Apex Legends is struggling. Recent negative trends in peak player counts mirror the stagnation seen in Overwatch. The game is facing challenges including rampant cheating, persistent bugs, and an unpopular new battle pass. This decline is evident in the chart below:

Image: steamdb.info

The problems are multifaceted. Limited Time Events offer minimal new content beyond cosmetic skins. Issues with cheating, subpar matchmaking, and a lack of gameplay diversity are driving players away to competing titles like the newly released Marvel Heroes and the consistently popular Fortnite. Respawn Entertainment faces a significant challenge to recapture players, and their response will be crucial to the game's future.