Apple (NASDAQ: AAPL)has set a lofty target of growing its services business to about $50 billion by 2020. That effort will in part be driven by growing paid subscriptions, with Apple Music and iCloud storage being the company's most prominent first-party services at the moment. The Mac maker is now up to 40 million paid Music subscribers, which at $10 per month per subscriber would translate into a $4.
8 billion business, before considering discounts like family plans, annual subscriptions, or subscriber growth going forward.Apple Music Is Boosting Services Revenue, but Not Profits
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