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| Apple products compete with PlayStation and Xbox as gaming platforms |
Apple said in a regulatory document that its products compete as a gaming platform with Sony's PlayStation, Microsoft's Xbox, and Nintendo Switch.
The company previously said that it is competing for developer interest with Google's Android on smartphones and Microsoft Windows on PC.
Earlier this year, Epic Games filed an antitrust lawsuit against Apple's competitors.
Apple argues that it does not have a monopoly because its App Store competes with other gaming platforms that have also offered Fortnite, and Epic Games has been banned from its App Store by Apple.
At the time, the company did not list the gaming equipment as a competitor on the SEC's records.
The judge ruled that Apple does not have a monopoly in the market for mobile game transactions. But he ordered the company to change its business practices and allowed developers to stick to payment methods that Apple doesn't support.
The company's annual filing update also reflects its gaming earnings on mobile phones and tablets.
According to the court ruling in the Epic Games lawsuit, about 70% of all App Store revenue comes from game apps.
The company is also increasingly focused on meeting the needs of those involved in product decisions. And in September, the iPhone 13 Pro model was launched, whose screen can improve the refresh rate, which is a popular feature among gamers.
Total sales on the App Store will exceed $64 billion in 2020. The Wall Street Journal reported earlier this month that the company's income from games exceeded that of companies such as Microsoft, Nintendo and Sony.
All Apple Store revenue comes from game apps
The company warned investors in its annual filing that it may need to make other changes to its app store, which could reduce the number of apps downloaded and the commissions associated with them.
The company announced in its filing with the US Securities and Exchange Commission that it was also the subject of litigation and investigation.
The survey is linked to the App Store. These investigations led to changes in labor practices. This could lead to more changes in the future.
The company receives 15-30% of paid software downloads, in-app purchases, and subscriptions that third-party apps sell through its App Store.
The App Store is part of the after-sales service. The company's revenue for fiscal year 2021 was $68.43 billion.
The company has not disclosed any information about revenue from its services, which include subscriptions, extended warranties, and ads.
According to the document, sales in the service sector increased over the past year. This is due to the growth of ads, app stores, and the cloud. However, he warned that his advertising activity could be jeopardized by the increased scrutiny of other technology companies.
The company said in the document: The company provides research services through the company's platform and applications through licensing agreements with other companies and generates revenues from them. Some of these agreements are currently the subject of state investigations and legal action.
Although Apple did not mention Google by name. But it has a lucrative license agreement under which Google will be the default search engine on the iPhone.
The Department of Justice cited public estimates in its antitrust lawsuit against Google. She said Google paid Apple between $8 billion and $12 billion each year as part of that deal.