Apple spending $500 mn over ‘Arcade’ gaming service

Apple is reportedly spending over $500 million to build its own stable of “Arcade” gaming service.

The iPhone-maker announced its first-ever game subscription service called Apple Arcade in March that would feature over 100 new and exclusive games, including original releases from renowned creators like Hironobu Sakaguchi, Ken Wong and Will Wright.

“Apple is spending ‘hundreds of millions’ of dollars, ‘likely’ over $500 million in total, to secure games for the subscription offering.

“It’s reportedly spending ‘several’ million dollars per game, and is offering perks if developers grant temporary exclusives that keep titles off Android or even console subscriptions like the Xbox Game Pass,” the Financial Times reported on Sunday.

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