JPMorgan Analysis claim Apple Music and Arcade Revenue will jump 36% to $8.2 Billion by 2025
Apple Music is currently the second largest music-streaming service and Apple Arcade is making waves...
The second largest music-streaming service, Apple Music, is set to garner nearly $8 Billion+ in revenue when paired with Apple Arcade by 2025, according to JPMorgan analysts.
Reuters reported that the revenue from Apple Music and Apple Arcade will jump 36% to $8.2 Billion by 2025.
“The two services are likely to have a combined subscriber base of about 180 million by 2025 – 110 million for music and 70 million for gaming – boosted by the rapid spread of the internet and a booming gaming industry”
Samik Chatterjee, JPM analyst, said.
“Chatterjee, who is rated five stars for his estimate accuracy on Apple by Refinitiv Eikon, expects the gaming-market size to hit $360 billion by 2028 and music streaming to reach $55 billion by 2025.”
The report from Chatterjee said.
The number of subscribers for their services is not disclosed along with how much each individual service makes. In Q1, Apple reported revenue of $19.82 Billion for services.
New games on Apple Arcade are added almost every week. Apple Music relies on iOS updates to see new features. Apple has introduced Dolby Atmos and Lossless quality within the last year and soon they plan to unveil Apple Classic, a music streaming service for classic music.