“It’s impossible to discuss the music streaming industry without mentioning Apple Music,” Shirley Pelts writes for Market Realist. Apple Music, which launched last year, has made an impressive debut in the music streaming industry, raking in around 10 million subscribers in the six months after its debut.””
“One of its competitors, Spotify, took six years to hit the 10 million mark,” Pelts writes. “Apple Music is also offering some tough competition to Internet radio players like Pandora Media.”
“Early this year, top Apple executives Eddy Cue and Craig Federighi stated that Apple Music has more than 11 million paying subscribers. It has recorded monthly growth of 10% over its 10 million subscribers at the end of December 2015,” Pelts writes. “Apple Music is far more likely to succeed in the music streaming market than its competitors.”
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MacDailyNews Take: Watch out, Spotify, here comes Apple Music!