Apple has long been releasing random updates on its Apple Music subscriber count. It appears that the Cupertino technology giant went on to decide between continuing with the update this week as well. According to the latest online report, the Cupertino technology giant made a new statement on Wednesday, wherein they said that its subscriber count for Apple Music had gone on to surpass 40 million. According to a note by Variety, the figure is enormous as it is half of what Spotify is estimated at, i.e., 73 million to 76 million paid subscribers. It appears that the company is growing at an incredibly rapid pace and there is no stopping it from overtaking Spotify if it continues at it at this pace.
Apple continues to generate as time passes by as such. Not only has the service been able to overgrow but it has achieved the deed at an accelerating pace. As far as its update that came about on Wednesday is concerned, the Cupertino technology giant went on to add 2 million subscribers in just 30 days of time. The figure goes on to beat five weeks that they took to grow from 36 million to 38 million subscribers. The company also went on to give a rare update earlier on Wednesday. They went on to mention a total number of subscribers that are linked to the service on a one-month free trial.
If we add the free subscribers, then Apple’s current number stands at somewhere 48 million. “Since Spotify includes users on free trials with credit cards attached to their accounts when reporting its premium subscribers, the 48 million subscriber number is a better comparison to Spotify’s premium subscribers,” an online report suggests. “Spotify’s 73 million to 76 million premium subscriber number, therefore, isn’t too far ahead of Apple’s count,” the report further adds. The same story goes on to note that the growth that Spotify has showcased is underwhelming, to say the least. It is bad news specifically for investors as Apple Music seems to be growing faster than ever before. Even though one cannot still compare Spotify and Apple Music – the latter is undoubtedly a fierce competition for the former.
As far as investors are concerned, Apple Music’s speedy progress is undoubtedly good news for them. The service goes on to demonstrate how the company can go on to launch and thereby foster numerous other successful services as well. The company represents an impression of being capable enough of capitalizing when it comes to its growing base of active devices. According to a note by Variety, the figure is enormous as it is half of what Spotify is estimated at, i.e., 73 million to 76 million paid subscribers. It appears that the company is growing at an incredibly rapid pace and there is no stopping it from overtaking Spotify if it continues at it at this pace.
As can be recalled, Apple’s first quarter of the fiscal year 2018 was unexpected. The company went on to scour a revenue of $8.5 billion. Even though the Cupertino technology giant ended up witnessing a surge from $7.2 billion to $8.5 billion, it wasn’t enough as it did not meet the set goals of Apple. The same reason why the said figure took place was that its flagship smartphone did not end up achieving the same kind of revenue as they went on to expect. Therefore, they did not meet the expected mark. Since the company is actively working toward realizing the Apple Music service goals, it seems like they will achieve it soon enough.