Tencent-Backed Epic Games Brings Fortnite Back On The iPhone, This Time With An Entire App Store After Its 4-Year-Long Battle With Apple
Portfolio Pulse from Benzinga Neuro
Tencent-backed Epic Games has reintroduced Fortnite on the iPhone along with an entire app store, following a four-year legal battle with Apple. The launch is facilitated by the EU's Digital Markets Act, which forced Apple to allow the app. Epic Games criticized Apple and Google for their lengthy installation processes and continues to fight against their anticompetitive terms. The Epic Games Store will also be available on independent mobile stores like AltStore PAL and Aptoide's iOS store in the EU.
August 16, 2024 | 12:05 pm
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NEGATIVE IMPACT
Apple has been forced to allow Epic Games to reintroduce Fortnite and its app store on iPhones in the EU due to the EU's Digital Markets Act. This could lead to increased competition and potential revenue loss for Apple's App Store.
The EU's Digital Markets Act has forced Apple to allow Epic Games' app store, which could reduce Apple's control over app distribution and impact its App Store revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Epic Games criticized Google for its lengthy installation process on Android devices. The integration of third-party app stores like the Epic Games Store could take 12-18 months and cost Google between $60 million to $137 million.
Epic Games' criticism and the potential high costs for integrating third-party app stores could negatively impact Google's operations and financials in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80