Apple announces Arcade gaming subscription service
Apple Inc. announced a new gaming subscription service on Monday, featuring "over 100 new and exclusive games." The service will have games from Cartoon Network, Finji, Giant Squid, Snowman and other independent publishers. The service doesn't include titles from major publishers Activision Blizzard Inc. , Electronic Arts Inc. or Take-Two Interactive Software Inc. . Apple didn't disclose pricing for the service. The company said that the games on this service won't have ads or the option for in-app purchases. Apple plans to launch Arcade in the fall in more than 150 countries. Arcade will be housed within the App Store and will be playable across devices, including the Apple TV. Shares are off 1.7% in afternoon trading, and they've gained 28% over the past three months as the Dow Jones Industrial Average , of which Apple is a component, has risen 17%.
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