Loads of assumptions but no concrete answers. Will Apple Music dominate the music streaming market? Is it successful because of the brand’s popularity? Or is the app simply the audience’s favorite? Users played Drake’s Scorpion 170 million times on the day of its release.
Every time someone listens to a song for at least 30 seconds, Apple counts it as a play.The platform has more than 75 million songs.Apple Music was holding 16% of the global music streaming market share in Q1 2021.Streaming revenues account for over 62% of the total global recorded music revenue.Apple Music’s 2020 revenue was 4.1 billion.It had 72 million subscribers in June 2020.In 2020, the platform was available in 167 countries.Apple Music was first released in 2015 for Android users.Let’s take a look at some Apple Music statistics to find the answer. However, it has grown into one of the industry leaders. Still, how much do you know about its music streaming segment?Īpple Music had a rocky start, facing serious competition in the face of Spotify and YouTube. You already know who Steve Jobs is and why Apple is so popular worldwide. Do you remember the times when MP3s were still a thing? Ages ago, right? Since the early 2000s, the music industry has taken a step ahead, thanks to several major companies.
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