Today (April 26th) Apple announced that it has now surpassed 13 million subscribers.
The news was revealed by CEO Tim Cook via a conference call.
What’s surprising about this milestone is just how quickly the service has managed to rack up millions of users. It was only in February of this year that DMN announced Apple Music hitting 11 million subscribers. To put Apple Music’s growth into perspective, Spotify took 6 years to hit 10 million paying users.
Apple Music has added another two million users in just two months.
The platform entered the music streaming market in July of last year, and has managed to hit 13 million subscribers in just 10 short months. If Apple Music keeps growing at this rate, we will see it hitting at least 15 million subscribers by its first birthday.
How is Apple Music growing so quickly?
The reason why Apple Music has been able to grow so quickly is due to the fact that people associate Apple with quality products that hold value, both on the hardware and software side. That brand power and reputation is undoubtedly a key factor in the early success of the service, with heavy advertising cementing the trajectory.
Without a doubt, that trajectory is applying heavy pressure on competitive streaming services. Spotify has raised $1 billion in debt financing to improve its service and to better compete in the streaming market. Apple, on the other hand, has its own billions to spend, with a paid-only subscriber tally that is nearly half of Spotify’s 30 million.
Terrible result in pursuit of $20B GLOBAL streaming mud puddle!
They have just closed worse quarter since 2003 with sales at $50.60!!!!!
We must switch to Discovery Moment Monetization or we will NOT
HAVE MUSIC INDUSTRY!
Google as a main ROADBLOCK is the best to do the surgery, however Apple with support of SUICIDAL LABELS and mega stars can also successfully start $200B music harvest.
Let’s START with conversion of over 100,000 Radio stations to primitive music stores.
One million dollars per station per year will give us $100B music business.
Actually it’s an encouraging result for the recorded music business.
Apple and iTunes are our labels main revenue income and Apple music’s success is very important to us.
The core income from recorded music for our label is still iTunes paid downloads – for us it’s still mostly a singles business.
iTunes use to be the best monetization source – it is almost dead!
AppleMusic intoxicated with Daniel Ek’s “proven business model” is outright KILLING music goodwill. There is no way around it! 13M Apple streamers will deliver just $1.56 billion dollars in annual revenues – WRONG ROAD TO PROSPERITY.
Inflation adjusted, 1999 CDs are worth today $67 billion dollars.
Internet is made for $200B+ MUSIC INDUSTRY – unless you are clueless IDIOT.
Many of those staffing o u r l a b e l s!
Impressive. Once Spitify sees how fast Apple is getting paid subscribers, they will have to accept that restricting their shameful free tier and pushing paid subscriptions is the way to go. Also, match the payment rate of AppleMusic or watch indies remove their catalog in favor of better platforms like AppleMusic and Tidal.
Paid downloads isn’t dead at all … but you need hits to get the large numbers..
iTunes is still the number one record store in the world ..
Looking at the comments, I’m left shaking my head. This is supposed to be a good-news feel-good story about the state of PAID streaming and you guys manage to turn it into a story about how this is going to bankrupt musicians! Instead of whining, how about you CELEBRATE the good results of services such as Apple Music. Heck, even SPOTIFY has done so! Here’s the link from Billboard: http://www.billboard.com/articles/business/7348467/spotify-cmo-seth-farbman-interview
I guess I’m just tired of the blame game. Industry blames the tech, tech blames industry and the labels. Fans blame musicians for being greedy and then the industry and its artists blame the fans (or pirates). Maybe, just MAYBE the answer is ourselves. We should ALL look in the mirror and start there. If we do, then we can solve the music problems. Just sayin’.