“Apple Music is adding subscriber accounts in the U.S. at a higher rate than Spotify, and is on track to pass the No. 1 streaming service this summer, according to people in the record business familiar with figures reported by the two services,” Anne Steele reports for The Wall Street Journal. “To be sure, Spotify is larger globally and continues to grow slightly faster. But that the No. 2 streaming service is quietly gaining ground in the largest music-subscription market in the world signals Spotify now has significant competition.”

“Apple’s subscriber-account base in the U.S. has been growing about 5% monthly, versus Spotify’s 2% clip, according to the people familiar with the numbers,” Steele reports. “Assuming those growth rates continue, Apple will overtake Spotify in accounts this summer.”

Spotify “has periodically released global subscriber totals and just last month touted a new high of 70 million,” Steele reports. “Apple Music told The Wall Street Journal it now has 36 million, up from the 30 million it last reported in September.”

“By one standard, Apple Music has already passed Spotify. Including people who are still in free or deeply discounted trial periods leading up to paid subscription, Apple Music has a slight edge on Spotify in the U.S., according to one of the people familiar with the figures,” Steele reports. “Apple Music has three to four times the number of such trial users as Spotify, according to this person, in part because it doesn’t offer a free tier.”

“Launched in 2008, Spotify lets users listen to a library of more than 30 million songs on demand,” Steele reports. “Apple Music, introduced in June 2015, allows users to stream from a catalog of 45 million songs or play from their own iTunes library. Spotify is available in 61 territories, including the U.S. Apple Music is available in 115.”

Read more in the full article here.

MacDailyNews Take: Oh ok.

Tick-tock, Spotify.

Spotify is a poor man’s Apple Music. The demographics in this race, as ever, greatly favor Apple in the long run. — MacDailyNews, January 3, 2018

SEE ALSO:
Apple Music and Spotify now account for the majority of music consumption in the UK – January 3, 2018
Spotify files for its IPO – January 3, 2018
Spotify hit with $1.6 billion lawsuit from music publisher – January 2, 2018
Watch out Spotify and Apple Music, here comes Amazon – December 18, 2017
Spotify leads call for investigation into ‘troubling’ Apple and Google app store practices – May 5, 2017
Apple Music passes Pandora and Spotify in mobile usage – March 29, 2017
Spotify hits 50 million paid subscribers – March 3, 2017
Apple Music surpasses 20 million paid members 17 months after launch – December 6, 2016
Oh ok, Spotify listeners are upgrading to Apple Music – July 19, 2015
Spotify CEO claims to be ‘ok’ with Apple Music – June 9, 2015

[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]