A New Range Of Apple Services Could Include Podcasts+, Mail+, And More
Apple could leverage its services platforms even more by launching Podcasts+, Mail+, and even Stocks+. That’s according to analysts Loup Ventures.
Apple’s services revenue continues to grow, hence Loup Ventures is looking into ways it believes the company could further enhance its position.
Services revenue grew 16% to almost $54B for FY20, with the analysts believing that similar growth can be expected in FY21 as well. Apple’s services are already almost the size of a Fortune 50 company all on their own, but there’s still room for growth.
Loup Ventures thinks that growth could come from Podcasts+, Mail+, Maps+, Stocks+, and Health+. All of them would see additional value added to the existing apps and services that Apple offers, with the analysts taking a look into what that could entail in a detailed report recently.
Interestingly, the report notes that Apple Maps+ could be of benefit to an upcoming Apple Car, something that we’ve been hearing a lot about in recent days. Any car that is self-driving to a degree could benefit from advanced mapping technology and Apple Maps+ could offer that in spades.
However, it’s important to remember here that just because Apple could do something doesn’t mean that it will. Stocks+ is a great example of that, with Loup Ventures believing that the company could start offering trading services similar to Robinhood. That sounds like the kind of thing Apple might want to stay clear from, if only for the potential downside to running such a service.
The full report from Loup Ventures is absolutely worth a read if you’re interested in the ways Apple could grow its services revenue yet further.