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Apple Music Now Has 38 Million Subscribers

Apple’s online Music streaming service, Apple Music has now some 38 million subscribers, Apple SVP of Internet Software and Services Eddy Cue announced on Tuesday.

Cue disclosed such detail in an onstage interview at the South during the Southwest festival. Apple Music’s recent figures, he said, is a product of the Apple’s determination to gain more subscribers.

Apple Music gained 2 million subscribers in just last month

In just a few months, Apple Music has gained exactly two million subscribers. Furthermore, an additional 8 million of the company’s music streaming subscribers are now on a trial basis, according to Cue.

Cue further added that if the company would combine both Apple Music and Spotify’s subscriber bases, it equates to at least 100 million subscribers.

“The real opportunity for music – and it’s not about Spotify or us or the labels, it’s about artists – is how do they get their music to everyone around the world and how do they get compensated for that,” Cue said.

“We both have to grow by significant amounts to get to the numbers which it should,” he added.

With the given 100 million subscriber base, the Apple high ranking official pointed out that there’s still room for development. During his speech, Cue gave an estimate of about 2 billion that would soon subscribe to Apple Music or Spotify, the company’s rival.

To solidify its position, Cue further explained that more than half a billion customers were able to access the App Store every week. All, he said, would likely to subscribe the company’s online music streaming service.

Meanwhile, Apple Music’s rival, Spotify is planning to go public after it disclosed that it has 71 million paying subscribers. Back in 2017, Spotify has recorded 159 million monthly active users. These Spotify users were actively streaming 40.3 billion hours of content, based on the recent U.S. Securities and Exchange Commission filings.

via TechNewsGadget



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Apple Music Now Has 38 Million Subscribers

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