Can Amazon Beat Apple and Spotify in High-Def Music Streaming?

In its quest to load more and more industries into its worldwide monopoly of retail, Amazon.com (NASDAQ: AMZN) announced last month that it will launch Amazon Music HD, which will stream more than 50 million songs in high definition "and millions of songs in Ultra HD." 

Amazon is calling this the "highest quality streaming audio available," and it's laying a framework for a smooth transition for Prime customers to become Amazon Music customers, or to upgrade their memberships. The internet giant is offering the service for a monthly fee of $12.99 for Prime subscribers and $14.99 for non-Prime subscribers.

While there are several players in the music streaming market, the two biggest are Apple (NASDAQ: AAPL) and Spotify (NYSE: SPOT). Spotify has over 100 million premium subscribers, and Apple reportedly has more than 50 million, although its last official report was in May 2018. Amazon has 32 million subscribers, a perfect spot to from which to pounce.

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Source Fool.com