Report: Apple could shutdown iTunes music downloads in favor of Apple Music within two years

[UPDATE: Apple spokesperson Tom Neumayr has denied this report in a statement to Recode, simply saying it’s “not true.”]

A report from Digital Music News today citing sources close to Apple claims the company is currently considering a plan that would see it shutdown its iTunes Store music download business within two years. The move would mean the company would stop selling downloads of music from iTunes and instead focus entirely on monthly subscriptions to its Apple Music streaming service.

However, on top of the rather fast two year timeline quoted for exiting from the downloads business, the report does add that a 3 to 4 year timeline is also something being considered by Apple executives:

more…

Filed under: Apps Tagged: Apple, Apple Music, downloads, iTunes, Music, Revenue, sales
Source: 9to5 Mac