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Epic reduce their cut to 0% for the first $1 million in revenue for devs on the Epic Games Store
(www.gamingonlinux.com)
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When they have absolute monopoly.
Nintendo charges that much because only Nintendo provides Switch software.
Microsoft charges that much because only Microsoft provides Xbox software.
Sony charges that much because only Sony provides Playstation software.
Apple charges that much because only Apple provides iOS software... despite the EU's best efforts.
Steam and Android act like they're the only store that matters, for their platform. And it works. Because they are.
Steams competitors are mostly GOG and Epic Games...
Who?
Which is why there's lawsuits against valve for being a monopoly. They have one, simply because they're the best and most well organized.