Epic Games Announces Expansion To iOS And Android Platforms
Portfolio Pulse from Benzinga Neuro
Epic Games, owned by Tencent (OTC:TCEHY), announced its expansion to iOS and Android platforms, aiming to offer equitable terms for all developers and a multi-platform experience. This move challenges the dominant app stores and follows a significant victory in Europe where Apple (NASDAQ:AAPL) reversed its ban on Epic Games, aligning with the Digital Markets Act.
March 21, 2024 | 9:50 am
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POSITIVE IMPACT
Tencent's Epic Games announces expansion to mobile platforms, challenging existing app stores and promoting equitable developer terms.
Tencent's ownership of Epic Games directly ties its financial performance to Epic's success. The expansion to mobile platforms could significantly increase user base and revenue, positively impacting Tencent's stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Apple reverses ban on Epic Games in Europe, allowing them to introduce their app store on iOS, following pressure from EU officials.
While the reversal of the ban on Epic Games by Apple under EU pressure is a positive development for Epic, it's uncertain how this will affect Apple's stock in the short term. It could introduce competition but also demonstrates Apple's compliance with regulatory demands.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70