Apple GameCenter would be launched in the market with the arrival of iPhone OS 4.0 later this year.

Developers would be able to check out the capabilities with the release of the preview edition later today.

Apple GameCenter would enable companies to create a social network around the games that are on sale for the iPhone/iPad/iPod Touch.

Market analysts believe that it could become as huge as the Xbox Live network in the coming years.

The announcement proves that Apple is serious about gaming on their mobile devices.