Apple's latest startup acquisition could give its music service a jolt. On Monday, Apple officially announced it was buying Shazam, maker of a popular music-recognition app. It's not hard to understand why the iPhone maker might have been interested in Shazam. As we can see in this chart from Statista, users of the company's app grew quickly up to 2015, and were expected to have doubled to 1 billion between 2014 and 2016.
Why This FDA Approval Could Be a Huge Deal for Apple
The FDA approval for an Apple Watch accessory could be the first step in a long journey that could amount to huge profitability for the iPhone maker.