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,
Amazon.com, 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.
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