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Apple Confirms It's Bringing Ads to Maps as Part of New Apple Business Platform

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Why This Matters

Apple's introduction of advertising in Maps marks a strategic move to expand its services revenue and compete with established ad platforms like Google. This new platform, Apple Business, aims to offer targeted advertising across multiple Apple apps, enhancing monetization opportunities while providing businesses with new marketing channels. The initiative underscores Apple's focus on growing its services ecosystem and diversifying its revenue streams in the tech industry.

Key Takeaways

Apple is moving forward with plans to roll out advertising on its Maps platform, appearing on devices like iPhones and the web version of the app as early as this summer.

Bloomberg first reported on Apple's plans last October, and now Apple has confirmed it's a reality and part of a new platform called Apple Business, launching April 14, offering advertising opportunities across not only Maps but also Mail, Wallet and Siri.

The advertising system, as far as Maps goes, would work similarly to Google Maps advertising. Slots would be available for brands or businesses to purchase and would be tied to search results in Maps.

The Business platform that Apple is launching will be available in more than 200 countries and regions, according to the company.

Ads in Maps will initially only roll out in the US and Canada this summer.

The move is part of a larger plan to keep growing Apple's services business, which includes subscriptions like Apple TV Plus, as well as Apple News, iCloud and the App Store. While Apple's advertising business is a smart part of the company's revenue, services now account for a quarter of Apple's annual sales, reportedly more than $100 billion a year, according to a Bloomberg update.

Apple Business will also include options for companies to buy upgraded iCloud storage and AppleCare Plus for Business; there will also be a dedicated Business app that lets companies manage Apple accounts and devices and assign apps and roles within an organization.