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Seven Things You Need to Know About Apple Music

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Apple Music

Apple music was finally made available to the public on Tuesday, 30th June. This would allow Apple to compete with power players in the streaming music game. The service was announced at the World Wide Development Conference only a few weeks ago. The following are some of the 7 things you need to keep in mind immediately your iPhone is updated.

1. Launch Time
The senior director of Apple Music, Ian Rogers tweeted that users needed to have their iPhones updated after 30th June, East Coast time, 11 a.m. This is in order to get Apple Music as fast as possible. One hour later, at midday, Zane Lowe kicked off the broadcast of radio 1 beats from Los Angeles.

2. Price
It will cost $ 9.99 every month or $ 14.99 for a family plan accommodating a maximum of six users. Just like Rdio and Spotify, this entails unlimited streams and listening offline from the library of Apple Music. There is no such free tier for music on demand. For the first three months, Apple is giving free trials in order to attract established users from switching from competitors.

3. So … iTunes?
iTunes is fully alive, iTunes is not dead I repeat. On your iPhone, it will still be possible to see the purple icon of the iTunes store. The clients who still prefer buying their music for $ 1.29 at ago will not have anything changed. All that you own on iTunes will be integrated seamlessly to your library of Apple music. As such, you will not have it rebuilt from scratch; even the embarrassing album that you purchased in 2007 which you really don’t like.

4. The Catalog
You don’t have to pay a subscription fee for you to get everything in iTunes. If you wish to buy it separately, it can be streamed, downloaded and played whenever you wish. You will have a smooth experience and even not realize that it is not the same as music that you don’t really own. Google play will have this done on your behalf. It will be more than 30 million songs available during the launching.

5. What’s Connect?
Connect is a feed where artists share the content of a multimedia nature and at the same time, users get to comment on this content. One can follow the artist of his choice. All artists can get an account with Content, get verified and make direct posts. This offers a platform for fans and artists to interact casually.

6. Whistles and Bells
In order to have it separated from the pack that is crowded, Apple Music has had its little features doubled down. There is an interface filled with bubbles that makes one remember the app of Beats Music. This allows you to select artists and genres of your choice to diverse degrees. An album and playlist recommendations will then be made accordingly.

7. Human Curation
Human Curation is one thing that Apple Music pegs on. This can be found in the play station of Beats 1 radio that was assembled by actual people and not algorithms. There is a culture surrounding art that human beings compile and does not come to play through the normal algorithmic song list. Apple would like you to see its Apple Music as a platform for learning music and experiencing the culture of music as opposed to listening to songs on demand.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Nigeria’s Broadband Penetration Stalls at 42.53% Amid Connectivity Challenges

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Nigeria’s broadband penetration has stalled at 42.53% as of January, according to the latest report.

Subscriptions currently stand at 92.19 million, indicating a significant gap in connectivity, particularly in rural areas.

The Nigerian National Broadband Plan 2020-2025 aims to increase broadband penetration to 70% by 2025, with the ultimate goal of achieving 96% mobile broadband coverage by 2030.

However, this ambitious target requires substantial investment—approximately $461 million, according to a recent report by the Global System for Mobile Communications Association (GSMA).

While the country’s major telecommunications companies, such as MTN Nigeria and Airtel Africa, have invested heavily in expanding their network infrastructure, much of this development has been concentrated in urban areas. Rural and underserved regions face a significant coverage gap, exacerbating the digital divide.

Despite these challenges, Nigeria has made progress in improving its broadband infrastructure. Since 2012, the mobile broadband coverage gap across Africa has decreased from 56% to 13% in 2022, due to significant investments in network capacity and new technologies.

Nonetheless, millions of Nigerians, particularly those in rural regions, remain without access to essential telecom services.

To address this issue, Nigeria’s government established the Universal Service Provision Fund (USPF) in 2006, aimed at bridging the connectivity gap and expanding broadband access to unserved and underserved areas.

The fund provides resources for deploying telecommunications infrastructure in economically unviable regions.

The success of these initiatives, along with increased investments in broadband infrastructure and policies to incentivize internet expansion in remote areas, will be crucial in closing the connectivity gap and improving digital access for all Nigerians.

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iPhone Shipments Drop Amid Resurgence of Android Rivals

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Apple iPhone 14

Apple Inc. reported a significant drop in iPhone shipments during the March quarter, reflecting a downturn in sales across China amid the resurgence of competition from Android-powered rivals.

According to market tracker IDC, the tech giant shipped 50.1 million iPhones in the first three months of the year, a 9.6% year-on-year decline that fell short of the average analyst estimate of 51.7 million.

The steep decrease in iPhone sales marks Apple’s most significant quarterly dip since 2022, when Covid-19 lockdowns disrupted supply chains.

This time, the Cupertino-based company faces challenges from resurgent competitors such as Huawei Technologies Co. and Xiaomi Corp.

These firms have rebounded strongly in recent quarters, and their innovative product lines have begun to reclaim market share from Apple in China.

Samsung Electronics Co. regained its position as the top smartphone supplier globally, while Apple ranked second. Xiaomi closed the gap on Apple, shipping 40.8 million units, an impressive 33.8% increase year-on-year.

Transsion Holdings, another key player in the budget smartphone segment, nearly doubled its shipments, showcasing the competitive environment Apple faces.

Nabila Popal, research director at IDC, highlighted the broader shift in the smartphone market, which has recovered from the supply chain disruptions and challenges of recent years.

“While Apple has demonstrated resilience and growth in recent years, maintaining its pace and share in the market may prove challenging as Android manufacturers make strides,” Popal commented.

Apple has a strong brand and loyal customer base, yet its market position may be tested further by the aggressive pricing and innovative products offered by Chinese rivals.

The company’s efforts to sustain its premium pricing strategy may also be challenged as more customers consider switching to Android alternatives.

As the tech industry looks ahead to the rest of the year, Apple’s upcoming earnings report and strategic moves to address this competitive pressure will be closely watched by investors and industry observers alike.

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Meta Platforms Inc.’s Astonishing Rally Adds $1 Trillion in Value

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Facebook Meta

Meta Platforms Inc., formerly known as Facebook, has witnessed an extraordinary rally that has propelled its market value by $1 trillion.

The tech giant’s record-breaking surge, fueled by strategic investments in artificial intelligence (AI), underscores its resilience and adaptability in navigating the ever-evolving digital landscape.

Since its darkest days in 2022, Meta’s shares have undergone a remarkable transformation, soaring to new heights and shattering records along the way.

Despite its monumental growth, some perspectives suggest that Meta is still trading at a discount with its shares valued at 24 times estimated earnings early Wednesday, closely aligned with its 10-year average and just below the Nasdaq 100’s multiple of 25 times.

Among its peers in the Magnificent Seven group of big tech companies, only Alphabet Inc. boasts a lower multiple, standing at approximately 21 times.

AI emerges as the primary catalyst behind Meta’s astonishing rally, driving gains and serving as a harbinger of future growth prospects.

Meta’s substantial investments in AI have revolutionized ad targeting and content recommendation algorithms, enhancing user engagement and advertiser relevance.

The strategic bet on AI has paid off handsomely, with profits tripling in Meta’s most recent quarterly report, accompanied by a surge in revenue growth. Such robust earnings prompted Meta to announce a $50 billion buyback program and implement a dividend, further solidifying investor confidence in the company’s trajectory.

Conrad van Tienhoven, a portfolio manager at Riverpark Capital, lauds Meta’s strategic focus on AI, stating, “Outside of chip or hardware companies like Nvidia or Dell, no company has benefited more from AI than Meta, just in terms of the impact on growth.”

Meta’s unparalleled surge, exceeding 450% from its nadir almost 18 months ago, positions it as a standout performer among its peers. This year alone, Meta’s shares have surged by approximately 46%, trailing only chipmaker Nvidia Corp. within the Magnificent Seven cohort.

The recent selloff that preceded Meta’s current rebound underscored investor concerns over its spending on the metaverse initiative. However, Meta’s proactive measures, including a concerted focus on cost efficiency and innovation, have restored market confidence.

Rick Bensignor, chief executive officer of Bensignor Investment Strategies, affirms Meta’s trajectory, stating, “Meta has figured out how to get rid of unnecessary spending, which has been a real balance sheet plus, and it continues to innovate.”

As Meta prepares to unveil its first-quarter earnings results on April 24, investors eagerly anticipate updates on key metrics such as ad revenue growth and the efficacy of AI solutions.

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