According to the latest report, JP Morgan’s recent analysis report shows that by 2025, Apple Music and game Apple Arcade’s business revenue is expected to increase by 36%, to more than 8 billion US dollars.
JOIN US ON TELEGRAM
Apple uses its huge iPhone user base to drive subscription services. JPMorgan analysts led by Samik Chatterjee said the combined services could reach 180 million users by 2025.
According to the analysis, Apple Music has now become the second largest music streaming service after Spotify, and Apple Music will bring in $7 billion in revenue by 2025, and game subscription service Apple Arcade will bring in an estimated $1.2 billion in revenue.
It is reported that Apple did not disclose the segmented revenue and number of users of each service in Apple’s financial report. Last quarter, the company announced, that “service revenue” including the App Store, Apple TV +, Apple Arcade, and Apple Music was 19.82 billion US dollars and this category is currently seen as Apple’s development engine.
