Apple’s Video Streaming Service: From Just $500 Million to $4.4 Billion by 2025

Must Read

Looking For A Job At Amazon? Jeff Bezos Is Willing To Hire Everyone If……

The global pandemic Covid-19 has thrown the whole world into complete chaos. Amid this perilous situation, one...

Facebook To Invest In Reliance Jio To Redefine The Market Equations in India?

Since the launch of Reliance Jio in the year 2016, Reliance Industries, owned by Mukesh Ambani, the...

Pay Hike In India Indian IT Firms: It’s All About Cutting Bonuses And Freezing Hikes This Year

The pay hike in Indian IT firms is most likely to disappoint employees very much this year.

The era of going to the theatres are long gone. We live in a time when everything is available on demand, at your fingertips. Reed Hastings, CEO – Netflix, certainly thought ahead of the tech curve before giving the world its first on-demand video streaming site. The astounding growth of the company in the last few years has attracted many eyeballs, and now the other big players are trying to invest their money in the same space. Reputed multinational investment bank Morgan Stanley has predicted that the world’s most valuable tech company Apple Inc. (NASDAQ:AAPL) is going to make around $4.4 billion in revenue through its video streaming site by the end of 2025. It’s going to be a remarkable growth for Apple considering the company’s video streaming service is expected to garner just $500 million in 2019.

Apple Video Streaming Service: The Game Plan

Morgan Stanley cited the reason behind this prediction of profit to be the fact that Apple houses the world’s most “valuable” technological platform, catering to over 1.3 billion active devices. This gives it a better head-start among its competitors with respect to them starting to provide new services. And this aspect of profitability is not just true for the on-demand video streaming domain. It also gives them a good foothold if they want to venture into other domains like Augmented Reality, autos, health and home.

Apple is rumoured to launch Netflix competitor sooner than expected. In fact, we won’t be surprised to see Apple announcing the launch of its video streaming service on 12th September, alongside the launch of 2018 iPhones. Apple has started hiring a number of executives from the TV industry and already working on a number of TV shows.

Advertisements

The worldwide video streaming market is estimated to be $19.57 billion in 2018. Between 2018 and 2022, the market is expected to grow at a CAGR of 5.1% to $23.88 billion. It’s also expected that by the end of 2022, one in every 10 people will be using video streaming service worldwide.

Others Too Want A Sizeable Chunk of The Pie

Apple is not the only one trying to explore the on-demand video streaming domain after the success of Netflix. If anything, Apple is the company which has come late to the party. There have been loads of attempts at trying to replicate Netflix’s success, but no one has been able to replicate it to that extent. Some of the most popular ones include Hulu, Sling TV, Amazon Prime Video, etc. Even HBO has started offering its services for its customer base which is moving on from the traditional cable subscription. Its streaming platform, HBO Now, fulfils this requirement.

What Is Apple Up To

This has been a very good year for Apple. Last month, it became the first publicly traded company to achieve a market cap of $1 trillion. In addition to that, the iPhone launch event on the 12th of September is predicted to be a huge success. Apple is now trying to foray into space which is already being explored by other big competitors like Amazon. Funnily enough, all three companies in question, Apple, Amazon and Netflix, make the cut for the best performing tech stocks, along with Google and Facebook. This has earned them an acronym, called FAANG. Whether more companies are added to this remains to be seen.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

The Coronavirus Outbreak Will Change the Business Landscape Permanently!

Make no mistake, the events of the next few days, weeks, and months will have a lasting...

Facebook To Revamp Their Live Streaming Feature By Adding More Functionality. Know Why!

With the Covid-19 outbreak forcing people to stay indoors worldwide, many people have taken to social media platforms to showcase their lives...

Facebook Users Who Dumped It Earlier Are Returning Back To The Platform!

Facebook Inc. (NASDAQ:FB) is gaining ground and it's no less than a surprise to know who is leading the growth this time!

Zoom iOS App Caught Sharing User Data With Facebook! Are You Using It?

With the growing number of people worldwide now trying to adapt to the ‘work-from-home’ situation amid the Covid-19 outbreak, Zoom which is...

A New WhatsApp Scam Is So Lucrative That You May Find Difficult To Resist

As the usage of social media and mobile messaging apps has surged tremendously worldwide due to the social distancing and lockdowns to...

Switch Off Your Amazon Alexa If You Are Working From Home!

Weeks after the widespread of the coronavirus, countries continue to go into lockdown mode for more weeks to come. People are advised...

In-Depth: Dprime

YouTube Should Have Bid Adieu To Dislike Button Much Earlier?

Online video sharing platform YouTube can be a ruthless place for content creators targeted by 'dislike mobs'. And the site owners totally understand that...

Facebook Has Pulled Off A Masterstroke By Integrating Its ‘Family Of Apps’?

It’s indeed hard to believe that ONE man sitting at Menlo Park, oversees how nearly a third of the world’s population interacts with each...

Facebook’s Crunch Conquest: By Relying Largely On The US Market, Is Facebook Running a Risk?

Two billion! That's Facebook, Inc. (NASDAQ: FB) for you - Right when you thought that this social-media giant has already connected the entire world, it's...

More Articles Like This