Previewed at WWDC, launching in the fall.
Apple Music Estimated to Have 8M Paying Subscribers, Predicted to Hit 20M by End of 2016
Apple's streaming music service Apple Music will have 8 million subscribers by the time 2015 comes to a close, according to music business analyst Mark Mulligan (via Music Business Worldwide). Mulligan also forecast that Apple Music should hit 20 million total users by around this time next year, ultimately making it the second most popular streaming music service behind Spotify.
If the analyst's estimation of 8 million Apple Music subscribers by the New Year becomes true, that would be about 1.5 million growth during the fall, after Tim Cook confirmed the service had 6.5 million in October. Normally $10/month, Mulligan believes if Apple has trouble with getting subscribers to stick around, they could return to convincing record labels in lowering that monthly cost.
“Apple might not have found the subscription market quite the plain sailing it had anticipated but it has still managed to establish itself as the second player with astounding pace. Its platform and marketing assets are well known, but its clear commitment to making Apple Music work have surprised some."As Mulligan pointed out, however, the exact numbers in his prediction can vary as we head into the new year. With Apple Music's three-month free trial that could have led to some accidental paid subscribers and Spotify Premium's $1 a month three-month trial system, the analyst stated that there are enough "wildcards" in the equation to unbalance his prediction.
If the analyst's estimation of 8 million Apple Music subscribers by the New Year becomes true, that would be about 1.5 million growth during the fall, after Tim Cook confirmed the service had 6.5 million in October. Normally $10/month, Mulligan believes if Apple has trouble with getting subscribers to stick around, they could return to convincing record labels in lowering that monthly cost.
“If Apple finds growth tough going, expect it to throw everything it has got at getting the labels to agree to lower price point products so it can open up large chunks of the iTunes music customer base.”In the meantime, Apple is pushing Apple Music onto more supported third-party products, including a beta for Sonos speakers that brought support for the streaming music service onto the speakers for the first time. The Cupertino company is also still dealing in exclusives, recently announcing a project with Taylor Swift that will include a made-for-Apple Music concert film debuting on the service this Sunday, December 20. Recently, Apple began rewarding its retail workers with gifts for the holidays, which included a free nine-month subscription to Apple Music.
Tag: Apple Music
[ 113 comments ]
Top Rated Comments
(View all)
35 months ago
I seriously wonder how many people have forgot to cancel after the free trail. I know that may be hard for some to believe, but so many people do this and just keep paying month after month
Since they get an email every month that money was charged to their credit card for it, I would assume if there really are people that 'forgot', that they would have canceled it right away after seeing that they are being charged
I personally think it is a very silly claim that there is some notable percentage of people that forgot to cancel.
35 months ago
"...expect it to throw everything it has got at getting the labels to agree to lower price point products..."
Yeah beat down the songwriters and artists BUT hold firm on YOUR profit margin - that's the stuff Apple.
Yeah beat down the songwriters and artists BUT hold firm on YOUR profit margin - that's the stuff Apple.
35 months ago
If Apple makes it $4.99 a month, I'd jump right back to Apple music...
Let's continue this line of reasoning. If it was free I'd sign up again. If they paid me, I'd take two subscriptions.
35 months ago
I like :apple: Music. I guess I'm getting too old to go all over the place to get music, and having it built in to the iPhone just works for me.
35 months ago
I seriously wonder how many people have forgot to cancel after the free trail. I know that may be hard for some to believe, but so many people do this and just keep paying month after month
35 months ago
Is it still a ridiculously unfinished, buggy and incoherent application? I didn't pay for any service prior to my free trial but a month in I was a fully paid up Spotify subscriber, it was that bad. Would have been so much more ideal for me if Apple Music was the platform it promised to be.
It just didn't really work. As in, the buttons I pressed did nothing.
If it were really THAT bad, they wouldn't have so many subscribers thus far, would they? I for one user the service every day, and have had almost zero issues with it.
35 months ago
Is it still a ridiculously unfinished, buggy and incoherent application? I didn't pay for any service prior to my free trial but a month in I was a fully paid up Spotify subscriber, it was that bad. Would have been so much more ideal for me if Apple Music was the platform it promised to be.
It just didn't really work. As in, the buttons I pressed did nothing.
It just didn't really work. As in, the buttons I pressed did nothing.
35 months ago
I seriously wonder how many people have forgot to cancel after the free trail. I know that may be hard for some to believe, but so many people do this and just keep paying month after month
I believe that a much larger group of people fall into the "Accidentally Kept It" category than most would believe.In fact it's a proven fact that if given a free trial period for any service or subscription, the American buyers will just keep paying the bill. It's a tried and true marketing trick.
[ Read All Comments ]
Apple CEO Tim Cook recently donated 23,215 shares of Apple stock to charity, according to a filing with the U.S. Securities and Exchange Commission released today. At the stock's current closing...
iOS 12 introduces Notification Grouping, a long-awaited feature that groups all of the notifications from a single app together in one neat bundle that prevents the Lock screen from becoming overly...
Costco, the world's second largest retailer behind Walmart, recently confirmed that it now accepts Apple Pay and other contactless payment methods at all of its 750 warehouse locations in the...
Fortnite could launch on Apple TV at one point in the future, according to a new discovery by the @StormLeaks Twitter account late yesterday. As reported by esports and gaming website Dexerto,...
Google today updated its Wear OS iPhone app [Direct Link] and Google Fit Android app with a new redesign that emphasizes closing a set of rings, similar to Apple's Activity app. Every day, Google...
In an ongoing effort to boost sales in India, Apple is reportedly planning to upgrade its authorized reseller locations in five to six
"extremely prominent locations" in India's...
Apple has added two China-based manufacturers to its list of MacBook chassis suppliers in an effort to push down prices quoted by Taiwan-based makers, according to a new report today by DigiTimes.
...
With watchOS 5, Apple has added support for WebKit, which is designed to allow you to view content from the web right on your wrist, something that's entirely new to the Apple Watch.
...
