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Epic Games VS Apple: Trial set to begin on Mon, App Store profits in focus


Apple reportedly registered profits as high as 78 per cent from its App Store in 2018 and 2019, an expert witness for Epic Games has testified, as the Cupertino-based tech giant and Fortnite game developer prepare for a legal battle in the US beginning Monday.
According to The Verge, expert Ned Barnes testified that information from Apple s Corporate Financial Planning and Analysis group show the App Store had a 77.8 percent operating margin in 2019, and 74.9 percent in 2018 .
Apple has contested that interpretation of the data, saying we don t have a separate profit and loss statement for the App Store .
Epic s experts calculations of the operating margins for the App Store are simply wrong and we look forward to refuting them in court, an Apple spokesperson was quoted as saying in the report on Saturday. ....

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Fortnite developer Epic Games raises $1 bn, including $200 mn from Sony


Fortnite developer Epic Games has announced that it completed a $1 billion round of funding, that includes an additional $200 million strategic investment from Sony Corporation.
With the new funding round that involved over a dozen investors, Epic s equity valuation has touched $28.7 billion.
Epic Games CEO Tim Sweeney said on Tuesday that the company will use the investment to help accelerate our work around building connected social experiences in Fortnite, Rocket League and Fall Guys, while empowering game developers and creators with Unreal Engine, Epic Online Services and the Epic Games Store.
Epic has used Sony s PS5 console to reveal its next-gen Unreal Engine 5 engine. ....

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Sony invests additional $200M as Epic Games raises $1B


Sony invests additional $200M as Epic Games raises $1B
​ By
IANS
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Sony.. Image Source: IANS News
San Francisco, April 14 : Fortnite developer Epic Games has announced that it completed a $1 billion round of funding, that includes an additional $200 million strategic investment from Sony Corporation.
With the new funding round that involved over a dozen investors, Epic s equity valuation has touched $28.7 billion.
Epic Games CEO Tim Sweeney said on Tuesday that the company will use the investment to help accelerate our work around building connected social experiences in Fortnite, Rocket League and Fall Guys, while empowering game developers and creators with Unreal Engine, Epic Online Services and the Epic Games Store. ....

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