Apple Music Is Deemed An Early Success With 15 Million Subscribers So Far. Apple Music is doing well so far.
The streaming service has attracted over 15 million users, according to a new report, with expectations that many of those will become paid subscribers. (Photo : Apple | Tech Times) A new report citing information from industry sources is deeming Apple Music a big success — so far. The real test will come when the number of paying subscribers is determined. Apple appears to be on a roll these days.
Now, a new report indicates that the company's recently-introduced Apple Music streaming service is doing very well so far, beating some pundits' early expectations. According to music industry analyst Mark Mulligan of MIDiA Research: "If Apple reports between 30 million and 50 million trialists by year-end, then we can consider it successful, he told the Post. Mulligan expects that, while 35 to 45 percent of subscribers will make the initial payment for the service, about 20 to 25 percent will continue making payments monthly.
Apple profits shine. Apple Computers became the latest computer company to surprise Wall Street with its second quarter profits.
The company reported better-than-expected profits of $101m for the three months until the end of June, as against a loss of $56m a year ago. Apple has now been in profit for the last three quarters. Earnings per share were 50 cents per share after excluding exceptional items, much better than the 33 cents that the markets were expecting. The company announced its results after US markets closed on Wednesday. Apple said that it had a "terrific quarter", according to Apple's interim CEO Steve Jobs.
"We sold a record number of power macintosh G3 computers, customers love our new powerbooks, Apple earned its highest profits in years, and we ended the quarter with the lowest inventory level among the major PC players," he said. Apple, which invented the personal computer, appeared to lose its way in recent years as the IBM-PC clones based on Windows technology dominated the market. Samsung ordered to pay Apple $119.6m. 3 May 2014Last updated at 00:30 ET The "slide to unlock" feature was one of those under scrutiny Samsung has been ordered to pay $119.6m (£71m) to Apple by a US court for infringing two of its patents.
A jury in California delivered its verdict in a federal court in San Jose on Friday in the latest lawsuit involving the two tech giants. Apple had sought $2bn at the trial, accusing Samsung of violating patents on smartphone features. The court also ruled that Apple infringed Samsung's patents and awarded $158,000 in damages. Apple profits up on iPhone sales - BBC News. iPad Pro, new Apple TV and iPhone 6S handsets unveiled - BBC News. Apple has unveiled a larger iPad tablet, a TV box with its own app store and new iPhones that can detect how firmly their screens are being pressed.
The firm suggested the iPad Pro was suited to work tasks, video games and both editing and watching movies. Sales of the company's earlier iPads had been on the decline. Apple said the "3D touch" feature of its new phones "transformed" the experience of using them by making it easier to use and switch between apps.
Huawei demonstrated its own version of the feature - which it called "force touch" - at its own launch event last week. Bigger iPad The iPad Pro has a 12.9in (32.8cm) display, making its shortest edge the length of its earlier iPad Air 2's height. US stock markets slide as Apple falls - BBC News. Image copyright Getty Images (Close:) Wall Street fell on Wednesday, weighed down by a slide in Apple shares and weakness in the energy sector.
The declines came despite European and major Asian markets ending the day higher. The Dow Jones fell 1.5% to 16,253.5 points, while the S&P 500 lost 1.4% to 1,942 points and the Nasdaq ended down 1.1% at 4,756.5 points. Apple closed 1.9% lower at $110.15 in heavy trading after its latest product launch disappointed some investors. By the close, the Dow Jones had swung more than 400 points from its peak of the day. "Investors are still looking for policy developments out of China, and also wary of what might come out of the Fed next week," said Bucky Hellwig, senior vice-president at BB&T Wealth Management. Declines were led by energy stocks, which fell as the price of oil slumped for a third consecutive day.
Oil fell on concerns that global supplies were still outpacing demand.