Music Industry News
It’s the big tech companies Apple, Amazon, Google & Co that are having success with streaming today, with the exception of Spotify. Twitter is now in the game too via Tidal. Tik Tok engages the youth…
How’s business?
At the end of the quarter, Apple had 745 million paying subscribers, up more than 160 million from a year ago, CFO Luca Maestri said on the conference call.
That’s encouraging, because now Apple is slowly approaching the old record of around 800 million iTunes subscribers, unfortunately 10% of that didn’t remain in the latest published figures. But here is again a lot of information and advertising about new Apple products and ongoing quarterly reports.
Things didn’t go so well for Amazon and a hint in the article doesn’t bode well for Apple’s service business:
Big Tech is facing tighter scrutiny from antitrust regulators, particularly Apple, which has appealed a key U.S. court ruling that would force the iPhone maker to loosen its stranglehold on its online app marketplace.
745 million paying subscribers come only through the controversial in-app purchases, from which Apple always makes a hefty profit. If 90% of customers already use services other than Apple Music, Apple TV, Apple wants its share via the Apple Store, which is now the main business in the service area alongside Google’s billion-dollar payment (search engine).
Those who use after old numbers and information realize that 745 million is not a number that we have not seen before:
There one deals also with the music streaming. It is the time when Spotify acquired EchoNest. Without this ingenious American recommendation engine, Spotify would never have become the market leader.
