Apple also charges Spotify, like other users of its App Store, a hefty 30% of what they make through it. Globally, Apple grew 2.4%-2.8% compared to Spotify’s 2%-2.3% for 50 million paid subscribers, well behind Spotify’s 207 million.Īpple’s advantage is of course in its large installed base, which allowed it to make the service available to billions at a single push.Īnd that isn’t all. As a result, its monthly subscribers reached 28 million, ahead of Spotify’s 26 million, according to WSJ and Reuters citing unidentified sources.
now exceed that of Spotify, mainly because of its consistently higher growth rates month upon month.Īpple grew at 2.6%-3% a month, ahead of Spotify’s 1.5%-2% in the U.S. These and other important stories are detailed below-Īpple Music’s paid monthly subscriptions in the U.S. It also slashed HomePod prices, announced new products and hired key people. Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position CloseĪpple (NASDAQ: AAPL) hit some important milestones last week, including moving ahead of Spotify (NYSE: SPOT) in U.S.
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