(P) : Free Stock Analysis ReportĪlphabet Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. See Zacks' 3 Best Stocks to Play This Trend > Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early. By 2020, it's predicted to blast through the roof to $47 billion. Last year, it generated $8 billion in global revenues. So while iPods led the way for iPhones and helped cement Apple’s current popularity, Apple is setting its sights on the future of music once again. And the iPod Shuffle doesn’t have Bluetooth, preventing the device from working with AirPods, Apple’s latest wireless headphones. Neither device supports Apple Music, forcing users to purchase new music from the Apple store. The iPod Nano and iPod Shuffle aren’t compatible with this growing trend of music streaming, Apple’s new strategy of growth. It has drawn popularity with its extensive music library and its collaborations with popular artists, like Taylor Swift and Drake. Apple Music currently offers monthly subscriptions at $9.99 for individuals and $14.99 for families, allowing up to six people to use the same account. The retail giant also offers Music Unlimited for $9.99 per month, or $7.99 per month for prime members.Īpple launched its music streaming service in 2015. Various companies now offer $9.99 per month plans alongside Rhapsody, like Pandora P, Alphabet’s GOOGL Google Play Music, Jay-Z’s Tidal, and, the most popular of all, Spotify.Ī AMZN has also recently gotten into the game by offering Prime Music free to all prime members. While Rhapsody, the original music streaming service, has been around since 2001, the competition among streaming services has only been heating up in recent years. And to do that, they use music streaming services. But as of last year, the iPhone generated nearly $136 billion, whereas Apple no longer specifies how much Nanos and Shuffles generate in revenue.Īpple has needed to make the shift away from selling traditional music players because now most people listen to music only on their smartphones.
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