Fortnite’s Tim Sweeney Comes Out Swinging at Apple, Google
- Epic Games CEO says tech giants’ app-store fees are too high
- Sweeney speaks in an interview with Bloomberg TV’s Emily Chang
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With Apple Inc. and Google set to face an antitrust hearing on Capitol Hill Wednesday, Tim Sweeney, chief executive officer of Epic Games, is accusing them of being a “duopoly.”
Epic, which makes the popular Fortnite game, says the two companies’ dominant app stores charge excessively high fees to list games. Apple and Google take 30% of revenue from paid apps that use their stores. But the costs of operating an app store amount to just a small fraction of that amount, Sweeney said in an interview with Emily Chang on Bloomberg Television. Epic’s own store charges a 12% fee and generates a 5% to 7% profit margin, he said.