Apple announces the closing gap to Spotify while acknowledging future streaming services.
While Apple’s iPhone business didn’t end 2018 on a high note, iTunes and Apple Music are growing at a good clip according to Apple CEO Tim Cook.
During the company’s first earning call of 2019, Cook made the announcement that Apple Music had crossed the 50 million subscriber mark at the tail-end of last year and the services side of the business – which includes Apple Pay, Apple Music, Apple News and the 30,000 subscription-based apps on the App Store – is up 40% year-over-year.
At last check, Spotify, the world’s largest dedicated music streaming service, only had around 70 million paying subscribers but was still leading the pack.
