Apple Music hit 11 million paid users
In the latest interview, Apple executives Eddy Cue revealed some information about Apple's services including the Apple Music. Over two weeks ago, Apple announced its first quarter earnings results, informing that the company's streaming music service hit 10 paying subscribers. Today, Apple announced that its Apple Music has more than 11 million paying customers
Apple offers users a three month free trial of Apple Music. After three months, a decision has to be made to either subscribe or drop the service. Apple Music's main rival Spotify now has more than 20 million paying subscribers out of 75 million active users. But the major difference is that it took Apple seven months to reach 11 million paying customers, while Spotify took 6 years to hit 20 million. Apple Music's strong growth is due to its free ad-supported tier of service that attracts more than 55 million listeners.
Apple is doing well in its streaming music service. Cupertino - based company is charging 9.99 USD for a monthly subscription to Apple Music, and 14.99 USD/month for a family up to six.
Cue also revealed during the interview that iCloud service now has 782 million subscribers. If you are asking why that doesn't match the 1 billion active installed devices CEO Tim Cook shared during Apple's conference call on January 26th, keep in mind that some iOS users have more than one device, and they are using the same iCloud account on all devices.
According to the latest report from PhoneDog, Apple is dominating the smartphone industry in terms of profits, accounting for 91% smartphone profits in 2015. Apple's biggest rival Samsung is still the leading smartphone manufacturer in the world; the South Korean tech giant had 23.9 % of the global market share last year.
According to tech experts, Apple's share of smartphone profits may increase this year thanks to the launch of a new 4 inch iPhone called "5SE". The new device may launch on March 18th.