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Streaming Music Industry to See Apple Music Launch Tuesday

July 6, 2023
in Trade Tube
Reading Time: 1 min read
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Apple (AAPL) Music is set to launch Tuesday. It’s a subscription based service that offers on demand access to the iTunes music library for $9.99 a month. Users get a 3 month free trial. So instead of having to shell out $1.29 for each song, you will get full access to the library. Apple will also provide a radio experience, like rival Pandora, but Apple will staff its radio with actual disc jockeys. Apple Music has a social networking function as well that lets musicians talk directly to fans and offer tickets to concerts. Apple Music will be rolled out as an update to the music app that comes built into every iPhone and iPad. The app will also work on Apple Watch, as well as on Mac Desktops and PC’s. An interested Apple Music user will need to update the IOS software. Apple shares are trading near the 52 week high of $133.00, closing Friday at $126.75.

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