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	by pertsix 2997 days ago
	Most of these users are converting from their shrinking iTunes business.

1 comments

So what’s your point? Apple Music is still overtaking Spotify this year. And just like iTunes, they don’t need to make much money on it.

Only in the US, Spotify is huge in Europe and other parts of the world, where Apple Music is basically unknown.

Spotify is actually small in the world. All music service subscribers combined are a mere ~110 million.

Eddy Cue recent pegged the market opportunity at 2 billion.[1]

And Apple Music ramping the fastest.[2]

Comparing Spotify to other streaming services, obviously.

Apple music is basically a no-show in Europe and Asia.

And those numbers are only paid subs. Spotify has a ton of free, ad-listening users.