Thursday, April 28, 2016

Apple Music Up To 13 Million Subscribers

Apple Music 13 Million Subscribers imageIt looks like all the naysayers were wrong. Apple reported on its recent earnings call that its Apple Music streaming service was now up to 13 million paid subscribers and still growing.

Much of that growth has come recently in fact, as it was reported that 2 million subscribers signed up since February alone.

The present growth looks to be at around 1 million a month, which means that the tech giant should be battling Spotify for the top space in the streaming industry by the end of year.

Spotify claims to have 20 million current subscribers, but many are on a "student discount" tier at half the $9.99 monthly price.

One advantage that Apple Music has over Spotify is that it's available in 58 more countries than Spotify, including Russia, China and Japan. All in all, the service is available in a total of 113 countries, leaving Spotify to play catch-up.

One reason for AM's growth spurt has been albums from Drake, Coldplay, The 1975 and Gwen Stefani, where were releases to AM for a period before Spotify. Having an advert with Taylor Swift was also a big help.

Despite the recent hype around Tidal, it's Apple Music that seems to be making the most headway.

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