News by Pablo Jimenez on Tuesday October 20, 2015.
|Sponsored links, if any, appear in green.|
Apple has announced that its Apple Music streaming service is off to a good start as CEO Tim Cook revealed on Monday that the company has 6.5 million paying subscribers for the service. It is a very pleasing number for the company considering Apple Music only launched on June 30th of this year.The service has also managed to retain a sizeable amount of those consumers who originally signed up for the free three month trial. 11 million consumers did just that, but the trial period ended on September 30th, at least for those who started their free subscription at launch. To hold 6.5 million of those subscriber means that Apple Music is already a good revenue stream for Apple. Biggest rival Spotify has some 75 million total subscribers, while 20 million of those are paying. Apple is already on course to get to those sorts of levels and it is apparent that Apple Music is here to stay and that Cupertino will be a major player in this industry.
"We have music experts, just like the DJ when we were growing up... that are deciding what's next. And it gives you a feeling that there are no words in my vocabulary to describe. It brings the art back in music."-Tim Cook, CEO, Apple