait to hear more details about Apple Arcade, read about how we're not sure if it can save mobile gaming and check out everything we know about Google Stadia. They can download and play as many as they want across multiple Apple devices, either online or offline. The Epic Games Store, which offers 88% of sales revenue to developers, is quickly becoming a major competitor to Steam, arguably PC gaming's biggest digital games distribution platform.

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Following Game 1, a frustrated Murray spent close to an hour shooting on the Nuggets' practice floor. The Jazz had 18 turnovers. "We struggled to make shots", said Nuggets head coach Michael Malone.

Meanwhile, the Apple App Store needs users to purchase specific games and find the ones that aren't clones of the popular apps.

HSBC predict that gaming could be worth nearly $5 billion to Apple by 2024, but in order to make the model work it is having to invest heavily in the immediate term. The full Apple Arcade launch lineup will represent the first true test, but as of now it certainly looks like Apple has a victor on its hands.

However, as many have pointed out, Apple will have to spend a pretty sizable amount to attract top titles that consumers will be willing to pay for.

First launched last month, Arcade gives users access to 100 titles from developers like Cartoon Network, LEGO, Sega, Konami and Annapurna Interactive, among others. Analyst expect it to cost $9.99 a month, similar to the Apple News+ service.