Apple Music is gaining steam, but it can't catch Spotify (AAPL)

Apple Music just hit a milestone. On Wednesday, the iPhone maker announced that its music streaming service hit the 20 million paid subscriber mark. For an app that launched 18 months ago and has no full free tier, that’s pretty good!

However, as this chart from Statista shows, Apple Music’s most formidable competitor, Spotify, has kept growing right alongside it. Though Spotify did get a seven-year and 20 million subscriber head start on Apple’s service, it’s doubled its paid user base in the same time frame.

If anything, Spotify might be growing faster than Apple Music, since that 40 million number was announced in September.

Still, even if Apple can’t catch Spotify just yet, it can at least take solace in the fact that it’s way ahead of every other competitor. More and more, the music streaming world is becoming a two-horse race.

See Also:

SEE ALSO: Samsung’s share of the high-end smartphone market may be starting to slip

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.