Apple Inc (NASDAQ: AAPL) in the coming few days at the WWDC 2015 will probably introduce a new music streaming service with one of its assets, Beats Music.
However, the big news here is that the Cupertino giant is rumored to provide the service free of charge to its users. Earlier it was reported that the Apple Inc would charge its users $8 a month for using the streaming service, but now it seems like it’s going to be free for all.
Free music streaming service from Apple could mean a huge loss in business to other competitors in the market. Whether it is to be Spotify or Pandora, they all will have to entertain a huge drop in their user base and streaming service subscribers.
Cupertino giant can also target its biggest rival in the mobile industry, Samsung, by allowing the service to run on every platform.
However, Apple Inc is less likely to make the service cross platform, but there are chances of it as it recently opened the iCloud services open to non-Apple users. Now, anyone can sign up for the iCloud and use Keynote, Pages and other few products from the company.
Reports suggest that the company is probably going to have some advertisements within the app to generate a revenue, but the profit made out of it would be significantly small.
What we can speculate is that the company can offer downloads or any such service for a monthly subscription, but in any case Apple is going to have an infrastructure that will help service generate some big numbers for the company.
Apple Inc is also under the FTC investigation for having an exclusive deals with the artists and labels around the world. It is without a doubt that the Apple Inc already has an upper hand in the music industry with the iTunes.
We are only a few weeks away from the WWDC 2015, and can expect the announcement of the new services and products.