Apple revenue from gaming, music projected to up 36% by ’25
SUBSCRIBE
JOBS
Go Back
--> 2 months ago 06:00:30am Television

Apple revenue from gaming, music projected to up 36% by ’25

New Delhi, 30-July-2022, By IBW Team

Apple says parts shortage easing; forecasts faster sales growth

Apple Inc.’s revenue from gaming and music offerings is expected to jump 36 percent to $8.2 billion by 2025, J.P.Morgan has said as the iPhone maker taps its huge user base to drive its subscription services.

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, according to JPM analysts, led by Samik Chatterjee.

Apple Music, which was launched in 2015 and is the second-biggest music-streaming service after Spotify Technology, is expected to account for a bigger chunk of that revenue, raking in about $7 billion by 2025, the brokerage said, according to a Reuters report.

Apple Arcade, the gaming subscription service launched in 2019, is estimated to pull in $1.2 billion.

Apple did not immediately respond to a request for comment. The company does not give a sales breakup for gaming and music services but the overall segment, which includes App Store, Apple TV+, Arcade and Apple Music, reported revenue of $19.82 billion for the March quarter. The business is seen as Apple’s engine for expansion.

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.


Leave a Reply

Your email address will not be published.

Related Posts

Our Events

  • img
    SatCab Symposium

    SatCab symposium organized by Aavishkar Media Group is an annual event. It's a well-informed event where we have a panel discussion on the current affairs and future forecasting on our industry.

  • img
    BCS
    Ratna Awards

    BCS Ratna Award organized by Aavishkar Media Group is an annual event. In this award function, a community of our industry is honored by receiving the award for the contribution of their work.

  • img
    Chetna Yatra

    Chetna Yatra organized by Aavishkar Media Group is an annual event. Held by Dr. AK Rastogi, Chairman of Aavishkar Media Group. Pilgrimage India in his car for connecting the people of our industry.

  • img
    Imaan India Sammaan

    Imaan India Samman is an event mobilized by Aavishkar Media Group, which was launched in 2012. Giving the award to the NGOs for giving their contribution to society.

Youtube Videos