Apple's TV service will grow like crazy and be a $9 billion business by 2025, Morgan Stanley says

Morgan Stanley analysts estimate Apple TV+ could be a $9 billion-per-year business by 2025, even with conservative sign-up estimates.Morgan Stanley raises its price target on Apple stock 17% and currently has the highest price target among 33 analysts covering Apple.Growth in Apple's services business will hit 20% next year, boosted by its new Apple TV+ streaming service, Morgan Stanley analyst Katy Huberty predicted in a note distributed on Tuesday.

Apple TV+ is a streaming service that is launching in November and will cost $4.99 per month for access to a variety of original TV shows and movies bankrolled by. Apple will bundle a free year of the service with the purchase of a new product such as an iPhone or iPad. The predicted strength of Apple TV+, as well as Morgan Stanley's belief that iPhone sales will return "to growth as replacement cycles peak," is why Morgan Stanley raised its price target for Apple stock to $289 from $247, a 17% increase. It's currently the highest price target among 33 analysts covering Apple, according to FactSet.

Huberty is bullish on Apple TV+ growth, even if only a small fraction of people who pick up the free year end up paying to subscribe. "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," Huberty wrote.

Just own the stock

SavetheChildren, Apple should rather edit their Templates:

kwabb_

we'll see, morgan stanley act like netflix & disney+ dead.

No it won’t…they have to spend on a lot of content before it grows to this size. This is not like the music business.

HBO, Netflix, Amazon Prime, Apple TV, Disney +, Hulu... The streaming market ain’t that big, someone has to fall.

Entertainment industry and streaming competitions, sounds Money........

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney and Apple TV shows have bigger budgets than 'Game of Thrones' - Business InsiderApple is reportedly dropping $300 million for two seasons of 'The Morning Show' and Disney is spending up to $25 million an episode on Marvel series.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Apple is on fire and helping the chip stocks rally, Jim Cramer says'We're getting some tremendous positive pin action here with some very important companies putting up excellent results and it's reverberating,' 'Mad Money's' Jim Cramer says.
Source: CNBC - 🏆 12. / 72 Read more »