Apple's revenue from its music and gaming subscription services is expected to jump 36% to $8.2 billion annually by 2025, according to JP Morgan (via Reuters).
The U.S. investment bank's analyst Samik Chatterjee on Monday said Apple Music and Apple Arcade are likely to have a combined subscriber base of about 180 million by 2025, with 110 million users paying for the company's music services and 70 million for gaming.
Launched in 2015 and now the second biggest music streaming service after Spotify, Apple Music is expected to account for $7 billion revenue by 2025. Apple Arcade, which launched in 2019, is estimated to pull in $1.2 billion.
Apple doesn't break down sales in its Services category, but the company reported $19.82 billion for the March quarter. Apple's Services segment includes the App Store, Apple TV+, Arcade and Apple Music.
Top Rated Comments
Yes, most consumers love it and the streaming companies rake in billions, but most artists can't afford even a basic standard of living from their life's work.
For a musician to earn $1 from Apple Music, they need to have 136 streams (for Spotify, this number is 229... embarrassing).
The deal, as it currently stands, is absurdly unfair and one-sided.
Come on Tim, let's fix this