Wednesday, 25 April, 2018

Apple Music Has 40 Million Subscribers And A New Leader

Apple Music Has 40 Million Subscribers And A New Leader Apple Music Has 40 Million Subscribers And A New Leader
Velma Reese | 12 April, 2018, 04:20

The company disclosed the news in an internal memo announcing new leadership for the business, according to Variety. It's official that Apple Music now has more than 40 million paid subscribers.

Apple said it had appointed Oliver Schusser as vice president of Apple Music and global content. Schusser, who joined Apple 14 years ago, will report directly to Apple senior vice president Eddy Cue and will also oversee Apple's services outside the United States, including the App Store and iTunes.

Before being promoted, Schusser has worked on content projects in markets other than the United States for the App Store, iBooks, Podcasts, iTunes movies', and more. The new figures show that another 2 million signed up from March to April (a gain of 5.3%) to pay for Apple Music.

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Schusser previously led efforts outside the US related to the App Store, iTunes portals for movies and TV shows, iBooks and Apple Podcasts. At the moment, Apple Music has 40 million paying subscribers in 115 countries.

Apple shares are down 0.2%. White previously covered Apple at Drexel Hamilton.

Apple's services firm, which comprises Apple Music, the appstore and also I-Cloud, is becoming increasingly essential to the Apple's economic perspective because the intelligent phone industry has grown and also iPhone earnings expansion has slowed.

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