Oct 24, 2019 04:12 PM EST
Apple TV Plus Headed for $9 Billion in Revenue Says Analyst
According to Morgan Stanley, Apple TV+ is on track to grow into a $9 billion by 2025.
Analyst Katy Huberty said, "With an attractive price point at $4.99/month, and wide initial distribution to the Apple installed base via the bundled free year offer, we estimate Apple TV+ can become a $9B revenue business with 136M paid subscribers by FY25, assuming just 1 in every 10 Apple user pays for the Service by FY25."
Apple TV+ will be launching on November 1, with Apple users who are buying a new device, such as an iPhone, iPad, Apple TV, Mac or iPod touch, will be eligible for a free year of the service.
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