The service, called Apple Arcade, will be integrated into the App Store and will include more than 100 games exclusive to the service and Apple’s platform. The games will synchronize across iPhones, iPads, Mac computers and Apple TVs, and will work offline, the company said Monday during a presentation at its Cupertino headquarters. The service won’t launch until the fall and the company said it will disclose pricing at a later date.

Stocks of gaming companies including Activision Blizzard Inc. dropped on the announcement of Apple’s entry into the $180 billion industry. The iPhone maker said it will back development costs of some games and “would work closely with creators.” The service will have no advertising, Apple said.

Alphabet Inc.’s Google last week announced its Stadia game-streaming service to let players access the action through the web instead of having to buy expensive consoles or personal computers. DM