It will be possible thanks to the enormous number of people who use the app and subscription services.
According to Reuters, JP Morgan strategic analysts led by Samik Chatterjee, evaluated that Apple’s revenue is set to grow by 36% to reach $8.2 billion in 2025.
Also, more than 110 million users will have paid subscriptions for music, and 70 million users are going to have paid subscriptions for game services.
Due to the growth of the gaming industry, as well as the demand for it, more and more customers will switch to paid subscriptions. Apple Music was launched in 2015 and is now only behind Spotify. Apple Inc hopes to raise about $7 billion in 2025. Another company’s cutting-edge development to have an eye on, Apple Arcade, will generate about $1.2 billion in the short run.
Although the company does not disclose official revenue figures for AppleStore, Apple TV, and Arcade, these innovative services brought the company $19.8 billion in revenue in the first quarter of this year.
We`ve reported that Apple is going to pay for payday loans from its balance sheet.