04-09-2020 19:13 via feedproxy.google.com

Analyst: Apple Music growing 2.5 times faster than Spotify

Apple’s five-year-old subscription music streaming service, Apple Music, already No.1 in America, the No.1 music market, is gaining on fifteen-year-old Spotify which continues to cling to its lead worldwide, Apple analyst Gene Munster said Friday.
Apple Music
Gene Munster for Loup Ventures:Adjusting for addressable market (we estimate more than 95% of Apple Music subscribers are on iOS), our estimates indicate that Apple is converting potential customers into paying customers at a rate 2.5
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