Apple’s services revenue hits all-time high, registers growth of 13% year-on-year

Apple’s services revenue hits all-time high, registers growth of 13% year-on-year The FAANG Companies are back in focus in this week’s subscription roundup. We first examine the latest quarterly earnings reports released by Apple and Spotify, before moving on to Amazon which has started a new service for Prime members. Netflix continues to focus on improving its technology for users, while Facebook is exploring the possibility of selling subscription services through a new device. We then look at the news surrounding Google’s Play Pass subscription service. And finally, we deep dive into Regal Entertainment’s movie subscription service.

Apple registers record services revenue growth of $11.46 billion in Q3

Apple’s services category, which contains its subscription services, Apple Pay and others, has contributed significantly to the company’s growth this quarter, even as its iPhone sales continue to slow down. The services segment brought in $11.46 billion in Q3, up from $10.47 billion in the same quarter last year. Apple marked a significant shift towards subscription-based services when it announced the launch of Apple TV+ and Apple News+ earlier this year. Apple CEO Tim Cook wants his company to reach $14 billion in services revenue per quarter by 2020. 

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Spotify subscribers grew by 31% in Q2

Music streaming giant Spotify has continued to showcase healthy growth in the second quarter of 2019 by adding 31% more subscribers. Now with108 million subscribers, it holds a comfortable lead over arch-rival Apple Music which has 60 million subscribers. Notably, Spotify’s increasing push towards podcasts has paid rich dividends as its podcast-listening audience has grown by 50% over the last quarter and almost doubled since the start of the year. However, subscriber growth wasn’t as strong as expected and its shares slumped by 5.7%.

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Amazon Prime members now have access to personal shopper service

The world’s most diverse subscription bundle, Amazon Prime, just added one more interesting service for its subscribers. Called Personal Shopper by Prime Wardrobe, the service will send Prime subscribers curated shopping options every month. The box will contain eight items for customers to try out for free, after which they will pay only for the purchased items. The service will cost an additional $4.99 per month and is currently available only to women.

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Netflix testing ‘physical activity’ tracking of its subscribers

One of the big reasons behind Netflix’s rise is the use of data to provide smart recommendations. Now, the company is reportedly testing a way to track the physical activity of its subscribers. The SVOD giant confirmed that it is an effort towards improving video quality for subscribers on the move.

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Facebook reportedly reached out to Netflix, Disney for its new device

Facebook has reportedly reached out to entertainment giants such as Netflix, Disney and HBO, among others, to include their streaming services on its new TV chat device, slated for a release this autumn. The new device, dubbed Catalina, will be similar to Apple TV and come equipped with a remote and streaming video services.

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Google testing Play Pass subscriptions

Google is actively testing Play Pass, a monthly subscription service that will provide access to hundreds of premium apps on the Google Play Store. The service includes both applications and games. In addition, the non-entertainment software will be free of ads and in-app purchases. While the exact date of availability is not yet known, the service is expected to be priced at $4.99 per month, along with a 10-day free trial.

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Regal Entertainment starts offering unlimited movie subscriptions

US-based Regal Entertainment is the latest company to start offering unlimited movie subscriptions, which was first started by MoviePass. Costing $18 for the entry-level tier, the ‘Regal Unlimited’ subscription plan allows users to view as many movies as they want, a sweeter deal compared with arch-rival AMC Entertainment.

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Also read: Amazon Prime Video now streaming in VR