New Delhi, Sept. 11 -- With services accounting for 20% of the overall revenue, Apple has forayed deeper into streaming and gaming services with the announcement of subscription based gaming service Arcade and video streaming service Apple TV+. Both cost $4.99 a month. Apple already has a music streaming service that starts at Rs.99 a month and is available in India.

Video streaming market is growing phenomenally and clearly, Apple is hoping to cash on it with its own streaming service.

According to a July report by PwC, India's video streaming industry is expected to grow at a CAGR of 21.82% and reach Rs.11,977 crore by 2023. The global video streaming market is expected to reach $124.57 billion by 2025 and expand at a CAGR of 19.6%, a...