Tag: epic games

  • Highest Valued Startups in the World | Most Valuable Startups

    There are over a billion successful startups in the world, every startup strives hard to be successful and reach the top, but only a few make it to the list of most valuable startups in the world.

    Being the most valuable startup is a perk in itself because the funds they possess happen to be much more compared to their rivals and other companies giving them an extra edge to grow.

    Here’s a list of the Top 15 Highest Valued Startups in the world:

    1. ByteDance, China
    2. Kuaishou, China
    3. Ant Group, China
    4. Airbnb, USA
    5. Stripe, USA
    6. SpaceX, USA
    7. Didi Chuxing, China
    8. Klarna, Sweden
    9. Roblox Corporation, USA
    10. Grab, Singapore
    11. Canva, Australia
    12. Instacart, USA
    13. Databricks, USA
    14. UiPath, USA
    15. Revolut, UK

    ByteDance, China

    Startup Name ByteDance
    Headquarter Beijing, China
    Industry Internet
    Founder Zhang Yiming
    Founded March 2012
    Investors Kohlberg Kravis Roberts, SoftBank Group, Sequoia Capital,
    General Atlantic, and Hillhouse Capital Group.
    Products and services Toutiao, TikTok, BuzzVideo, Vigo Video, Helo, Xigua Video
    Lark, Babe
    Valuation $300 Bn (2022)

    Bytedance Founder | Zhang Yiming
    Bytedance Founder | Zhang Yiming

    Bytedance is the most valued startup in the world with a current valuation of $300 billion.

    ByteDance Ltd. is a Chinese multinational internet technology company headquartered in Beijing, ByteDance was founded by Zhang Yiming in 2012. ByteDance operates a range of content platforms that inform, educate, entertain, and encourage people across languages, cultures, religions, etc.

    ByteDance is the parent company of famous video-sharing social networking services TikTok and Vigo Video and many more, where the infamous app Tiktok crossed 2.6 billion downloads globally on the App Store and Google Play. As of now, it has over 1 billion monthly active users worldwide.

    Bytedance is also the parent company of Toutiao which is a news aggregator app that uses AI algorithms to track the habits of the reader and deliver relevant content.


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    Kuaishou, China

    Startup Name Kuaishou
    Headquarter Beijing, China
    Industry Internet
    Founder Su Hua and Cheng Yixiao
    Founded March 2011
    Investors Kuaishou counts Baidu and Sequoia Capital
    Products and services Sharing of short videos, photos, and live streams
    Valuation $287.98 Bn (2022)

    Kuaishou Founders | Su Hua, and Cheng Yixiao
    Kuaishou Founders | Su Hua and Cheng Yixiao

    Kuaishou is a short video social platform that is not much popular in western countries. It is a short video-sharing platform that has over 363.4 million daily active users and 626 million monthly active users in 2022. It is listed on most downloaded apps on google play and apps store outside of china, Kuaishou is often referred to as Kwai in overseas markets.

    Kuaishou was founded by Su Hua and Cheng Yixiao in march 2011. The direct competitor of Kuaishou is the infamous app Tiktok.

    Ant Group, China

    Startup Name Ant Group
    Headquarter Hangzhou, China
    Industry Fintech, banking, financial services
    Founder Jack Ma
    Founded October 2014
    Investors Warburg, Carlyle Group Inc, General Atlantic, Silver Lake Partners LP
    Products and services Online payments platform services, money market fund, Zhima credit, and more
    Valuation $70 Bn – $151 Bn (2022)

    Ant Group Founder | Jack Ma
    Ant Group Founder | Jack Ma

    Ant Group is an affiliate company of Chinese e-commerce giant, Alibaba. Previously known as Ant Financial and Alipay, Ant Group is the owner of the largest digital payments platform, Alipay, in China. The latter boasts of serving around 80 million merchants and approximately 1.3 billion users worldwide.

    The company is currently valued between $70 billion and $151 billion.

    Airbnb, USA

    Startup Name Airbnb
    Headquarter San Francisco, California
    Industry Lodging
    Founders Brian Chesky, Joe Gebbia, and Nathan Blecharczyk
    Founded August 2008
    Investors Greylock Partners, SV Angel, Sequoia Capital, Keith Rabois,
    Ashton Kutcher, Elad Gil, Jeremy Stoppelman, Y Ventures
    Products and services Lodging and Hospitality
    Valuation $57.54 Bn (2022)

    Airbnb Founders | Brian Chesky, Joe Gebbia, and Nathan Blecharczyk
    Airbnb Founders | Brian Chesky, Joe Gebbia, and Nathan Blecharczyk

    Airbnb is nothing but an accommodation marketplace that provides access to over 6 million unique places to stay comfortably and at their leisure in 220+ countries and regions. The company does not own any of the real estate listings, it just acts as a broker and earns a commission from each booking.

    Airbnb was founded by Brian CheskyJoe, Gebbia Nathan, and Blecharczyk in August 2008. Airbnb’s valuation dropped to $57.54 billion in 2022 from $130 billion (2021).

    Stripe, USA

    Startup Name Stripe
    Headquarter San Francisco, California, U.S
    Industry Financial services, Payment processor
    Founder Patrick Collison and John Collison
    Founded 2009
    Investors CapitalG and Khosla Ventures
    Products and services Payments Billing, Connect, Sigma, Atlas, Radar (fraud prevention), IssuingTerminal
    Valuation $74 Bn (2022)

    Stripe Founders | Patrick Collison and John Collison
    Stripe Founders | Patrick Collison and John Collison

    Stripe is an online payment processing platform for internet businesses. Stripe provides an API to web developers so that they can integrate payment processing on their websites and mobile applications. Stripe was founded by ‎Patrick Collison‎ and John Collison in 2009 in San Francisco, California, and the United States.

    Stripe allows other companies to receive payments over the internet with the help of its platform. Square, Adyen, PayPal, WePay, etc are the competitors of Stripe. As of 2022, 8,000 employees are working for the company.

    SpaceX, USA

    Startup Name SpaceX
    Headquarter Hawthorne, California, U.S.
    Industry Aerospace
    Founder Elon Musk
    Founded 2009
    Investors Google, Fidelity, Draper Fisher Jurvetson, Founders Fund,
    Valor Equity Partners, and Capricorn.
    Products and services Launch vehicles, rocket engines, Dragon capsules Starship (in development),
    Starlink, ASDS landing platforms, Orbital rocket launch
    Valuation $127 Bn (2022)

    SpaceX Founder | Elon Musk
    SpaceX Founder | Elon Musk

    It’s no surprise that SpaceX made it to the list of the top 10 most valuable startups in the world. SpaceX is a private American aerospace manufacturer and space transportation services company that manufactures rocket engines and thrusters. SpaceX has developed several launch vehicles and spacecraft.

    SpaceX was founded by Elon musk who also owns Tesla and PayPal, he founded SpaceX on 6 May 2002 which is now headquartered in Hawthorne, California, United States. SpaceX became the first private space company to launch humans into space. The main aim of SpaceX is to reduce space transportation costs and colonize Mars.


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    Didi Chuxing, China

    Startup Name Didi Chuxing
    Headquarter Beijing, China
    Industry Transportation
    Parent organization Beijing Xiaoju Technology
    Founder Cheng Wei
    Founded June 2012
    Investors Tiger Global, Matrix Partners, and SoftBank.
    Products and services Taxi, Express, Premier, Luxe, Bus, Designated Driving, Enterprise Solutions,
    Bike Sharing, E-bike Sharing, Automobile Solutions, and Food delivery
    Valuation $17.91 Bn (2022)

    Didi Chuxing Founder | Cheng Wei
    Didi Chuxing Founder | Cheng Wei

    Didi Chuxing is a world-leading mobile transportation platform. DiDi provides automobile services, including sales, leasing, financing, maintenance, fleet operation, electric vehicle charging, and co-development of vehicles with automakers. Didi uses artificial intelligence technologies and machine learning to optimize the dispatch system and route planning services of the platform.

    Didi is similar to the transportation service Uber, but it offers cheaper rides than Uber, DiDi platform provides over 10 billion passenger trips a year.  The subsidiaries of Didi include 99, Uber (China) Ltd, DIDI Bus, Xiaoju, Automobile Solutions Co., AssureSec, Qingju Bike, Shanghai Dahuangfeng, Network Information Technology Co. Ltd, Shanghai Shiyuan Technology Co., Ltd.

    Klarna, Sweden

    Startup Name Klarna
    Headquarter Stockholm, Sweden
    Industry Online payments, fintech, financial services
    Founders Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson
    Founded 2005
    Investors Sequoia Capital, Silver Lake, Bestseller Group, Dragoneer, Permira, Visa, Ant Group
    Products and services Online payment services, Sofort Paycode, Sofort Ident
    Valuation $6.7 Bn (2022)

    Klarna Founders | Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson
    Klarna Founders | Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson

    Klarna is a Stockholm, Sweden-based fintech company that offers online payment services to empower digital payments like payments for online storefronts and other direct payments, including post-purchase payments.

    In 2021, it raised funds valued at $639 Mn led by Softbank Vision Fund II and some other investors, which had shot its valuation to $46 Bn. But Klarna’s valuation dropped to $6.7 Bn from $45.6 Bn in July 2022.


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    Roblox Corporation, USA

    Startup Name Roblox Corporation
    Headquarter San Mateo, California, USA
    Industry Gaming
    Founders David Baszucki, and Erik Cassel
    Founded 2004
    Investors Andreessen Horowitz, Greenspring Associates, Temasek Holdings, Tencent
    Holdings, Greylock Partners, Tiger Global Management, Index Ventures,
    Meritech Capital Partners, and Kleiner Perkins
    Products and services Games and Roblox
    Valuation $15.18 Bn (2022)

    Roblox Corporation Founders | David Baszucki, and Erik Cassel
    Roblox Corporation Founders | David Baszucki, and Erik Cassel

    Roblox Corporation is a video game developer from America with headquarters in San Mateo, California. Roblox Corporation is best known for developing Roblox, an online gaming platform and game creation system, in 2006.

    Roblox’s valuation dropped to $15.18 billion in 2022 from $41.9 billion (2021).

    Grab, Singapore

    Startup Name Grab
    Headquarter Singapore
    Industry Technology, Transportation, Food delivery
    Founders Anthony Tan and Tan Hooi Ling
    Founded June 2012
    Investors Softbank, Didi, Honda, CIC, Toyota
    Products and services GrabTaxi, GrabCar, GrabHitch, GrabShare, GrabCoach, GrabShuttle,
    GrabShuttle Plus, GrabFamily, JustGrab, GrabNow, and GrabRental
    Valuation $11.94 Bn (2022)

    Grab Founders | Anthony Tan and Tan Hooi Ling
    Grab Founders | Anthony Tan and Tan Hooi Ling

    Grab is a multinational ride-hailing company based in Singapore. It operates in South Asian countries and it is dubbed as its region’s first Decacorn (a startup with a valuation of over $10 billion). It provides services like transportation, on-demand delivery, and financial services on a single mobile platform.

    Canva, Australia

    Startup Name Canva
    Headquarter Sydney, Australia
    Industry Software, Graphic design platform
    Parent Organization Canva Pty Ltd
    Founders Melanie Perkins, Cliff Obrecht, and Cameron Adams
    Founded January 2013
    Investors Sequoia, Blackbird Ventures, and Felicis Ventures
    Products and services Canva online and app for graphic designing, Canva Pro, Canva for Enterprise
    Valuation $26 Bn (2022)

    Canva Founders | Melanie Perkins, Cliff Obrecht, and Cameron Adams
    Canva Founders | Melanie Perkins, Cliff Obrecht, and Cameron Adams

    Canva is a graphics design platform founded by Melanie Perkins, Cliff Obrecht, and Cameron Adams in Perth and headquartered in Sydney, Australia. The users can use this platform to design their website banners, presentations, social media, documents, or any other visual content online or through the Canva app. Canva also provides a wide range of templates for free. Furthermore, the app also offers paid subscriptions like Canva Pro and Canva for Enterprise containing a broad spectrum of additional content and other functionalities.

    Instacart, USA

    Startup Name Instacart
    Headquarter San Francisco, California, US
    Industry Technology, Grocery, E-grocery
    Parent Organization Maplebear Inc.
    Founders Apoorva Mehta, Max Mullen, and Brandon Leonardo
    Founded June 2012
    Investors Kleiner Perkins, Caufield & Byers, Andreessen Horowitz, Sequoia Capital,
    Y Combinator, Khosla Ventures
    Products and services Grocery delivery services
    Valuation $13 Bn (2022)

    Instacart Founders | Apoorva Mehta, Max Mullen, and Brandon Leonardo
    Instacart Founders | Apoorva Mehta, Max Mullen, and Brandon Leonardo

    Instacart is a popular grocery delivery and pick-up service renowned for its services in the USA and Canada. With the wide range of grocery retailers that Instacart collaborates with customers need not wait for too long to order their groceries online and shop smoothly and conveniently with the help of a personal shopper.

    Databricks, USA

    Startup Name Databricks
    Headquarter San Francisco, California, US
    Industry IT, Analytics, AI, ML
    Founders Ali Ghodsi, Andy Konwinski, Ion Stoica, Matei Zaharia, Patrick Wendell,
    Reynold Xin, and Scott Shenker
    Founded 2013
    Investors Microsoft, Andreessen Horowitz, Alkeon Capital Management
    Products and services Helps in pulling data from Azure Blob Storage, AWS S3, Azure SQL Data Warehouse,
    Azure Data Lake Store, and numerous other NoSQL data stores
    Valuation $38 Bn (2022)

    Databricks Founders | Ali Ghodsi, Andy Konwinski, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin, and Scott Shenker
    Databricks Founders | Ali Ghodsi, Andy Konwinski, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin, and Scott Shenker

    Created by Apache Spark, Databricks is an enterprise software company that acts as a web-based platform that works with Spark, thereby offering automated cluster management services and IPython-style notebooks. Some of the open-source projects that the company has created include Delta Lake, MLflow, and Koalas, mostly spanning data engineering, data science, and machine learning.


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    UiPath, USA

    Startup Name UiPath
    Headquarter New York City, US
    Industry Robotic Process Automation, Automation, AI
    Founders Daniel Dines, and Marius Tîrcă
    Founded 2005
    Investors Accel Partners, Coatua, CapitalG
    Products and services AI Center Action Center Apps, Assistant Automation Hub, Automation Platform,
    Document Understanding Insights, Orchestrator Process Mining, StudioX Test Suite
    Valuation $6.89 Bn (2022)

    UiPath Founders | Daniel Dines, and Marius Tîrcă
    UiPath Founders | Daniel Dines, and Marius Tîrcă

    The Romanian company UiPath is a global software company headquartered in New York City, USA. UiPath uses Robotic process automation (RPA) and monitors user activities, to help automate repetitive tasks in both the front and the back ends of companies. UiPath’s automation is including but is not limited to customer relationship management.

    Revolut, UK

    Startup Name Revolut
    Headquarter London, England, UK
    Industry Fintech, Banking
    Founders Nikolay Storonsky, and Vlad Yatsenko
    Founded July 1, 2015
    Investors Softbank, Tiger Global
    Products and services Banking services including GBP and EUR bank accounts, debit cards,
    fee-free currency exchange, stock trading, cryptocurrency exchange, and
    peer-to-peer payments
    Valuation $33+ Bn (2022)

    Revolut Founders | Nikolay Storonsky, and Vlad Yatsenko
    Revolut Founders | Nikolay Storonsky, and Vlad Yatsenko

    Headquartered in London, England, Revolut is a financial technology company that offers banking services. Revolut offers a wide range of services including accounts featuring currency exchange, debit cards, virtual cards, Apple Pay, interest-bearing “vaults”, commission-free stock trading, crypto, commodities, and more. Founded in 2015 Revolut has shown incredible growth throughout the years and expanded to various markets across countries including Japan. Furthermore, it has also been successful in amassing around 3500 employees, who work for the organization.

    With $5.10 billion, as estimated in November 2020, Revolut emerged as the UK’s most valuable fintech. The company is presently valued at $33+ billion, which makes it Europe’s most-valued startup, surpassing Checkout.com.

    Conclusion

    This is the list of the Top 15 Highest Valued Startups in the world. Hope you have enjoyed reading it. Feel free to let us know what you think about our content and also mention any more content ideas that you think might be helpful for readers, budding startups, entrepreneurs, and other individuals!

    FAQs

    Which is the most valued startup in the world?

    With over $300 billion valuation, ByteDance – the parent company of TikTok, is the most valued startup in the world.

    Which types of startups are most profitable?

    Some of the most profitable startups are:

    • E-commerce
    • Business Consulting
    • Tech Support and Consulting
    • Real Estate
    • Online courses
    • Website, Logo, and Graphic Design Services

    What types of startups are in demand?

    Some of the startups in demand are:

    • Vehicle Renting Services
    • Trucking & Delivery Services
    • Food Delivery Services
    • Grocery Delivery Services
    • Vacation Rental Services
    • Learning Apps

    Do 90% of startups fail?

    Yes, 90% of startups fail. Only a few startups are successful by overcoming the obstacles and challenges on their way.

  • The Curious case of Epic VS Google lawsuit – Everything you need to know

    On 20th August 2021, Epic Games finally revealed details about its antitrust lawsuit against Google. The newly released court filings contained the nature of the allegations and the evidence to back them up. Epic filed a case not only against Google but Apple too for the same reasons.

    The case against Apple finished its trails stages and are waiting to get a verdict from the federal judge, while the case against Google is going at a slow pace. Both Google and Apple had removed Fortnite from their app stores, which is what led to Epic filing a lawsuit against them. Fortnite currently has over 400 million registered players only from those two app stores.

    According to the lawsuit, Epic claims that both Apple and Google are misusing their monopoly power to control or generate more profits. The main problem that Epic has with Google and Apple is over the excessive fees that the app stores of these companies are charging its app developers. So far, Epic has made multiple allegations against both Google and Apple, keep reading to find out what they are.

    Why did Epic file a lawsuit against Google?
    Epic’s Allegations against Google
    Other Allegations against Google
    What is Google’s Response against these Allegations?
    Frequently Asked Questions

    Why did Epic file a lawsuit against Google?

    In July 2018, Epic Games received a partnership deal of over $208 million from Google executives for a period of three years, the gaming company also claimed that Google tried to offer a discounted fee of 25%, instead of its standard 30% cut it usually took from app developers, to give Epic Games an additional revenue share.

    But the gaming company is said to have rejected this “custom offer” and choose to allow Fortnite downloads for android through Epic’s own website through a partnership with Samsung electronics. Another reason Epic Games trying to bypass Google Play Store and Apple app store is that they wanted to help their users in availing better deals and offers for in-game purchases in Fortnite on Epic’s own store.

    After this happened, both Google and Apple removed Epic’s Fortnite gaming app from their app stores which led to Epic filing a lawsuit against Google. Both Google and Apple app stores are known to charge 30% fees for all the in-app purchases for games, which is their main source of revenue, especially for gaming app developers. Epic wants to charges their user’s only a 12% fee, but both the conglomerates have blocked the gaming company from getting its store on their platform.

    Epic also added that the 30% fee is over 10 times more than what payment platforms like PayPal and Stripe offer, which is only 2.9%. The Gaming Company is said to be expecting relief from Google and Apple monopolistic practices and is not looking to gain any monetary relief through this lawsuit.


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    Epic’s Allegations against Google

    According to Epic Games, Google has made many attempts to make big smartphone companies like Samsung and One plus not preinstall the Epic Games store. The lawsuit says that Google apparently created Project Hug in order to give benefits or deals to gaming companies like Activision Blizzard that support Google Cloud and YouTube.

    It also added that Google is offering side deals like YouTube sponsorships and cloud services to companies like Activision Blizzard through Project Hug. The company also claims that Google made attempts to buy shares of Epic Games through a major shareholder Tencent so they can shut down competition from the gaming company. Epic also stated that Google has added many unnecessary extra steps to prevent users from purchasing directly out of Epic.

    The allegation does not end there as Epic also claims that Android is not open-source as it claims and has made deals with Google that prevent smartphone manufacturing companies from offering other app stores without restrictions. Moreover, the company also went on to say that both Google and Apple are working together even though they are competitors.

    Epic’s lawyers added that “These deals allow Google to keep its monopolistic behaviour publicly unchallenged. But Epic is not interested in any side deals that might benefit Epic alone while leaving Google’s anti-competitive restraints intact; instead, Epic is focused on opening up the Android ecosystem for the benefit of all developers and consumers.”


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    Other Allegations against Google

    Over 37 states and districts of the USA had filed a separate antitrust lawsuit against Google Play Store claiming that Google Play Store exercises a monopoly over application distribution. The attorney generals from these states claimed that the platform was cutting down the profits of app developers and taking a huge commission on the in-app sales.

    This lawsuit also added that Google was using illicit measures in order to maintain its monopoly over app developers. Because of this, Google Play Store for the first time in 13 years disclosed its revenue on 30th August 2021.

    According to the Google Play store, the total revenue of the platform was over $11.2 billion in 2019. This amount is said to include the price of the app, in-app purchases and the revenue generated through advertisements on the Play Store app.

    Worldwide gross app revenue of Google Play
    Worldwide gross app revenue of Google Play

    What is Google’s Response against these Allegations?

    Google has already come out and called these allegations baseless and said that it is mischaracterized their business conversations. Google spokespersons also added that Android does provide more choices in smartphones for both app developers and its consumers. Google has not come out with their official statement yet, while Epic’s year-old lawsuit against the company is likely to be a threat to its app store.


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    Frequently Asked Questions

    What is the main reason behind the Epic lawsuit against Apple and Google?

    The main reason Epic has filed a lawsuit with Google and Apple is over the excessive fees that the app stores of these companies are charging its app developers.

    What is Epic Games?

    Epic Games, Inc. is an American video game and software developer and publisher with its headquarters based in Cary, North Carolina.

    Who is the founder of Epic Games?

    Tim Sweeney and Mark Rein founded Epic Games on 15 January 1991.

  • Can Epic Games win the Legal Battle Against Apple

    A trial is being set for May 2021 for the lawsuits and legal filings between Apple and Epic Games. We may finally be able to see a conclusion for the lawsuits and filings.

    There have been a couple of lawsuits between these two corporations. All the issues started over when epic games found a way to avoid paying 30% of fees charged by Apple on its app store. Let’s look at all the lawsuits and legal filings which has happened to date by Apple and Epic Games.

    Epic Games Circumvention
    Fortnite Delisted from Stores
    Epic Games Response to Apple
    Epic Games sues Apple
    Microsoft’s support for Epic Games
    Judgment by the U.S Court
    The Next Trial
    FAQ

    Epic Games Circumvention

    The entire issue started back on 13 August 2020, when Epic Games had introduced an update for its gaming app Fortnite on iOS and Android devices. The new update gave the users an option to purchase V-bucks directly from Epic Games rather than doing it through App store on iOS devices or the play store for Android devices.

    Generally, when you purchase anything on the app store or Google play store, Google and Apple will charge 30% as a transaction fee. But with the new update for Epic Games gaming application, they had found a way to avoid paying 30% transaction fees to both Google and Apple.

    This reduced the price for users to purchase V-bucks at a cheaper price as they dint have to pay 30% of the transaction fee to Apple or Google.

    Fortnite Delisted from Stores

    Apple responded quickly. They gave an incredibly quick response on the same day that is 13 August 2020. Apple immediately delisted Fortnite from the app store. Soon after that, even Google followed the same by removing the app from the Google play store.

    It was an unexpected move from Apple as the company was taking its major source of revenue from one of the most popular games in the world.


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    Epic Games Response to Apple

    In no time Epic Games had released a response for Apple’s delisting. A 1984 Fortnite video was aired by Epic Games on the same day in which Fortnite Parodied an Apple ad. The ad communicated a warning of the big corporations having dominance over life.

    1984 video is considered to be a statement from Epic Games. It was positioning itself as a corporation that can fight another corporation against its dominance in the market. After the delisting of Fortnite Epic Games took the fight directly to Apple.

    Registered users of Fortnite worldwide
    Registered users of Fortnite worldwide

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    Epic Games sues Apple

    Epic Games filed a lawsuit against Apple in California. Epic Games strongly stated that it would build launch its own app storefront on the iOS devices. Epic Games stated that they felt obliged to charge extra for their V-bucks due to the extra transaction fees charged by App store.

    Epic’s lawsuit is concentrated on launching its own app storefront on iOS devices. This is expected to be a separate from Apple’s app store and this would open opportunities for other developers as well.

    Microsoft’s support for Epic Games

    Microsoft had indicated its support for Epic Games lawsuit against Apple. This was mainly concentrated on Apple’s decision to block Epic Games from accessing the Unreal engine and updating it for iOS devices.

    Microsoft alleged that this would have a really big impact on the games on iOS devices and that relied on the Unreal engine. It meant that the games which used Unreal Engine will not receive any more updates.

    Microsoft Backed Epic Games
    Microsoft Backed Epic Games

    Microsoft Vs. Apple Business Model
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    Judgment by the U.S Court

    Later in August, a judge ruled in favor of Apple but for a temporary point of time. The U.S district court Judge ruled that Apple did not have to immediately reinstate Fortnite into their app store.

    The Judge also stated that Apple could not stop Epic Games from accessing the Unreal Engine. The Judge provided permission for Epic Games to continue providing updates for its Unreal Engine, even though Fortnite was not reinstated in the app store.

    The Next Trial

    It was later announced that Epic Games and Apple would move to the court for the next trial which will be held on 3 May 2021. This trial will be concentrated on exploring Apple’s dominance as a monopoly over the distribution of apps.

    The trial would be in the limelight for the reasons such as whether one of the most popular games in the world would return back or will ever be able to return back to the iOS devices.

    The other reasons would include whether Epic games would be able to maintain their access towards the Unreal Engine and whether a third-party apps storefront can be launched on the iOS devices other than the app store.

    FAQ

    Why was Epic Games removed from app store?

    Epic Games took the unfortunate step of violating the App Store guidelines that are applied equally to every developer and designed to keep the store safe for our users. As a result their Fortnite app has been removed from the store.

    Is Fortnite banned on Apple?

    Apple has banned the popular mobile game Fortnite amid a legal battle with its publisher, Epic Games, but the iPhone maker’s customers may soon be able to resume playing the title.

    What is V bucks?

    V bucks is an in-game currency that can be spent in Fortnite Battle Royale, Creative, and Save the World modes.

    Conclusion

    We will have to wait and look forward for the next trial to analyze all the answers and solutions for the above reasons and this lawsuit of Apple and Epic Games is expected to have a really huge consequence to be faced throughout the gaming industry.