Morgan Stanley analyst Katy Huberty released an interesting chart highlighting the need for an Apple-branded on-demand music streaming product. Apple currently only sells individual songs or whole albums on iTunes.
The analyst writes in a note to clients issued Wednesday that iTunes sales are down 24 percent year-on-year. Moreover, Apple’s 800 million iTunes users are spending an average of $3.29 on iTunes.
For the sake of clarity, the $3.29 figure represents a combined per-user services revenue that includes music, movies, iOS and Mac apps and more. That being said, Apple is clearly taking a heat due to its refusal to introduce a subscription music service because iTunes users seem to spending more on apps and less on music…... Read the rest of this post here
"Chart of the day: why Apple must buy Beats or make own subscription music product" is an article by iDownloadBlog.com.
Make sure to follow us on Twitter, Facebook, and Google+.
0 comments :
Post a Comment