Apple need Steam but Steam don't need Apple. Tread carefully Apple.
Mmmmm Actually....
From a Business standpoint I fear Valve understands that Steam might be on the wrong side of the future...
Today PC game revenue is still strong, but a big share of those revenues escape Valve's reach.
For exemple Fortenite, World of Warcraft and other MMOs that have their own stores / platforms.
As for AAA titles for years Consoles have been making the biggest share of the sales figures.
Consoles might be getting to a point where for a similar experience (4K gaming) they offer a much better deal than a gaming PC. (due to price inflation of GPUs and RAM because of crypto, but also because the PC market is evolving to handle the transition foretold by Steve Jobs ^^)
I think Valve is very clever with the Steam Link app and also with their communications team ^^. They are trying to strong arm Apple but probably won't get anywhere.
To be fair they are not angels, they take their share of the games sold on the store, have changing rules about who stays or not (recent polemic about Japanese style adventure/dating games), they are a pretty tough master of their store.
So their move here is clever because they are trying to ensure that anyone sitting on their couch (almost all TVs have an android OS now but I am not sure they can handle the Bluetooth controller and the rest of the features needed has good has the AppleTV for exemple), can play their Steam game BUT MOST importantly keep buying vanity items and stuff for their favourite game.
This was never about being nice and offering an experience to their customers, but about MONEY and ensuring that after the failure of their Steam Machine console plans they could still have a place in the living room where they could reach their audience.
My prediction, either they accept to send a share of the transactions to Apple (which might mean a more expensive price when buying from your couch that if you just walked to your desk), or they won't make it at all because they will never accept to block the transaction system because it's the whole point of this apps.
PS Apple TV is seeing some evolutions these days that might make it much more useful than before with Cable operator allowing it to replace their boxes.
While Valve is still privately owned it's revenue is said to be around 5 Billions...
Apple's?
229 Billions for 86 Billions in profits.
So Apple is making 17 times more profits than Valve's complete revenue. I think Apple, who isn't in the Gaming business will be OK ^^