Analyst: Apple Music revenue of about 2 billion US dollars last year | an increase of 91%

According to foreign media reports, contributed more than half of Apple's iPhone sales fell in the fourth quarter of last year, but revenue growth, including services such as Apple Music.

Apple Music

Apple released February 1 earnings report shows that as of December 30 last year, the first quarter of 2018 fiscal year, Apple services revenue 8.471 billion US dollars, the previous fiscal year was 7.172 billion US dollars, an increase of 18%.

But so far, Apple just announced the overall revenue of services, did not disclose the specific services such as Apple Music revenues, which also made it difficult for the outside world to know the proportion of Apple Music revenue and the proportion of revenue and development status .

Although Apple has not announced it, some analysts gave their predictions. Bernstein analyst Toni Sacconaghi estimated that Apple Music’s revenue last year was about $2 billion, an increase of 91%. %.

In Tony Sakonagi’s view, Apple Music’s revenue will grow significantly in the next two years. He expects that Apple Music’s revenue will increase by 70% year-on-year in fiscal year 2018, and by 50% in fiscal year 2019.