Apple music, gaming to herald over $8 billion in income by 2025: J.P. Morgan

Apple Inc’s income from gaming and music choices is predicted to leap 36% to $8.2 billion by 2025, J.P.Morgan mentioned on Monday, because the iPhone maker faucets its enormous consumer base to drive its subscription providers.

The two providers are prone to have a mixed subscriber base of about 180 million by 2025 – 110 million for music and 70 million for gaming – boosted by the fast unfold of the web and a booming gaming trade, in accordance with JPM analysts, led by Samik Chatterjee.

Apple Music, which was launched in 2015 and is the second-biggest music-streaming service after Spotify Technology, is predicted to account for a much bigger chunk of that income, raking in about $7 billion by 2025, the brokerage mentioned.

Apple Arcade, the gaming subscription service launched in 2019, is estimated to tug in $1.2 billion.

Best of Express PremiumPremiumPremiumPremiumPremium

Apple didn’t instantly reply to a request for remark.

The firm doesn’t give a gross sales breakup for gaming and music providers however the general section, which incorporates App Store, Apple TV+, Arcade and Apple Music, reported income of $19.82 billion for the March quarter. The enterprise is seen as Apple’s engine for enlargement.

Chatterjee, who’s rated 5 stars for his estimate accuracy on Apple by Refinitiv Eikon, expects the gaming-market dimension to hit $360 billion by 2028 and music streaming to achieve $55 billion by 2025.