How much Apple earns from subscription fees alone
Apple Music + iCloud + Apple TV + Fitness + Books + Creators, and so on.
The number of paid software subscriptions alone is 1.5 billion.
Excluding hardware sales, they earn 200 trillion won just from subscription fees.
What makes these subscriptions scary is that, unlike OTT services like Netflix, people rarely cancel software subscriptions.
Samsung tried various things like Samsung Music (Melon Music), Samsung Cloud, etc., but eventually gave up on most.
Without a cloud service, they lack a single compelling factor to lock users in.
The only redeeming factor is Samsung Pay, but even that is mostly for domestic use.
As long as they lack a strong software ecosystem, they will never be the dominant player.
Hyundai and Kia are currently in a similar situation.
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