Apple Music gets to 10 million subscribers in 6 months, when it took 6 years for Spotify
Justin Sullivan/Getty Images
Apple Music's rapid growth is pretty impressive, considering its rival Spotify took six years to surpass the 10 million threshold, the report said.
Apple Music made its debut in June 2015, launching in more than 100 countries. In October, Apple CEO Tim Cook said it had 6.5 million paid users, and an additional 8.5 million using the free trial.
Spotify, valued at roughly $8 billion, is the clear leader in the music streaming app market. It hit 10 million subscribers in 2014, and said it had 20 million paid members as of June 2015.
Mark Mulligan, a respected music business analyst, recently forecast that Apple Music will get to 20 million subscribers by the end of 2016. That won't put it ahead of Spotify, but make it a clear number two in the music streaming business in just a little over a year.
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore