Very true.
I should clarify by saying that streaming music was once Spotify's only revenue source. So it was actually hurting them every time someone streamed a song. Spotify had difficulty turning a profit because the music licensing was costing them more that people were paying in subscription fees or in the money they made in advertising.
And that's why Spotify started to diversify into other ventures... like podcasts.
On the other hand... Apple has always multiple revenue sources... hardware, software, services, etc.
In short... Apple Music is one of Apple's "side gigs"
While streaming music was pretty much Spotify's whole deal... until they started getting into podcasts.
If AM is such a side gig for apple then why bother competing with Spotify to begin with? This board always brings up Spotify’s financial position when they announce a new feature or product. Instead of only fucusing on that, more scrutiny needs to be given to apple for their lack of major shortcomings in the streaming space.
As I stated earlier, it’s embarrassing Spotify is kicking Apple’s ass with their podcast strategy.