Apple investing millions into its new gaming platform
The platform will compete against others created by Google, Microsoft and more
It seems like everyone is looking to get into the video game industry. Google recently announced a streaming video game service, Walmart is planning on getting in on the fun, as well and even Apple is looking to diversify its portfolio away from cell phones. Apple’s platform, Apple Arcade, is gearing up to be a true contender and the company has reportedly spent over $500 million to get the service up and running.
Apple Arcade is available to consumers who have an iPhone, iPad or Mac or who own Apple TV devices. The platform reportedly will start by offering 100 different titles, with others to be added as Apple Arcade is developed further.
According to Apple, the games that will be made available will include works by companies such as Cartoon Network, Sega, Disney, Klei Entertainment, Konami, Lego, Bossa Studios, Annapurna Interactive and more. It appears that the Apple Arcade will offer a very diverse portfolio of games that could run the gambit from simple indie games to popular titles.
Most analysts believe that Apple’s gamble is going to pay off. The company is expected to make almost $400 million in revenue from its Arcade next year and as much as $2.7 billion within three years. Comparatively speaking, Apple TV+ is expected to make $2.6 billion within three years.
Apple Arcade and Apple TV+ are both expected to be introduced this fall. However, the prices for the platforms have not yet been disclosed.