Apple To Acquire The Leading Music App Shazam
Apple

Apple to Acquire The Most Trending Music App Shazam

Apple is getting into the world of music with Shazam App

https://dk2dyle8k4h9a.cloudfront.net/Apple to Acquire The Most Trending Music App Shazam

Top Companies

01.
InMobi
Singapore
02.
Dot Com Infoway
New York, USA
03.
M&C Saatchi Mobile
New York City, USA
04.
Techmagnate
New Delhi, India
05.
Fetch
London, UK
View full report
Updated On
December 11, 2017 02:08 PM
4 min read

Latest Articles

A deal is all set to get finalized between Apple and Shazam, the app that identifies the music playing around the users. Shazam not only identifies songs but also movies and TV shows from an audio clip. MobileAppDaily sources have reportedly confirmed the deal for a whopping $400 million, which shows the worth of the app for the technological giant.

{IRP}

For Apple, the deal will come with obvious benefits, one important being experimenting Shazam with company’s music and sound recognition technologies. Additionally, the technological giant, Apple will save a huge amount of money it pays as commission to Shazam for sending users to its iTunes Stores in order to buy content. The commission from Apple formed a major share of revenue for Shazam in 2016.

An additional benefit for Apple comes as a major setback to competitors like Spotify and Google Play Music, where Shazam sends nearly 1 million clicks for a day. In case, Apple shuts down the services, it will surely hurt the revenue for the competitors. Shazam has reportedly made a deal with Snapchat; however, no official comments have been made by the music-identifying-app on this deal. Additionally, it is also not clear how the deal will affect the agreements quoted above.

{IRP}

The deal is absolutely going to benefit Apple as Shazam has already invested in AR or Augmented Reality. Shazam has forwarded an Augmented Reality platform for brands that was launched back in 2015. The benefit of using this technology lies in helping users scan books, magazine and even posters to convert the scanned elements either into 3D animations or 360-degree videos. The investment seems beneficial for Apple in case it wants to build its version similar to Google lens.

{IRP}

When it comes to downloading rates, Shazam is a lot popular having one billion downloads. Shazam, as a part of Apple, has all the potential to increase its already expanded download numbers and the count of extended users’ count it has. Owing to the reason, the app holds every bit of potential to grow massively in the upcoming years. Among all these developments, no official comments were either made by any of these technological giants.

For the Latest Mobile App Trends and Mobile App Reviews, follow MobileAppDaily on TwitterFacebookLinkedInInstagram and Flipboard

Joshua Anderson
Written By
Joshua Anderson

Joshua is a writer at MobileAppDaily and also works as a reporter for the team to keep our readers up to date. He is breaking the mobile app technology news for MobileAppDialy since 2016 and has more than 4 years of experience as a tech blogger.

Apple

All The New Features iOS 12 Brought To iPhone And iPad

Vikram Khajuria 4 min read  

Apple finally introduced the newest version of its iOS operating system, iOS 12 in its Worldwide Developers Conference. The update is expected to hit Apple devices in the autumn of 2018 but the iOS 12 developer preview is available now for the developers.Apple also introduced customizable Animoj

Apple

Twitter Video of Apple's Secret Self-Driving Car is 'The Thing' to know

Eric Jones 4 min read  

Apple has been frequently talked about in the news, ever since the company's CEO Tim Cook confirmed that Apple is working on “autonomous systems” for automobiles. The world could hardly compose their excitement when earlier this year, Apple was granted a permit to test autonomous veh

Apple

Apple Confirms It Takes Help From Google For Managing iCloud Data

Akash Singh Chauhan 4 min read  

Apple just confirmed that it has been using Google’s cloud service to store the iCloud data. In the publicly available iOS security documentation, the iPhone maker has disclosed that it relies on Google’s cloud storage system for its iCloud services. However, the company didn't revea

Apple

Peer-to-Peer Apple Pay Available in Beta Now For Users to Send Or Receive Cash

Joshua Anderson 4 min read  

Apple has made it easier for its users to pay cash with the all-new person-to-person payments in an iMessage with the Apple Pay Cash beta. The feature was announced earlier this year and caters to the users to either send or receive an amount inside the iOS mobile (message) app on iPhones. The rollo