Connect with us

Bloomberg Technology

Fortnite Owner Says Apple Supports Unfair Business Practices

Jul.31 — Tim Sweeney, chief executive officer of Fortnite owner Epic Games, discusses his view on Apple’s antitrust behavior on “Bloomberg Technology.”

Published

on

Jul.31 — Tim Sweeney, chief executive officer of Fortnite owner Epic Games, discusses his view on Apple’s antitrust behavior on “Bloomberg Technology.”

Continue Reading
Advertisement
26 Comments

26 Comments

  1. Chris Chris

    July 31, 2020 at 11:21 pm

    So basically he wants to sell his products in Walmart but doesn’t want Walmart to benefit from them selling goods in their store…….

    • George Ing

      August 1, 2020 at 12:12 am

      That’s not true though – right. He wants the ability to open an alternative to Walmart – to be able to release an Epic Game launcher.

      I’m a macOS user, & an iOS user, but the fact that there is no conceivable way that Fortnite could let the 1 billion iPhone users make a purchase without giving Apple a 30% cut is pretty much the definition of a monopoly.

    • Chris Chris

      August 1, 2020 at 11:37 pm

      @George Ing Apple only takes a 30% cut from the 1st year of trading on the App store.. the rest is 15%. The fact that they want to open an alternative to Walmart is fine, he just can’t do that inside Walmart.. they need to go somewhere else because Walmart will not let them.

    • George Ing

      August 2, 2020 at 3:57 am

      Hey, so I don’t doubt your sincerity, and I can see the easy miscommunication in the way it’s portrayed by Bloomberg.

      But that’s not actually correct, Apple take 30% of your apps revenue (not profits!) regardless of how long your company has been trading on the AppStore. That 30% only drops to 15% where a user has picked a subscription, and that subscription has exceeded a year – from my experience in the industry, a rare occurrence.

      On the point of Walmart, that’s not a decent comparison because Walmart has competition. I am allowed to leave the Walmart store to purchase products elsewhere, the same is not true of Apple. The only way for me to buy Apps elsewhere is to spend another thousand bucks on a product – almost the literal definition of monopoly tactics.

      That doesn’t mean Apple has to start supporting third party loaders like Android does, but forcing developers to use your store, and taking 30% of their revenue whilst banning them from replacing you as a payment option?

      Yes that is anti-competitive.

  2. Liberal Christo

    July 31, 2020 at 11:26 pm

    Break big Tech now!!!

  3. Steven Scott

    July 31, 2020 at 11:35 pm

    0:41
    beautiful-girls.online

  4. John Lewis

    July 31, 2020 at 11:36 pm

    0:38
    awesome-teens24.online

  5. Gerardo Buenrostro

    July 31, 2020 at 11:43 pm

    The thing is… I don’t want an alternative payment provider. I want one, that’s why I bought an iPhone.

    • Athear Nasery

      August 3, 2020 at 12:40 am

      yeah same. with that being said, taking 30% of apps revenues is insane.

  6. To Pi

    August 1, 2020 at 12:11 am

    There would be no platform…. if Apple didn’t create it…..

  7. Raheem Campbell

    August 1, 2020 at 1:35 am

    Has anyone realized how valuable the App Store is? Imagine getting pushed to the front of the store and other benefits.

    Google play store is full of malware and credit cards scams cause developers can use any payment provider. As a developer I’ll gladly give them my 30% for security

  8. itint

    August 1, 2020 at 1:36 am

    They are a platform. If you dont’’like it, create yours.

    • mac berry

      August 1, 2020 at 8:42 am

      You can do that but Google isn’t going to make a YouTube app for a completing platform unless they somehow become popular than Apple and Android combined. Just ask Microsoft and Amazon what it’s was like trying get YouTube on their platform without Google sueing them

  9. Garfield Grant

    August 1, 2020 at 2:16 am

    Let me get this, you want to come to my house say what you want to say do what you want to do and expect me to just be okay with it? 🤔

  10. mac berry

    August 1, 2020 at 4:34 am

    He keeps saying thirty percent but that doesn’t explain the whole situation. The problem is Apple makes it hard to escape paying that fee. Huge legitimate companies that can afford their own infrastructure have to pay Apple a fee and it would be different if Apple was helping to acquire new customers but Apple is just a portal like a cable company. Netflix and Amazon are the biggest companies that have fought Apple to have more power on Apples platform. The iPhone is supposed to be a luxury device but all the apps cost anywhere from one dollar to five and the biggest money makers are games because they trick people into giving more money to help win the game or get upgrades

  11. steppa money

    August 1, 2020 at 5:59 am

    Nope the reason why it is so secure is because its locked off. It would open up to a world of holes. Updates would be a nightmare too.

  12. Captain Bum face

    August 1, 2020 at 8:52 am

    What Apple? Whom uses child slave labour with suicide nets in China, and charge $700 for wheels and $1000 for a monitor stand are guilty of bad business practices?

  13. Exoticc Matt

    August 1, 2020 at 3:08 pm

    mobile on fortnite sucks ass anyway who cares

  14. Exoticc Matt

    August 1, 2020 at 3:09 pm

    and y have an epic games store on ios anyway? half the games aren’t playable

  15. dada

    August 1, 2020 at 4:12 pm

    It is not a problem for now!! Trump seem try to change the main stream
    We can talk about fair internet later!!!

  16. Armadillo

    August 1, 2020 at 4:19 pm

    Says the gaming industry’s biggest hypocrite.

  17. Oscar Fish

    August 1, 2020 at 7:02 pm

    Wait, did Sweeney copy that statement??

  18. Danny007

    August 1, 2020 at 7:25 pm

    Funny how he is complaining about business practices. You’d think sweeny would be more focused on getting his shitty controversial epic games store fixed and fully featured rather than complaining about not being able to put it on more devices.

  19. Sup

    August 1, 2020 at 8:46 pm

    Humpty Dumpty

  20. 1k subs before 2021?

    August 2, 2020 at 7:59 pm

    To the people who read this comment: Stay Safe and have a nice day!

  21. 100 subs with no videos challenge

    August 2, 2020 at 9:48 pm

    (read my name) #2

Leave a Reply

Your email address will not be published. Required fields are marked *

Bloomberg Technology

Tech Leaders Approach Trump, Intel Seeks Altera Buyers | Bloomberg Technology

Bloomberg’s Caroline Hyde breaks down how President-elect Donald Trump and Elon Musk wield their political power as the government works to avoid shutting down. Plus, the Big Tech leader merry-go-round at Mar-a-Lago continues with Jeff Bezos the latest to try and influence Trump’s policies and decisions. And, private equity firms are competing for Intel’s programmable…

Published

on

Bloomberg’s Caroline Hyde breaks down how President-elect Donald Trump and Elon Musk wield their political power as the government works to avoid shutting down. Plus, the Big Tech leader merry-go-round at Mar-a-Lago continues with Jeff Bezos the latest to try and influence Trump’s policies and decisions. And, private equity firms are competing for Intel’s programmable chip arm Altera.
——–
“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

Like this video? Subscribe and turn on the notifications for Bloomberg Technology on YouTube:

Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

Get the latest in tech from Silicon Valley and around the world here:

Follow Ed Ludlow on Twitter here:
Follow Caroline Hyde on Twitter here:

Connect with us on…
Twitter:
Facebook:
Instagram:

Continue Reading

Bloomberg Technology

The Rise of Agentic AI

Creatio CEO and Founder Katherine Kostereva joins Caroline Hyde to discuss the rise of AI agents taking front-line interactions from customer service to sales, and to give her outlook for the space in 2025. She speaks on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes…

Published

on

Creatio CEO and Founder Katherine Kostereva joins Caroline Hyde to discuss the rise of AI agents taking front-line interactions from customer service to sales, and to give her outlook for the space in 2025. She speaks on “Bloomberg Technology.”
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

 
Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

 
Get the latest in tech from Silicon Valley and around the world here:

Connect with us on…
X:
Facebook:
Instagram:
 
Follow Ed Ludlow on X here:
Follow Caroline Hyde on X here:
 
Listen to the daily Bloomberg Technology podcast here:

 
More from Bloomberg Business
Connect with us on…
X:
Facebook:
Instagram:
LinkedIn:
TikTok:

Continue Reading

Bloomberg Technology

Bitcoin Slumps: Trump Euphoria Gives Way to Fed Wariness

Bitwise Asset Management CIO Matt Hougan tells Caroline Hyde why he believes the latest weakness in crypto and Bitcoin over the last few days is a “healthy pullback” which does not take away from the asset class’s overall great run this year. He speaks on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on…

Published

on

Bitwise Asset Management CIO Matt Hougan tells Caroline Hyde why he believes the latest weakness in crypto and Bitcoin over the last few days is a “healthy pullback” which does not take away from the asset class’s overall great run this year. He speaks on “Bloomberg Technology.”
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

 
Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

 
Get the latest in tech from Silicon Valley and around the world here:

Connect with us on…
X:
Facebook:
Instagram:
 
Follow Ed Ludlow on X here:
Follow Caroline Hyde on X here:
 
Listen to the daily Bloomberg Technology podcast here:

 
More from Bloomberg Business
Connect with us on…
X:
Facebook:
Instagram:
LinkedIn:
TikTok:

Continue Reading

Trending