Apple Subscriptions How Lightning Could Strike Twice For Apple
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The 20,000 Foot View
Apple’s renaissance all started with music, with the iPod. With the succession of successful products that followed, Apple perfected its early follower model, waiting for others to establish markets and for them to bleed out on the cutting edge of innovation before sweeping in to dominate. Apple left it late for subscriptions but the odds are still in favour of its repeating the cycle. Demand for a music subscription service is high among Apple’s users and streaming incumbents will not relish the arrival of what remains the world’s biggest digital music service. Apple came out of nowhere to become the dominant download store, now it may do just the same for subscriptions.
Key Findings
- Nearly a of US consumers would pay the rate rising to among users
- If of entire iTunes users adopted, the number of subscribers globally would by million
- A fifth consumers and of iOS users upgrade their device in order get a discounted subscription rate
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consider themselves likely to buy a special edition iPhone or iPad that included months of subscription access, rising to of iOS users
- Near term will cannibalize subscriptions: of existing subscribers consider themselves likely to
- Long term exists with streaming newbies - only of downloaders are interested represent of all the interested
- Apple’s streaming will need to increasingly compete not with Apple
- Apple’s anticipated point will trigger deflation down pricing ladder, opening up innovation
- Apple could the first genuine music platform, there are multiple risk factors must overcome first
- A high may raise all boats with incumbents benefiting from Apple’s extensive efforts
Companies mentioned in this report: Apple, Spotify, Samsung, Nokia, Beyond Oblivion, Rhapsody, Rdio