Apple May Spend Over Half a Billion on its Subscription Game Service

Apple May Spend Over Half a Billion on its Subscription Game Service

Which still doesn't have a launch date other than the understanding that it's coming later this year, but it seems that the iPhone maker has made a decision to spend several hundred million dollars on more than 100 games, for a total spend of more than $500 million on this offering that users will pay a monthly fee for.

According to the Financial Times report, Apple is spending "hundreds of millions" of dollars to make sure that iPhone users don't have to look anywhere else for their gaming needs. 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.

Some analysts are predicting that video game subscriptions could become a multi-billion dollar business for Apple within the next few years, the Financial Times said, but it's going to have to make some hefty upfront investments without knowing if Arcade will be successful. Several sources told the Times that most of the more than 100 games planned for the service have budgets in the millions of dollars - a lot for mobile and the indie market Apple is targeting, but not extraordinary when compared against the video game industry, where seven-figure budgets or more tend to be par for the course.

Alexandria Ocasio-Cortez Is Quitting Facebook
Elizabeth Warren, D-Mass. "I hope to play a facilitating role in this conversation and a supportive role in this conversation". I think everyone should just look at the clip and decide for themselves. "I would go back and do it every day if I could".

Lori Loughlin and husband plead not guilty in college admissions scandal
Courthouse after appearing in Federal Court to answer charges stemming from college admissions scandal , April 3, 2019, in Boston. Lori and husband Mossimo Giannulli live in a handsome newly remodeled 12,000 square-foot mansion in Bel Air with six bedrooms.

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The matches were played in Captain's Draft mode, where each team can ban characters to prevent the other from selecting them. OpenAI Five lost out at last years World Championships where it failed to defeat the two pro teams it was put up against.

That's in contrast to the more than $1 billion Apple is reportedly spending on its upcoming television and news subscription services. The advance given by Apple to game title developers is more than enough to cover their game development cost. Nevertheless, analysts at HSBC think Apple stands to generate nearly $400 million in Arcade revenue next year - and nearly $3 billion ($2.7B, to be exact) by 2022.

Meanwhile, Apple refused to comment. A surprising one, at that, given how much attention has surrounded the launch of its Netflix rival.

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