JP Morgan’s recent analysis report shows that Apple’s music Apple Music and game Apple Arcade service combined, by 2025, Apple may bring more than 8 billion US dollars in revenue.
Revenue from Apple Music and Apple Arcade is expected to grow 36% to $8.2 billion by 2025, according to JPMorgan. Apple Music is now the second-largest music streaming service after Spotify.
JPMorgan analysts said the two services could have a combined total of 180 million users by 2025, including 110 million for music and 70 million for games, thanks to the rapid spread of the Internet and the booming gaming industry.
JPMorgan believes Apple Music will bring in $7 billion by 2025, while Apple Arcade is estimated to bring in $1.2 billion. Currently, Apple’s earnings report doesn’t disclose revenue per service, or even how many users they have, but last quarter the company reported $19.82 billion in “services revenue,” which includes the App Store, Apple TV+, and Apple Arcade, and Apple Music.
While Apple Arcade rolls out new games almost every week, Apple Music mostly relies on iOS updates for new features. In the past year, the company introduced lossless sound quality. After acquiring Primephonic last year, Apple may soon launch Apple Classic, a classical music streaming service. In iOS 16, though, Apple Music has only gotten a few minor tweaks.
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