Cupertino-based consumer electronics Apple Inc. is known to write history in the technology world such as the iPhones, iPads, and iWatches. Recently, they have again reached another milestone by netting over 10 million users for their Apple Music.
Fortune reported that after four weeks since the formal launching of their Apple Music, the online music service has garnered over 10 million subscribers despite a rough start, including a misunderstanding with pop sensation Taylor Swift.
Apple top executive Tim Cook said during an interview that there are millions of new customers who are already signing up for their three month trial period and the multi-billion company's happy about it.
Apple Music was conceptualized by Apple to compete with other online music streaming services such as Rdio, Pandora, Slacker, and Spotify. The Apple Music boasts on over 30 million tracks, which is a result of an accumulated iTunes library of all Apple users all over the world, CNet wrote. The tech review authority also graded the service 7.3 overall due to the outstanding number of songs available for the subscribers.
On the flip side, CNet hopes that Apple will address the cluttered design of the service that makes it hard to navigate. Another takeaway for Apple is the complicated and inconsistent performance of their iCloud Music Library.
Back in 2014, Apple was named by Wall Street as the world's most valuable public company at $617.9. Apple also made a record, in that same year, as Wall Street's highest stock repurchase for its iPhone and Mac Sales. This year, Apple is not yet ready to give up their throne as the world's most valuable public company and according to MacRumors, they are on the right track.
The Apple dedicated website recently published an article about the company's earnings for the 3rd quarter of the year and they have booked a total of $10.7B on earnings on a $49.6B revenue. The company's highest earner for this year was iPhone with a total of 47.5M sales, followed by iPad with 10.9M and Mac came in last with 4.8M total units sold.
Apple Inc. was the brainchild of two college dropouts Steve Jobs and Steve Wozniak. In 1969, Jobs and Wozniak went to design the company's first computer, the Apple 1, which is made from assembled circuit boards. The first Apple computer lacks a keyboard and a monitor. As the company progresses, Jobs became its CEO but was booted out in 1985, as a board decision. He went back to lead the company in the late 90s.
Apple finally took off in the early 2000s when the company introduced the first digital audio player, the iPod. Apple went on to rewrite the technology history when it introduced the product that cemented their space in the industry, the iPhone.
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