Apple Music passes 10m subscribers: Report
- 8 years ago
Apple Music has reportedly passed 10 million subscribers, according to the Financial Times.
The on-demand music streaming service from the iPhone maker launched just over six months ago, following the $3.2 billion acquisition of Beats Audio in May.
"It's good news that Apple is making streaming work but it is also going to accelerate the decline of downloads," Mark Mulligan, music industry analyst with Midia Research told the Financial Times.
Apple was rapidly gaining on Spotify, and at its current growth rate had "the potential to be the leading music subscription service sometime in 2017".
The Apple Music app is pre-installed with iOS 8.4 and is available in more than 100 countries.
The on-demand music streaming service from the iPhone maker launched just over six months ago, following the $3.2 billion acquisition of Beats Audio in May.
"It's good news that Apple is making streaming work but it is also going to accelerate the decline of downloads," Mark Mulligan, music industry analyst with Midia Research told the Financial Times.
Apple was rapidly gaining on Spotify, and at its current growth rate had "the potential to be the leading music subscription service sometime in 2017".
The Apple Music app is pre-installed with iOS 8.4 and is available in more than 100 countries.