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, 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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