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Epic Games Store - the console war comes to PC

fantadomat

fantadomat

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Burning Bridges said:
Dexter said:
https://archive.is/rhsuZ
Epic has sunk $500M into the Epic Games Store, doesn't expect to make a profit until 2027
By Rich Stanton about 12 hours ago
Well, at least it can afford it.

5pop3rRpbKoHxaenCbAzbH-320-80.jpeg

(Image credit: Epic Games)
Various documents have been coming out from the ongoing Apple vs Epic legal case in the state of California, and here's a full rundown of the core of Apple's (pretty decent) defense. As part of this, Apple's lawyers executed what one can only call a drive-by on the Epic Games Store, which Epic's lawyers had been claiming was comparable to the App Store.

"Epic Games Store is unprofitable and not comparable to the App Store" the lawyers began, rather bluntly, "and will not be profitable for at least multiple years, if ever." Ouch!

But what's interesting is that Apple's legal eagles go on to break down just how unprofitable the Epic Games Store is. "Epic lost around $181 million on EGS in 2019. Epic projected to lose around $273 million on EGS in 2020. Indeed, Epic committed $444 million in minimum guarantees for 2020 alone, while projecting, even with 'significant' growth, only $401 million in revenue for that year. Epic acknowledges that trend will continue in the immediate future: Epic projects to lose around $139 million in 2021."

If we take the lower figures, that adds up to an investment on Epic's part of $493 million since 2019, and Epic itself has acknowledged that "unrecouped costs" will amount to at least $330 million. "At best, Epic does not expect EGS to have a cumulative gross profit before 2027."
Click to expand...
Click to expand...

Now that is really good news. I hope it is all true.

In the end it was really all just a big, big financial gamble that they could bribe away all "employees" (devs) from the main player and become number 1. Lately they seem to get hardly any exclusives, so it could mean they had to admit defeat and the borrowed money is gone. They have become the least innovative and most unprofitable shop in a market that is hugely profitable and innovative. Laugh about them!
Click to expand...
I doubt that it is only 500m.
 
Infinitron

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WOWOWOW



https://www.epicgames.com/store/en-US/news/introducing-the-epic-games-store-shopping-cart

Introducing the Epic Games Store Shopping Cart

Today is a pretty big day around here. You may have noticed a new feature at the top right of the Store launcher and website. (Go ahead, take a look. We’ll wait.) That’s it - the Shopping Cart! We tucked it in right up there next to your wishlist. If you’ve shopped online before, the cart works exactly as you’d expect.

epic-games-store-shopping-cart-add-to-cart-f031846a2733.gif


As you’re browsing the store, click the shiny new ADD TO CART button to add items for purchase. Continue shopping and adding games until you’re ready to checkout. It’s that easy! Now you can load up on free games, raid a sale or pick up that new release you’ve been eyeing, all in one shopping spree. While we’re talking about buttons, we should also mention the BUY NOW button is still there and will continue launching the single-items checkout experience.

epic-games-store-shopping-cart-checkout-eae661cb82fd.gif


Once you’re done filling up your cart, the checkout experience has the same features you’re familiar with, plus a few updates:
  • Review all items currently in cart with prices in local currencies (see supported currencies)
  • Select preferred payment option (including Epic Wallet in the US and Canada)
    • List of regional payment processors can be found here
  • Enter a Support-a-Creator to give 5% (Epic-funded base rate) or more of your purchase price to a creator of your choice, creator codes now work on all eligible items the cart
  • Lastly, confirm purchase and complete the transaction
epic-games-store-shopping-cart-wishlist-d80f3e10873c.gif


You may have also noticed the MOVE TO WISHLIST function within the cart. If you’re not sure about purchasing an item, just move it over to your wishlist and keep an eye out for discount notifications! Please remember to opt-in to our email communications via account settings to stay updated on items from your wishlist.



If you’d like to take the new cart for a spin, we’ve got plenty of discounts on games and add-ons to check out. Speaking of which, The Game Awards Flash Sale is live with some killer deals on nominees, winners and more! Sale ends December 11, 2021 at 11am EST.

Not familiar with The Game Awards? Learn more in our interview with the creator and host, Geoff Keighley, then tune in December 9 at 8pm EST for the show!
Click to expand...
 
Last edited:
Zombra

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Haha. I feel so embarrassed for the copy writer.

"Is there any other way I can say this? 'If you've ever shopped online before, you will see that now, after 3 years, our system finally works in a way that you would expect.' I guess I can trim that down a little."
 
rusty_shackleford

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Codex Year of the Donut
Zombra said:
Haha. I feel so embarrassed for the copy writer.

"Is there any other way I can say this? 'If you've ever shopped online before, you will see that now, after 3 years, our system finally works in a way that you would expect.' I guess I can trim that down a little."
Click to expand...
funny part is the developer part of the store has had a shopping cart for years.
 
Zboj Lamignat

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I believe even itt we had people claiming lack of cart is a feature and it is scientifically(tm) proven that it doesn't impact sales. Shame to see the prestigious storefront declining towards lowest common denominator.
 
rusty_shackleford

rusty_shackleford

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Codex Year of the Donut
NJClaw said:
Zboj Lamignat said:
I believe even itt we had people claiming lack of cart is a feature and it is scientifically(tm) proven that it doesn't impact sales. Shame to see the prestigious storefront declining towards lowest common denominator.
Click to expand...
The lack of a cart can't impact sales if nobody ever buys anything on your store.
Click to expand...
What are you talking about? This guy called Tim Sweeney has spent millions on buying games for all his friends.
 
flyingjohn

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Random steam user:
"Wow,i have bought hundreds of shit indie co op games to play with my friends later."
Some time later:
No tag system to actually see what has co op in your library.

The cart is a small step in the right direction,but the store has just discovered fire while the competition is making a nuclear reactor.
 
J1M

J1M

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Messages
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Burning Bridges said:
Dexter said:
https://archive.is/rhsuZ
Epic has sunk $500M into the Epic Games Store, doesn't expect to make a profit until 2027
By Rich Stanton about 12 hours ago
Well, at least it can afford it.

5pop3rRpbKoHxaenCbAzbH-320-80.jpeg

(Image credit: Epic Games)
Various documents have been coming out from the ongoing Apple vs Epic legal case in the state of California, and here's a full rundown of the core of Apple's (pretty decent) defense. As part of this, Apple's lawyers executed what one can only call a drive-by on the Epic Games Store, which Epic's lawyers had been claiming was comparable to the App Store.

"Epic Games Store is unprofitable and not comparable to the App Store" the lawyers began, rather bluntly, "and will not be profitable for at least multiple years, if ever." Ouch!

But what's interesting is that Apple's legal eagles go on to break down just how unprofitable the Epic Games Store is. "Epic lost around $181 million on EGS in 2019. Epic projected to lose around $273 million on EGS in 2020. Indeed, Epic committed $444 million in minimum guarantees for 2020 alone, while projecting, even with 'significant' growth, only $401 million in revenue for that year. Epic acknowledges that trend will continue in the immediate future: Epic projects to lose around $139 million in 2021."

If we take the lower figures, that adds up to an investment on Epic's part of $493 million since 2019, and Epic itself has acknowledged that "unrecouped costs" will amount to at least $330 million. "At best, Epic does not expect EGS to have a cumulative gross profit before 2027."
Click to expand...
Click to expand...

Now that is really good news. I hope it is all true.

In the end it was really all just a big, big financial gamble that they could bribe away all "employees" (devs) from the main player and become number 1. Lately they seem to get hardly any exclusives, so it could mean they had to admit defeat and the borrowed money is gone. They have become the least innovative and most unprofitable shop in a market that is hugely profitable and innovative. Laugh about them!
Click to expand...
If all of that $500M was Tencent's money, does that make you love Epic again? :smug:
 
Zboj Lamignat

Zboj Lamignat

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Messages
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I mean, who knew practices like exclusivity naturally lead to higher prices. Luckily we had 3 years to analyze the situation properly.
 
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