Apple Music growth rate to hold steady at 40 percent for three years

Apple Music Growth - Apple Music App on Android Phone

The music streaming system is expected to drive Services growth throughout that time. The strong and steady Apple Music growth rate is expected to play an important role over the next three years, says an analyst. It will be among the top driving factor for sending services revenue upward. That said, it may also reduce overall margins, said the analyst. The figures presented by the analyst were printed into a note received by his investors. The data was put forward in a note to investors. Macquarie Capital’s Ben Schachter wrote…

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Spotify IPO a resounding success on Wall Street

Spotify IPO - Sucess - music streaming - wallstreet - spotify sotcks

The circumstance has left many wondering what it will mean for music streaming’s future. The Spotify IPO has been labeled a powerful success, though many are now curious about what it will do to music streaming. The Swedish company now has a valuation of about $26.6 billion. On its first day, Spotify’s market share skyrocketed but has fallen since that time. The share prices fell following the Spotify IPO as a result of less-than perfect confidence in the company’s business model, reported Reuters. That said, the company’s performance may say…

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Digital downloads outpaced by CDs and vinyl for first time in 7 years

Digital Downloads - Vinyl Sales - People buying records

Mobile commerce made many believe purchasing physical copies of media was on its way out. Digital downloads have been on the rise for years. Many have believed that CDs were going the way of vinyl, and vinyl had gone the way of the dinosaur. That said, for the first time since 2011, CDs and vinyl sales are now outpacing media downloading. When iPods and other MP3 players first became popular, the need to buy and store CDs fell. Once those portable media players hit the market, digital downloads and music…

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Android Apple Music app gets iOS-style update

Apple Music app

The mobile application underwent a sizeable update altering the design to mimic the iPhone version. The Android version of the Apple Music app has been updated. The new application design appears strikingly similar to the iOS version. Aside from the changes in the look of the mobile app, content has now been segregated into a few categories such as For You, Browse, and Radio, and the Playing screen itself is very similar to the iPhone version. The Music app for Android now also features lyrics integration, which had not previously…

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Ad-supported iTunes Radio brought to an end

iTunes Radio

Apple is phasing out its advertising based streaming music service in favor of a subscription based one. Apple Music will be replacing iTunes Radio, altogether, as Apple has decided to phase out the ad-supported service in favor of using its program that is completely subscription based. This is the latest step in the music streaming industry that seems to be dividing between subscriptions and ads. iTunes Radio has been in existence since 2013 but rolled out only in Australia and the United States. It functioned in a way that has…

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Latest iOS update brings Apple Music launch

iphone 6 apple pay qr codes mobile security

At the very end of June, Apple brought its much awaited subscription music service to consumers. The maker of the iPhone took the opportunity to combine the most recent update of its iOS operating system with the launch of its much anticipated Apple Music subscription service, as of Tuesday. The users of this subscription music service will be able to purchase and download any of approximately 30 million songs. At the same time, the users of Apple Music will also be able to tune in and listen to the new…

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Apple Music streaming service launched

Apple Music app

The new service combines a number of options, including streaming, downloads, and internet radio. The iPhone maker has now launched a new service called Apple Music that has been designed to place them in direct competition with Spotify. The launch took place in San Francisco at its annual developers conference. This new music streaming service is the result of partnerships with rap super-celebrities Pharrell and Drake. The new Apple Music service represents the company’s first steps into streaming music, despite the fact that it was essentially the creator of the…

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