News website Cheddar claims that Apple is working on a new gaming subscription service after citing five people “familiar with the matter” in a new report says that iPhone-maker started having conversations with game studios last year to create a “Netflix for games.” Subscribers would pay a monthly fee to gain access to a certain number of titles. There’s currently no timetable for when this service will launch, how much it would cost or which publishers, what types of games would be included or what devices it would be compatible with. Read more for another video and additional information
“But a move into gaming would make sense for the company, particularly as it tries to find new ways to grow its Services group amid slowing iPhone sales. In his letter to investors earlier this month announcing an adjustment to the company’s guidance for its first-quarter earnings, CEO Tim Cook made several references to its Services unit — which includes the App Store, Apple Music and iCloud — noting that it “generated over $10.8 billion in revenue during the quarter, growing to a new quarterly record in every geographic segment,” reports USA Today.