What you need to know
- Apple has filed court documents detailing the Epic Games Store earnings.
- According to the documents, the store is expected to post losses of $273 million for 2020.
The Epic Games Store is not a source of revenue for Epic Games, and the company does not seem to care.
As reported by Ars Technica, Apple recently submitted court documents that detail the earnings, or lack thereof, of the Epic Games Store. According to the documents, the store incurred losses of $181 million back in 2019 and those losses are only expected to grow in the short term.
The reason for the losses that Epic is seeing on the store has everything to do with the free titles that they offer to users on a rotating basis.
While Apple claims that Epic will not see any positive revenue from the store until 2027, Epic Games believes they will reach profitability by 2023. The company has been able to use profits from other areas, like its immensely profitable Fortnite, to fund other ventures such as the store.
Epic Games continues its crusade against Apple as the companies are nearing a court date in the United States. Most recently, the studio opened up another antitrust lawsuit against Apple in the UK.
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Joe Wituschek is a Contributor at iMore. With over ten years in the technology industry, one of them being at Apple, Joe now covers the company for the website. In addition to covering breaking news, Joe also writes editorials and reviews for a range of products. He fell in love with Apple products when he got an iPod nano for Christmas almost twenty years ago. Despite being considered a "heavy" user, he has always preferred the consumer-focused products like the MacBook Air, iPad mini, and iPhone 13 mini. He will fight to the death to keep a mini iPhone in the lineup. In his free time, Joe enjoys video games, movies, photography, running, and basically everything outdoors.