“Apple’s Services revenue rose 24% YoY (year-over-year) in fiscal 4Q16 to $6.3 billion,” Adam Rogers writes for Market Realist. “App Store revenue was driven by Apple Music, which grew 22% YoY.”
“Recently, a J.D. Power Streaming Music Satisfaction Study named Apple Music as the top-rated music streaming service,” Rogers writes. “According to the study, 35% of respondents were “strongly committed” to Apple Music. In comparison, 30% of respondents were strongly committed to Spotify and Google Music.”
“Apple Music now has over 17 million subscribers, up from 15 million in August 2016 and 11 million in March 2016,” Rogers writes. “Spotify has only 30 million paid subscribers, and the company has taken almost ten years to reach this figure.”
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