New updates have been reported about Epic Games (PC:EPCGM)
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Epic Games has achieved a significant legal victory against Apple, which has profound implications for its business strategy and financial performance. Following a protracted legal battle over Apple’s 30% fee on iOS App Store transactions, a judge reaffirmed that Apple cannot prevent developers from directing users to make purchases outside its ecosystem. This ruling has paved the way for Epic to reintroduce Fortnite to the iOS App Store, where it will encourage users to purchase digital goods directly through Epic, offering them better pricing and bypassing Apple’s fees.
In a strategic move to capitalize on this legal win, Epic Games has announced that its Epic Games Store will now allow developers to establish webshops. This feature enables developers to offer out-of-app purchases, circumventing fees from major platforms like Apple and Google. Epic’s decision to waive its 12% revenue share on the first $1 million earned by each game annually further incentivizes developers to utilize its platform. This initiative is expected to attract more developers to the Epic Games Store, enhancing its competitive position in the digital marketplace. As Epic Games continues to leverage legal rulings to expand its ecosystem, the company is poised to strengthen its market presence and offer more favorable terms to developers, potentially reshaping the digital distribution landscape.