Apple Music reportedly hits 10 million subscribers

Apple Music reportedly hits 10 million subscribers

Apple was fast to crow that its fledgling music service had 6.5 million paying clients again in October, however many individuals have been understandably cautious. Have been these numbers truly going to develop, or had Apple already scooped up most people who have been ? Apparently, the parents in Cupertino do not have a lot cause to fret. Monetary Occasions sources perceive that Apple Music lately racked up its 10 millionth paying subscriber — not dangerous for a service that is barely half a yr previous. Spotify took 6 years to attain the identical milestone, though its free tier doubtless provides it many extra listeners general (forty million in 2014).

Apple is not commenting on the figures, nevertheless it’s not onerous to see how it might attain that sort of subscriber base in such a short while. Apple Music launched in additional than one hundred nations on day one, whereas Spotify did not even attain the US till three years into its existence. That is the type of licensing clout that a lot of the competitors could not hope to match. And as anybody who purchased or up to date an iOS system in current months can inform you, it is fairly onerous to disregard Apple Music: you are greeted with an indication-up supply proper off the bat, and enormous swaths of the iTunes and iOS music interfaces revolve round it. The Taylor Swift media blitz might have helped, too.

It is uncertain that Apple will sustain the tempo, if simply because there are solely so many individuals prepared to pay $10 per 30 days for music. If the ten million determine is correct, although, it is sure to make rivals nervous. Analysts estimate that Apple might have the most important streaming music service by subsequent yr. That is no imply feat for a corporation that many consider was late to the get together.

[Image credit: Chris Ratcliffe/Bloomberg via Getty Images]

27 Shares

Share

Tweet

Share

Save

Feedback