Apple Stock News: Apple Music and Apple Arcade to Earn $8.2 Billion Annual Revenue by 2025
Apple Stock News: Revenue from Apple’s music and games subscription service is expected to grow by 36% to $8.2 billion a year by 2025, according to JPMorgan (via Reuters). By 2025, Apple Music and Apple Arcade could have about 180 million users in total, with 110 million paying for the company’s Music service and 70 million paying for games.
Launched in 2015, Apple Music is now the second-largest Music streaming service behind Spotify and is expected to bring in $7 billion in revenue by 2025. Apple Arcade, which launches in 2019, is expected to bring in $1.2 billion in revenue. Apple did not break down sales in its services category, but the company reported $19.82 billion in sales for the March quarter. Apple’s services include the App Store, Apple TV+, Arcade, and Apple Music.
New iPad Pro Models With M2 Chip and Wireless Charging to Debut in September or October
Last week, Display Supply Chain Consultants (DSCC) analyst Ross Young claimed that Apple is working on a new 14.1-inch iPad Pro with a Mini-LED Display and ProMotion, It could make its debut early next year. Young’s claim about the 14.1-inch iPad Pro was confirmed by “Majin Bu,” but the successful Twitter leaker also hinted that the new iPad Pro could be unveiled at an Apple event later this year, leaving the leaker unclear about which models are expected to debut.
Gurman’s latest comments add some clarity to Apple’s plans for the iPad Pro line and the release dates for upcoming devices. In a Q&A with his latest Power On newsletter, Gurman said he expects Apple to update its existing iPad Pro in September or October, including “upgrades to the M2 chip, wireless charging and camera systems.” In addition to the upgrades, Majin Bu claims Apple’s updated 12.9-inch models will also have fewer borders around the display.
LG Already Preparing for Apple’s Second-Generation Mixed-Reality Headset
According to The Elec, LG Display is preparing to supply a micro-OLED Display panel for Apple’s second-generation mixed reality headset. LG Display is rumored to be ordering deposition equipment for micro-OLED displays from Sunic System. The company plans to use the device to develop and manufacture tiny OLED display panels for Apple’s second-generation mixed reality headset. While LG Display is believed to be part of the supply chain for Apple’s first-generation headphones, it is not expected to offer its main Display, and SONY is said to be providing the main micro-OLED Display panel for the first-generation headphones.
With its second-generation headphones, LG hopes to take over Apple’s main micro-OLED display order from SONY. This is also said to be in Apple’s interest, as SONY will indirectly compete with Apple’s headsets through its PlayStation VR headset. Late last year, Apple analyst Ming-Chi Kuo said Apple was already working on its second generation of headphones, which aim to deliver better performance with a lighter design, improved battery system, and a faster processor. Guo said the shipping schedule for the second generation earphones is in the second half of 2024, about two years after the first generation earphones are rumored to begin mass production.
Apple TV to Be Exclusive Home of Major League Soccer Starting in 2023
Apple announced a partnership with Major League Soccer that will see every MLS game streamed live through the Apple TV app for the next 10 years, starting in 2023. Football fans will be able to attend every live game without local blackouts or any kind of restrictions. It will include access to all MLS and League Cup matches and select MLS Next Pro and MLS Next matches. Apple will provide access to MLS games through a new MLS streaming service that will be available exclusively through the Apple TV app. In addition to all matches, it will include a weekly live match whip show and match replays, highlights, analysis, and in-depth behind-the-scenes views of players and clubs.