Many eyes in the technology and gaming world are watching the battle between Epic Games and Apple (NASDAQ: AAPL).
The battle that is taking place in the courtroom could affect the share prices of several companies, as well as changing the structure of how revenue is shared between gambling companies and mobile operators.
What happened: A conference call in court to launch the case ran into problems from fans shouting “free Fortnite” as the call was public and over 200 people were unmuted for more than 20 minutes.
Tim Sweeney, CEO of Epic Games, former Apple employees and employees of other companies who testify on behalf of the gambling company will be present at the trial.
Apple CEO Tim Cook and other Apple executives will represent the giant tech company.
While Fortnite fans are thrilled, Epic Games should be publicly announced for the first time, along with the huge amount of money the game company has made from the game.
In 2018 “Fortnite” had sales of 5.5 billion US dollars. The following year, the game had sales of $ 3.7 billion and in two years had sales of over $ 9 billion for Epic Games.
The documents for the study also show a decline in 2020, both from previous years and from Epic Games’ own predictions.
Epic Games had forecast sales of $ 2.8 to $ 3.6 billion for 2020. The company now sees Fortnite sales of $ 2.8 billion in fiscal 2020.
The monthly active users of “Fortnite” amounted to 60.6 million in fiscal year 2020 after 65.1 million in the previous year.
The documents show that “Fortnite” was the main source of income for “Fortnite” and has a much greater impact than other games owned.
Related Link: Apple Confronts Epic Games Antitrst Lawsuit Over Unfair App Store Practices Today
What’s next: In the battle between Apple and Epic Games, Fortnite could be added to the iOS App Store again. Rulings from the hearing could affect the amount Apple publishers can charge from revenue generated on the iOS App Store.
Epic Games is 40% owned by Tencent Holdings ADR (OTC: TCEHY). Shares in the big Asian tech giant could trade in response to news that Apple or Fortnite are getting a lower license fee on Apple devices.
Fortnite is working on new growth plans, including further integrating its NBA partnership.
Internal company documents show an upcoming basketball mini-game starring LeBron James and Zion Williamson. It is also rumored that LeBron James will be featured in the game soon after following skins from Marvel characters, NFL teams, and soccer star Neymar.
Price action: Tencent shares lost 1.78% on Tuesday to close at $ 78.70.
Apple shares fell 3.54% to $ 127.85.
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