“Apple shares are higher on Tuesday after CEO Tim Cook announced positive figures for Apple Music subscribers and said that Apple TV modernized the television as a medium, the Wall Street Journal reports,” U-Jin Lee reports for TheStreet.
“So far, the tech giant’s streaming music service has a total of 15 million users — 6.5 million paying subscribers and 8.5 million users on three-month trials,” Lee reports. “‘I’m really happy about it, and I think the runway here is really good,’ Cook stated.”
“Additionally, Apple plans to start shipping its fourth generation Apple TV on October 30,” Lee reports. “Regarding the Apple Watch, Cook did not reveal sales figures, however, he said that he predicts the company will ship even more in this quarter than it did the last quarter.”
Full article here.
MacDailyNews Take: The new Apple TV is many things, but it has not “modernized the television as a medium” (whatever that means) – yet.
SEE ALSO:
Apple’s new billion-dollar businesses: Apple Watch and Apple Music – October 20, 2015
Tim Cook: Apple TV launches next week; Apple Music has 6.5 million paying subscribers – October 20, 2015