This Week in Business is our weekly recap column, a collection of stats and quotes from recent stories presented with a dash of opinion and intended to shed light on console sales, new trends, and more. Check back every Friday for a new entry.
EA filed its annual report with the Securities and Exchange Commission this week, giving us our yearly peek at the obscene amount of money the company makes from loot boxes.
We are closing in on one out of every three dollars EA brings in coming from gambling. Or at least, gambling as it s defined in the Netherlands. Or in academic research. Or in the minds of most gamers.
Epic vs Apple - Week Three In Review: Who will the judge find in favour?
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Epic-Apple Judge Signals Her Ruling Won t Make Either Side Happy
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by Tyler Durden
Friday, May 21, 2021 - 10:21 AM
As tech regulators in Europe and the US work to challenge the monopolistic market power of American tech giants like Apple, Google, Facebook and Amazon, a key moment in one of the most closely watched corporate court battles in recent memory is about to arrive: Apple is summoning CEO Tim Cook to take the stand Friday to defend the company from accusations of price gouging levied by Epic Games.
Epic Games sued Apple after it barred Fortnite, its hit game, from the app store after the company introduced a payment workaround to avoid what it claimed were Apple s onerous commissions. For the past two weeks, a judge has been hearing arguments from both sides. But Cook is expected to lay out the company s most comprehensive defense against a rival s allegations that it has grown into an illegal monopoly, the AP said.