Apple’s (AAPL) new TV streaming service, Apple TV Plus, might have made the biggest splash during the company’s March 25 event, but its gaming service, Apple Arcade, could turn out to be a sleeper hit for the tech giant.

Available this fall for a price that has yet to be announced, Apple Arcade promises more than 100 premium, or pre-paid, games that will be playable across iOS, Apple TV and macOS devices. The move is meant to lure in gamers and help Apple take a bigger bite out of the $140 billion gaming industry.

And the company’s approach could prove instrumental in winning over customers, thanks to Apple’s decision to only offer premium titles without the need to make in-app purchases. That could be a benefit for gamers who would rather pay a single price for a game without having to fork over fees every time they want to play, as well as parents who don’t want their kids to rack up sky-high fees for in-game items and costumes.

If Apple can pull it off, Arcade could turn out to be a solid revenue driver for the company, with Nomura Instinet estimating the service could add $1 billion to Apple’s bottom line.

A step up in quality

Games are an integral part of the App Store. Instinet’s Jeffrey Kvaal estimates that 70% of app downloads from the store are for games, with that number jumping to 80% in China.

But the majority of games are free-to-play, and generate revenue through in-app purchases. Apple’s strategy with Arcade is to provide high-quality titles from top developers and publishers that will appeal to gamers of all stripes, from adults to children.

Unlike Google’s (GOOG, GOOGL) recently announced Stadia, Apple Arcade is not a streaming service. Instead, users will be able to download games from the service so they can be played without an internet connection. That should help draw gamers who want to play during their morning and evening commute. This will be especially helpful for parents, as it will ensure they can keep their kids entertained in places such as planes, where connectivity is spotty at best.

Arcade is also leaning on some of the biggest names in gaming to attract hardcore gamers including creators like Hironobu Sakaguchi, who helped craft some of the most influential console games in history including the “Final Fantasy” series; Ken Wong, lead designer of “Monument Valley” and Will Wright who helped create “SimCity” and “The Sims.”

Taking that into account, Baird Equity Research analysts William Power and Charles Erlikh, in particular are bullish on Apple Arcade writing in a research note, “Gaming could be a significant long-term opportunity, though pricing and breadth remain uncertain.”