The New York Times revealed that Microsoft will impose fees on video game developers who publish games in its online store, starting in August, while the company did not immediately respond to a Reuters request for comment.
The move comes at a time when Apple is in a lawsuit filed last year by Epic Games from Fortnite alleging that the iPhone maker has abused its dominance in the mobile app market.
According to the New York Times report, developers can now keep 88% of the revenue they earn from their games, up from 70% previously, making the Microsoft Store more attractive to indie developers and smaller game studios.
It is noteworthy that Microsoft revealed its financial revenues for the fourth quarter, as net income for the third quarter ended on March 31 jumped 44% from last year to $ 15.5 billion, while adjusted revenues and earnings per share were $ 41.7 billion and $ 1.95 per share, higher than analysts’ estimates. Amounting to $ 41.03 billion and $ 1.78 per share, according to Refinitiv data.
Stocks tumbled 2.5%, trimming some deep losses after executives gave better-than-expected expectations during a conference call with investors, and by capturing market share in the booming market for cloud computing and expanding business services such as Teams collaboration service and the LinkedIn social network, Microsoft became Microsoft. One of the most valuable companies in the world, with a value of nearly $ 2 trillion after a 50% increase in inventory over the past year.