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Overall, midia estimated that by the end of the fourth quarter of 2024, apple music had 94.9 million subscribers compared to spotify’s 263 million. With a catalog of 100 million songs, 30,000+ playlists, and market share second only to spotify (30.7%), apple music has become a central pillar in the global streaming economy. There's a recurring theme from industry watchers, repeated on friday, that apple music is doomed, if apple doesn't copy spotify's business model
The core premise is nonsense, and the reasoning. The company popularized podcasts nearly 20 years ago when steve jobs introduced the format to itunes, but apple podcasts is now ceding market share to youtube and spotify, relatively newer. Apple music's growth may be stymied by the lack of a free tier as a funnel
On a weekly level, 43% of consumers used spotify and 16% turned to apple + discussion
Apple music challenges spotify’s audio streaming dominance with a new strategy Apple revolutionized how the world listens to music on the go with the launch of the ipod more than 20 years. Apple music and spotify are two of the most popular streaming services, but which one should you pick as your main music source After thoroughly testing both, i'm here to help you decide.
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