Apple Executive Eddy Cue confirmed the number in a French business publication. According to the company, Beats 1 also has "tens of millions of users." Apple Music has shown steady growth since its launch in 2015. The subscription service hit 40 million paid users just over a year ago.
Apple is asking major suppliers to evaluate the cost implications of shifting 15% to 30% of production capacity from China to Southeast Asia, Nikkei reports. Meanwhile, A group of chief executive officers of American corporations are set to meet with Chinese Premier Li Keqiang this week as the simmering trade war ensnares companies from both countries, sources say.
Huawei is pushing back against talk that China could target Apple in the trade war, saying there is much to learn from its American rival after overtaking it to become the world's second largest smartphone maker earlier this year. Founder Ren Zhengfei told us why he still considers Apple to be his teacher. He spoke exclusively to Bloomberg's Tom Mackenzie at Huawei's headquarters in Shenzhen.
Bob Iger, chairman and chief executive officer at Walt Disney, discusses the details of the company’s new streaming service, how they’re going to bundle channels, their partnerships, staying on the Apple board, his outlook for earnings, Disney content overseas, the Star Wars brand, the acquisition of the Fox assets, where he sees the company in 5 years and the company’s focus on original content.