IF Apple Music is not profitable in long term as well, why they should subsidise it from App store or hardware profits? How long they will keep unprofitable business side? IF it is losing money. I personally don't care about platforms, where I get music, I use Spotify just because I got it before Apple Music. If it goes down, I will use Apple Music instead. If that dies, I will use whatever will replace it. Not to mention, I don't personally know not even one person using AM, (coming from Europe).
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Spotify Reaches 113 Million Paying Subscribers, Says It's Growing Twice as Fast as Apple Music
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IF Apple Music is not profitable in long term as well, why they should subsidise it from App store or hardware profits? How long they will keep unprofitable business side? IF it is losing money. I personally don't care about platforms, where I get music, I use Spotify just because I got it before Apple Music. If it goes down, I will use Apple Music instead. If that dies, I will use whatever will replace it. Not to mention, I don't personally know not even one person using AM, (coming from Europe).
Crazy to think Apple is suing third party repairers while growing and turning a profit.
The exact reason why I signed up for the trial last night. I can make better use of Spotify because my car has a app. It absolutely does a better job at playing stuff I like. I really only use AM for beats 1( Specifically for Abstract Radio) and ESPN radio. If that stuff remains free i don’t think I’m coming back to pay anytime soon
Good for Spotify. Even though I just cancelled my subscription to see if Apple Music has gotten better (it has since I last tried it last year). Although I don't think AM has improved enough for me to keep it on a monthly basis. So I'll probably go back to Spotify.
I love how Spotify crafted the announcement!
"Spotify today announced that its streaming music service has reached 113 million paying subscribers as of September 30, up from 108 million as of June 30."
OK...that's 5 million subscribers over a three month period. Or, a gain of 4.6% over that three month period.
Then they say: "We continue to feel very good about our competitive position in the market. Relative to Apple, the publicly available data shows that we are adding roughly twice as many subscribers per month as they are." Ohhh, twice as many subscribers? That sounds awful for Apple.
However, that would suggest Apple grew 2.5 million subscribers over the same period.
So for Apple that would be 2.5 million subscribers over three months, starting with 60 million subscribers June 30th. Or, a gain of of 4.2% over that same three month period.
Not as good as Spotify, but certainly the sky isn't falling for Apple. Clever how Spotify mixes absolute numbers with growth rate over Apple.
"Spotify today announced that its streaming music service has reached 113 million paying subscribers as of September 30, up from 108 million as of June 30."
OK...that's 5 million subscribers over a three month period. Or, a gain of 4.6% over that three month period.
Then they say: "We continue to feel very good about our competitive position in the market. Relative to Apple, the publicly available data shows that we are adding roughly twice as many subscribers per month as they are." Ohhh, twice as many subscribers? That sounds awful for Apple.
However, that would suggest Apple grew 2.5 million subscribers over the same period.
So for Apple that would be 2.5 million subscribers over three months, starting with 60 million subscribers June 30th. Or, a gain of of 4.2% over that same three month period.
Not as good as Spotify, but certainly the sky isn't falling for Apple. Clever how Spotify mixes absolute numbers with growth rate over Apple.
“Hey Siri, play my discover weekly playlist with Spotify in the Family Room” - no go.
Works on Amazon Alexa and Google Assistant (I have both). I can’t get it to work with Siri - only the local device plays.
That's like a grocery store that buys products from other grocery stores and resells them. How can that bring better pricing?
Streaming services need to buy from wholesale sources ... and direct from artists.
Today's services are less about the songs, and more about the larger experience.... figuring out the *next* best song to play.
So they have 100% more paying customer, they pay less to authors and yet they are not making any money at all. I wonder what are they doing wrong.
You've correctly named the device as "Family Room"?
I can ask my phone to start a movie in Netflix on the Living Room TV. That amazed me. The TV turns on, switches inputs if needed, and the movie starts.
Even though I'd like to sign up for the service, I stuck with Google Music for the family which comes with free Youtube Red. I'm also getting free AM via VZW.
Apples and oranges but good on you for changing the subject.
Steve was right that nobody wants to rent music. Spotify and Apple Music are doomed to fail in the long term.
They just reported a profit of €241 million ($267.5 million), or €0.36 a share. Analysts were expecting a loss of €0.24 a share.
See for yourself = https://investors.spotify.com/finan...l-Results-for-Third-Quarter-2019/default.aspx
Remember, they have to pay Apple. That should explain part of it. Another part is, AM is probably not profitable either.
here here. The reasons why I’m staying with Apple music are integration with my old iPod library and the fact that I still love to BUY music.
No, they announced an net income of $267.5 million. Operating profit was $59.9 million. Better than a loss, definitely.
https://www.billboard.com/articles/...ify-q3-2019-financials-revenue-paid-users-cfo
Then you probably shouldn't have music. If a musician doesn't see some fruit of their labors, they likely aren't going to continue. Why struggle to record and produce something if there's not enough of an audience to even afford a bologna sandwich?
“Competition is good”
yet a couple of years ago:
“WHY ARE SOME OF THESE ALBUMS EXCLUSIVE TO (PLATFORM)!?”
yet a couple of years ago:
“WHY ARE SOME OF THESE ALBUMS EXCLUSIVE TO (PLATFORM)!?”
Good, hopefully they can keep it going.
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Yes. Subscribers don’t always equal profit, but it was just announced that they had a good quarter so hopefully that continues for them.
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Good to hear, I didn’t see the quarterly results. I don’t know about the streaming royalties as I had heard differently over the years, but I’ll trust ya on that.
As it stands, I really don't like Apple Music. Many reasons!
I have around 15 Apple devices ranging from iPhones, a Mac Pro, an iMac, a Macbook Pro, an iPad and many more around the household. I'm an all-out "Apple guy" (coming from Windows ten years ago). Just subscribed to the free 3 months trial subscription to Apple Music. Used it for 3-4 days. Really wanted to like it. But went to back to Spotify very quickly. The worst about AM is its absolute dependence on AirPlay if I want to use my iPhone to send music to the main stereo in the living room. Spotify Connect is just superior in that my receiver/streaming device takes over the direct streaming, and I can keep using my iPhone for other purposes not having to worry about its distance to the router, battery draining or receiving a phone call (!) and other stuff.
Other than that: Spotify is much better at understanding my genre preferences. Their playlists are way better. The interface is, in my opinion, also better. However, I do worry about Spotify's relatively low pay-out to artists! That's one of the reasons I wanted to really give AM a chance. Well, I guess I'll give it a go once more in a couple of years to see how things have evolved.
I have around 15 Apple devices ranging from iPhones, a Mac Pro, an iMac, a Macbook Pro, an iPad and many more around the household. I'm an all-out "Apple guy" (coming from Windows ten years ago). Just subscribed to the free 3 months trial subscription to Apple Music. Used it for 3-4 days. Really wanted to like it. But went to back to Spotify very quickly. The worst about AM is its absolute dependence on AirPlay if I want to use my iPhone to send music to the main stereo in the living room. Spotify Connect is just superior in that my receiver/streaming device takes over the direct streaming, and I can keep using my iPhone for other purposes not having to worry about its distance to the router, battery draining or receiving a phone call (!) and other stuff.
Other than that: Spotify is much better at understanding my genre preferences. Their playlists are way better. The interface is, in my opinion, also better. However, I do worry about Spotify's relatively low pay-out to artists! That's one of the reasons I wanted to really give AM a chance. Well, I guess I'll give it a go once more in a couple of years to see how things have evolved.
DNichter stated that Spotify doesn't make any money. I stated that Spotify had net income of $267.5 million for the quarter.
Net income = net profit from entire business
