News Epic Games Store

[Arc]

Epic unveils bold plan to pay penalties levied by Apple to tempt developers onto its mobile store

Epic Games has announced a fresh push to convince app developers to launch their games on the company's fledgling mobil…

www.eurogamer.net

"The word for spending more money than you're making intentionally when you have a great business underneath is investment, and that's is what we see this as. It's an investment in Epic's future, both our future developer as a game developer ourselves - we see a much greater opportunity for Fortnite's future if iOS is open, and competition is allowed on iOS and Android, but we also see opportunities for all developers, and because we have businesses serving all developers such as Unreal Engine and Epic Games Store and our online services."

He hasn't learned a thing considering that is the exact same wording as the layoff memo from 2023. I wouldn't be surprised to read about another round of them in the future.

 

[Arc]

https://www.ign.com/articles/tim-sweeney-says-epic-can-afford-to-keep-spending-billions-fighting-apple-and-google-for-the-future-of-fortnite-on-mobile-for-decades-to-come

Speaking to outlets including IGN ahead of today’s announcement, Sweeney said Epic had invested over $1 billion in the Epic Games Store so far. Sweeney also said Epic has been spending more money than it’s making every year “because we choose to reinvest in growth.” And it’s pumping “the greater part” of $1 billion a year trying to expand its business into mobile — including its fight with Apple and Google.

EGS is still unprofitable. Remember when it was supposed to reach profitability like uh, several years ago?

 

[curi0usBystander]

EGS is still unprofitable. Remember when it was supposed to reach profitability like uh, several years ago?

That tracks, I don't remember if it was Epics projection or an Apple projection (during the trial) that said that the store would not be profitable until 2027 (but I don't think that was factoring the mobile initiative so ...)

 

[thekeats1999]

I mean, they still have plenty of people they can lay off to fund his ego.

and even I am unsure if this counts as sarcasm or reality.

 

[Alextended]

Can't wait for Timmy to launch an Unreal Engine optimized (both ways of course) Epic Games Console and then start legally warring against every company not putting their games on it as anti consumer bragging about how he's doing it for the gamers to unshackle games from mediocre hardware. Many (idiots) will clap.

 

[Arc]

It's Joever.

That tracks, I don't remember if it was Epics projection or an Apple projection (during the trial) that said that the store would not be profitable until 2027 (but I don't think that was factoring the mobile initiative so ...)

Epic expected a cumulative profit by 2027, but an operating profit by 2023.

Can't wait for Timmy to launch an Unreal Engine optimized (both ways of course) Epic Games Console and then start legally warring against every company not putting their games on it as anti consumer bragging about how he's doing it for the gamers to unshackle games from mediocre hardware. Many (idiots) will clap.

Epic doesn't have the chops to make hardware. My prediction is they'll team up with Microsoft to have EGS on the next Xbox, and then use that to backstab Sony and Nintendo to litigating EGS on their hardware.