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Spotify is growing faster than Apple's Music

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Published on Oct 28, 2019

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Spotify is growing faster than Apple's Music

Spotify announced today that its music streaming service has reached to 113 million paying subscribers at September 30, compared to 108 million as at 30 June. The monthly number of active users of the music streaming service has increased to 248 million, including users who listen to his free advertising supported level.

In a letter to shareholders, Spotify says that the data available to the public indicate that it is adding approximately double the number of subscribers per month compared to Apple's Music.

We continue to feel very confident about our competitive position in the market. Compared to Apple, the publicly available data show that we are adding approximately double the number of subscribers per month.

It was reported in June this year that Apple's Music has reached 60 million subscribers. While that number has undoubtedly grown, it seems that, at least according to Spotify, Apple's Music fails to keep pace with the giant music streaming.

 

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