Apple reportedly spending $500 million to fund development of 100+ games for its Apple Arcade subscription service<div class="feat-image">
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<p>Who knew, Apple has deep pockets? The company is reportedly spending billions of dollars a year on Apple TV+ original content, will pay
about $480 million for the Texture acquisition which ultimately became News+, and is reportedly also spending several million dollars per game in Apple Arcade.</p>
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The Financial Times says the company is spending ‘several million dollars each’ on more than 100 games, putting Apple Arcade’s budget in excess of $500 million dollars. At its March event, Apple announced that Arcade would launch in the fall but did not announce pricing.</p>
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Apple reportedly spending $500 million to fund development of 100+ games for its Apple Arcade subscription service