Counterpoint: Apple Music Hits 68 Million Paid Subscribers
It's been nearly a year since Apple (NASDAQ: AAPL) services chief Eddy Cue said Apple Music had reached 60 million subscribers. The company doesn't regularly disclose Apple Music subscriptions, instead only giving investors updates when it reaches certain milestones. In contrast, rival Spotify (NYSE: SPOT) reports user metrics every quarter because music streaming is its core business. The Swedish company finished 2019 with 124 million paid subscribers.
Recent estimates from Counterpoint Research peg Apple Music's subscriber base at the end of 2019 at around 68 million.
Image source: Apple.
Source Fool.com