Apple music, gaming to bring in over $8 billion in revenue by 2025, JPM says

FILE PHOTO: Logo of an Apple store is seen in Washington, U.S., January 27, 2022. REUTERS/Joshua Roberts/File Photo

(Reuters) - Apple Inc's revenue from gaming and music offerings is expected to jump 36% to $8.2 billion by 2025, J.P.Morgan said on Monday, as the iPhone maker taps its huge user base to drive its subscription services.

The two services are likely to have a combined subscriber base of about 180 million by 2025 - 110 million for music and 70 million for gaming - boosted by the rapid spread of the internet and a booming gaming industry, according to JPM analysts, led by Samik Chatterjee.