Apple announced today that it now has 38 million paying subscribers for its streaming music app, Apple Music. That is a pick up of 2 million new subscribers, or 5.6% since February. The leading streaming music provider remains Spotify, which has 71 million paid customers for its premium service. Apple’s senior vice president of internet software and services, Eddy Cue, passed along the latest stats at the annual
in August with Apple joining the club a week later. Here is a quick update on the “Race to One Trillion.” Apple set an all-time high today with a 1% gain to $181.72. The company is the first to achieve a valuation over $900 billion. According to Yahoo Finance, Apple is now worth $922 billion, leaving it $78 billion, or 8.5% shy of $1 trillion. Apple needs another push of $15.44 to $197.16 to make more history. While Google parent Alphabet is actually the second largest company in the U. S. with a market cap (shares outstanding multiplied by stock price) of $810 billion, its rise has been slower than Amazon’s which is why analysts have not included Alphabet in this race. Amazon is currently valued at $774 billion. Microsoft is next at $745 billion.source: Reuters
