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Home / Technology / Apple Music expects annual growth of 40% over the next three years, driving service growth

Apple Music expects annual growth of 40% over the next three years, driving service growth




An analyst predicts that the dramatic growth of Apple Music over the next three years will be different The figure was in a note to investors, written by Ben Schachter of Macquarie Capital, predicted and read by AppleInsider

  Tim Cook Apple Music

. Schachter believes that Apple Music Margin is around 1

5 percent, mainly because of the prices it pays artists. Spotify claims 24 percent, but still complains about compensation, so this may fall at the same time.

Apple Music subscribers are down 10 million subscribers since September, up from 40 million in early April. Schacter's numbers are a nearly linear extension of that growth, and it seems that the analyst is predicting the same subscription rate, not some dramatic increase in the rate of growth one speaks of.

But Apple's future moves into service and possibly Apple Music subscriptions included a series of video efforts, with a presumed growth in video content budgeting up 54 percent each year by 2022 to $ 1 billion overall. Any video-on-demand service anchored by these videos, according to current forecasts, is likely to have a lead of approximately 75 million likely subscribers, including those who have already subscribed to Apple Music.

Apple's revenue growth remains unnoticed until recently Apple CEO Tim Cook said in 2016 that he predicted that the segment alone would be the size of a Fortune 100 company before the end of 2017. Apple hit that target on August 1, 2017, catapulting to 97th place ahead of the entire Facebook business. 19659010] Apple Services quarterly revenue "height =" 288 "class =" lazy "data-original =" https://apple.insidercdn.com/gallery/25377-34378-servicerevquarterQ12018-l.jpg "/> [19659009Apple'slatestreportonApple'scontributiontoApple'srevenuefollowsanewdiscussionaboutApple'sAppStoreversusitscompetitorsandUSsensorsensordatashowsthatApple'sUSAppStorecustomersare58$US$peruserversus$38fromGooglePlay

In its final quarter, Apple posted $ 8.5 billion in revenue.

The main competitor revealed Spotify's IPO papers that it has 71 million paying users, and in 2017 the service had 159 million active users per month, mainly at the free level, which stream 40.3 billion hours of content, according to the US Securities and Exchange Commissions


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