09-05-2016 20:41 via financialexpress.com

Spotify says growth has quickened since rival Apple Music’s launch

Music streaming service Spotify has seen a faster pace of growth since the launch in June last year of rival Apple Music, a top executive said on Monday.
Spotify, which was created in Stockholm 10 years ago, now boasts of having close to 100 million users in more than 59 markets, despite increasing competition and, so far, a lack of profits.
“It’s great that Apple is in the game. They are definitely raising the profile of streaming. It is hard to build an industry on your own,”
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