• Apple’s Music, Gaming Revenue to Rose to $8.2 Billion by 2025, Predicts JP Morgan
    Gaming

    Apple’s Music, Gaming Revenue to Rose to $8.2 Billion by 2025, Predicts JP Morgan

    Apple’s revenue from gaming and music offerings is expected to jump 36 percent to $8.2 billion (roughly Rs. 64,000 crore) by 2025, JP Morgan said on Monday, 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, is expected to account for a bigger chunk of that…