Published: 12 Dec 2017 › Updated: 12 Dec 2017
Apple-Shazam: Musically even after
Apple has confirmed that it has bought Shazam, a London-based app that allows smartphone users to identify music, for a reported $400m. The tech giant, which revolutionized music with the introduction of the iPod and iPhone, said Shazam was a natural fit for its Apple Music streaming service. Shazam has had a hard time finding a viable business model, pulling in only $54 million in revenue in 2016.
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