Apple wanted to spend more than $ 500 MILLION to build its Arcade game subscription service
- Apple is budgeting half a billion dollars for the upcoming game service
- Company that gives extra money to developers who list titles exclusively on Arcade
- The service will be introduced later this year and the price has not been made public
Apple is taking the big bucks out for its new & # 39; Netflix for games & # 39 ;.
The iPhone maker took the wraps off his game subscription service, also known as Apple Arcade, at the end of last month during his & # 39; Show Time & # 39; event, where he also revealed news and video subscriptions.
Now Apple is willing to throw more than $ 500 million on Arcade to attract the best games for the upcoming service, according to the Financial Times.
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Apple debuted its game subscription service, called Apple Arcade, at the end of last month during its & # 39; Show Time & # 39; event. The company would spend more than $ 500 million on the service
Apple spends millions of dollars on each of the titles being developed for Arcade, the FT said, citing sources familiar with the situation.
The company donates extra money to developers who agree to place their games exclusively on Arcade, with the agreement that after a few months the titles can be offered on Android devices, Microsoft's Xbox or Nintendo Switch, according to the FT.
Arcade will appear this fall and allow users to play exclusive games ad-free on mobile devices, desktops and Apple TVs – meaning that you can stop playing on one device and continue where you left off.
If Apple has reserved around $ 500 million for Arcade, it is half the $ 1 billion budget that it had previously set for producing original content.
However, as many have said, Apple will have to spend a considerable amount to attract top titles that consumers are willing to pay for.
It is unclear how much Apple Arcade will cost, but HSBC estimates that the service could generate $ 4.5 billion in annual sales for the company in 2024, the FT noted.
Apple Arcade is a game subscription service that allows users to access more than 100 & # 39; exclusive & # 39; from almost anywhere. titles including mobile devices and desktops and your television
Apple Arcade, the company's new game subscription service, lets users play games on mobile, desktop, and Apple TV. It contains games from LEGO (photos & # 39; s), SEGA and others
HSBC analysts expect the company to have 29 million Arcade users in 2024 who would pay a subscription fee of $ 12.99 per month.
Arcade was launched last month and gives users access to 100 titles from, among others, Cartoon Network, LEGO, Sega, Konami and Annapurna Interactive.
So far, & # 39; Sonic Racing & # 39 ;, & # 39; Oceanhorn 2: Knights of the Lost Realm & # 39; and & # 39; Beyond a Steel Sky & # 39; some titles that are being launched for the first time as part of the service.
The release of Apple Arcade comes the moment Google & # 39; Stages & # 39; unveiled, a service that allows users to play, view and build games on any device.
In addition, Microsoft debuted its own competitor, called Project xCloud, which allows users to play high-quality games on their phones without needing an Xbox.
WHAT IS STADIA?
Stages builds on Google's & # 39; Project Stream & # 39; initiative, which allows users to play high-quality games in Google Chrome.
The service runs on & # 39; any screen type & # 39 ;, ignoring the traditional console.
Instead, users can play games with their existing laptops, desktops, TVs, tablets or phones and use their own keyboard or mouse.
Google debuted its new gaming service and a new controller with the Google brand. Called Stages, it works entirely in the cloud and allows users to play games from any device
When users see their favorite YouTuber streaming a game, they can press the & # 39; Play Now & # 39; clicks and within a few seconds they will be launched immediately on their screen.
Stages supports a resolution of up to 4K with HDR color at 60 frames per second and could quickly support up to 8K resolution with up to 120 frames per second.
The service is scheduled to launch later this year, with game titles expected to be announced this summer.