Tim Cook Says Apple Inc. Music Enjoyed By ‘Millions and Millions’

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Tim Cook Says Apple Inc. Music Enjoyed By ‘Millions and Millions’
ElisaRiva / Pixabay

Apple CEO Tim Cook announced that “Millions and millions of customer are already experiencing Apple Music and the number is growing substantially every day,” just weeks after the launch of the service a few weeks ago. Cook also said a large number of customers are enjoying its Beats 1, the global network radio station.

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Clearer picture of sales after three-month free trial period

During Apple’s quarterly earning call On Tuesday, Cook said the company is “thrilled about the response” to Apple Music, which was launched in over 100 countries on 30th June. But it is still not clear how many of the new customers will stick to the service when the company’s three-month free trial period is finished. After the trial period, users will have to pay $9.99 a month for an individual plan, and $14.99 a month for a family plan for up to six members.

Apple Music offers free internet radio services through Beats 1, which has gotten positive feedback from critics and early adopters. Users and experts appreciate Apple music’s human curation features, and the support in finding new music. Cook noted that over 15,000 artists have already joined Connect for sharing updates including unreleased songs and videos.

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Apple Music is a wonderful platform that provides a simple way to enjoy many varieties of music in one place. It is a good place for music lovers to connect with their favorite artists. The “incredible streaming music” service provides full-day live radio station broadcasting for fans, said Cook.

Apple Watch sales figures

For the quarter, Apple saw a net profit of $10.7 billion, up from last year’s $7.7 billion. Revenue for the quarter came in at $49.6 billion, which is 33% more than last year, and the highest in the last three years. iPhone sales saw a growth of 59% year over year.

Apple sold 47.5 million iPhones and 10.9 million iPads in the quarter, while the Apple Watch sales figures were not revealed by the company. However, Cook said the Apple Watch is getting “incredibly positive” feedback from the customers and they are satisfied with the usage rate. But his comments are not in line with  recent reports that note weak demand for the watch. On the watch sales figure, Cook said it “more than offset the decline in iPod and accessory sales.”

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Aman is MBA (Finance) with an experience on both Marketing and Finance side. He has worked as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, reviewing tech gadgets, playing PC games and cricket. - Email him at amanjain@valuewalk.com
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