Apple’s services chief Eddy Cue, who spoke at the SXSW media festival in Austin, Texas this week, revealed that Apple Music now has 38 million paying subscribers worldwide. Cue also said there are over eight million customers that are currently taking advantage of Apple Music’s free three-month trial period.
The Wall Street Journal confirmed that Apple Music had 36 million subscribers in a February 4 report, so it appears the streaming music service has gained around two million subscribers in just over five weeks.
The numbers suggest Apple Music is growing at a clip of roughly 400,000 subscribers per week, or 1.6 million per month. Accordingly, it [...]
Spotify today filed to go public and plans to begin trading on the New York Stock Exchange under the name SPOT, reports CNBC. Shares of the company have privately traded as high as $132.50, giving the company a valuation of ~$23 billion based on ordinary shares traded in private transactions.
According to Spotify’s filing with the SEC, the streaming music service boasts 159 million monthly active users and 71 million premium subscribers as of December 31, 2017, which Spotify claims is „nearly double the scale“ of its closest competitor, Apple Music.
As of the last update at the beginning of February, Apple Music boasted 36 million paying [...]
KGI Securities analyst Ming-Chi Kuo today shared shipment projections with MacRumors for Apple’s rumored 6.1-inch iPhone that he expects to launch in the second half of 2018.
The device is said to have some iPhone X features such as Face ID, but design compromises will enable Apple to put it at a more affordable price point. They could include an LCD screen instead of an OLED display, an aluminum frame, a single lens camera, and no 3D Touch.
We project shipments under the new product life cycle (4Q18-3Q19) for the 6.1″ LCD iPhone, estimated to be launched in 2H18, will reach around 100mn units.
According to Kuo’s research note, shipment [...]
Apple Music now has 36 million paying subscribers around the world, an increase from well over 30 million reported last September.
Apple confirmed the updated total to The Wall Street Journal, which today reported that Apple Music is growing at a faster pace than Spotify in the United States, and could soon eclipse the service in popularity in the country. Apple’s subscriber-account base in the U.S. has been growing about 5% monthly, versus Spotify’s 2% clip, according to the people familiar with the numbers. Assuming those growth rates continue, Apple will overtake Spotify in accounts this summer.
On a worldwide scale, Spotify maintains a sizeable lead [...]