Apple music was finally made available to the Public on Tuesday, 30th June. This would allowed 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.
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 iTune 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 iTune. 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 from 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 content of 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 which 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 of learning music and experiencing the culture of music as opposed to listening songs on demand.
Interswitch is the Most Valuable African Startup
Interswitch, the leading payment processing company headquartered in Lagos, Nigeria, is Africa’s most valuable start-up at a US$ 1 billion valuation.
Founded in 2002, Interswitch uses switching infrastructure to connect different banks in Nigeria and powered banks’ ATM cards. Presently, the company has over 11,000 ATMs on its network.
In 2010, Helios Investment Partners bought two-thirds of the company and in the following year, Interswitch bought a 60 percent stake in Bankom in Uganda.
Interswitch owns Verve, Nigeria’s most used payment card, and accounted for 18 million of 25 million cards in circulation in Nigeria. The company also owns Quickteller and recently purchased VANSO, a mobile-focused technology provider to banks.
Like Interswitch, Stripe, the company that acquired Nigeria’s Paystack for over US$200 million, is the most valuable startup in the USA at over US$70 billion valuation.
Klarna, Nubank, Paytm and Grab leads in Europe, Latin America, India and Southeast Asia with valuations of US$10.65 billion, US$10 billion, US$16 billion and US$14 billion, respectively.
E-commerce Black Friday Sales Estimated to Surge by 40% to 10.2 Billion
The 2020 holiday shopping season will be unique, as the pandemic shifted consumer behavior from retail stores to online shopping. In response, many retailers moved their services online to not miss out on this year’s profits. Atlas VPN team decided to look into how e-commerce sales are set to perform in the upcoming long weekend.
Researchers predict that the US e-commerce revenue will exceed last year’s earnings by 49.5% on Thanksgiving day, totaling $6.18 billion in revenue. Black Friday is calculated to reach $10.2 billion in sales, exceeding last years numbers by 39.4%
Rachel Welch, COO of Atlas VPN, shares her tips on how to stay safe when shopping online during the holiday season:
“Watch out for too-good-to-be-true deals from unknown sellers, as cybercriminals will also expect to turn a profit during the holiday season, even though they are not selling anything, except maybe a bag full of disappointment.”
Finally, analysis shows that on the last day of the long and full of special offers Thanksgiving weekend, consumers will go all out to bring record sales for e-commerce businesses, adding up to $12.89 billion.
To look at these five days from a wider perspective, e-commerce companies can expect to earn around 39.72% more than they did last year.
Alibaba Merchants Sell $40B in First Half Hour of Singles Day 2020, More than 2019 Event Full Sales
Singles Day 2020 was a roaring success, cementing its position as the world’s biggest shopping holiday. Sales across Alibaba’s platforms during the event totaled $74.1 billion, up from $38 billion in 2019.
According to the research data analyzed and published by Stock Apps, within the first 30 minutes of the event, the gross merchandise volume (GMV) surpassed 2019’s full-event sales, reaching $40.87 billion.
Moreover, instead of live events, Alibaba had 400 company executives and 30 celebrities hosting livestreams. Based on a study by Coresight, the Chinese livestream market is set to rack in sales worth $125 billion in 2020, compared to $63 billion in 2019. The US livestream market is a small fraction of that, valued at $5 billion.
China’s Tech Heavyweights Lose $280 Billion in Market Cap
Alibaba Singles Day 2020 dwarfed other major shopping holidays as has been the trend in previous years.
According to Practical eCommerce, Amazon Prime Day 2020 sales totaled $10.4 billion up from $7.16 billion in 2019. Cyber Monday sales in the US amounted to $7.9 billion in 2020 according to Statista. Black Friday and Thanksgiving added $9.7 billion to the figure to make $17.6 billion for the weekend.
Similarly, in 2018, Singles Day sold $30.8 billion while Prime Day sold $4.19 billion and Thanksgiving weekend got $14.2 billion.
However, the 2020 Singles Day event came in the wake of Ant Group’s suspension of a $37 billion listing. The suspension resulted in a $76 billion drop in Alibaba’s market cap, as the tech giant owns a two-thirds stake in Ant Group. Moreover, China’s regulators released anti-trust draft rules prior to the event, aimed at controlling monopolistic behavior.
Following the release, Alibaba shares plunged by 9.8%, as JD.com shed off 9.2%. Tencent similarly saw a 7.39% drop and Xiaomi fell by 8.18%. For the five companies, there was a combined loss of $280 billion in market capitalization.
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