CALIFORNIA - Apple Inc's new music streaming service has netted more than 6.5 million paid users, the tech giant's Chief Executive Officer Tim Cook said.
Speaking at a technology conference organized by The Wall Street Journal in Laguna Beach, Calif., Cook said that an additional 8.5 million people are participating in a free trial of the Apple Music service. That gives it more than 15 million users in total, which Cook described as a successful debut.
"I'm really happy about it, and I think the runway here is really good," Cook said.
Released in June, Apple Music is the company's attempt to carry its dominance of digital music through its iTunes store into the era of music streaming pioneered by Spotify and others. Apple is allowing users to test its service with a 90-day free trial, which elapsed for the first users earlier this month.
Analysts have predicted that Apple's service will find a strong following due to the vast installed base of iTunes users, but few think the iPhone maker will eclipse other music streaming companies. Spotify, the industry leader, has more than 20 million paid subscribers worldwide, the company has told Reuters.
In a wide-ranging conversation with Gerard Baker, editor in chief of The Wall Street Journal, Cook also touched on Apple TV, which recently received a long-awaited update. A new version of the set-top box featuring apps and expanded search features will be released later this month, but the product does not include a streaming TV service, which industry executives say the company is exploring.
Although television has been slow to change, Cook expressed optimism that the industry will eventually embrace his vision of apps for TV.
"There are very few content owners that believe that the existing model will last forever," Cook said. "I think the most forward-thinking ones are looking and saying, 'I'd rather have the first-mover advantage.'"
Cook did not publicly acknowledge efforts by Apple to build an electric vehicle, which sources tell Reuters are under way. But he sketched out his future vision of what cars will look like, with a greater infusion of technology.
"What I see is that software becomes an increasingly important component of the car of the future," he said. "You see that autonomous driving becomes much more important." -Reuters
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
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