Wednesday, January 22, 2020

Music Streaming: Spotify (Huge); Then Apple And Amazon -- January 22, 2020

Moments ago I posted a note about Apple (AAPL). Immediately after posting that note, this popped up, at multiple sites. This one from Reuters:
  • Amazon Music crosses 55-million subscribers globally, trails Apple Music;
  • but edges close to Apple Music 
  • far behind Swedish rival Spotify
  • world's largest music streaming service
  • Apple: 60 million subscribers, per Apple, June, 2019; 
  • Amazon Music Unlimited: $9.99/month for those without a Prime subscription
  • Apple: $9.99/month
  • Spotify: 140 million users on its free tier
  • elsewhere, Spotify, 248 million users globally; 113 million of them paying;
This is what wrote Barrons/Bhansale wrote in the link above about Apple and Spotify:
For its pivot to services, iPhone sales matter. And in the bulk of the services, they are competing against well-endowed companies—Spotify on music and Netflix,, and Disney on content. They neither have content nor a first-mover advantage. The fact that they are spending $6 billion to build a content library to keep [their] consumer tells me how difficult the core business is. Think about [Apple] as a blue chip of yesterday, as opposed to a blue chip of tomorrow—the worst kind of investment because all the good news is priced into the stock, while the bad news is not.
Disclaimer: this is not an investment site.  Do not make any investment, financial, career, travel, job, or relationship decisions based on what you read here or think you may have read here. 

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