The market for paid music streaming in the U.S. continues to grow, thanks in large part to Apple (NASDAQ: AAPL) and Spotify (NYSE: SPOT). Apple was able to recently become the top dog in the U.S., wrestling the title away from its Swedish rival. While Apple CEO Tim Cook has tried to reframe the narrative around the overall market growing, investors are still keenly interested in how the two companies are faring against each other.Apple is converting users to paying subscribers at a much faster rate than Spotify, according to longtime Apple analyst Gene Munster.Image source: Apple.Continue reading
Gene Munster: Apple Converts Paying Music Customers Far Better Than Spotify Does
newsfeedback@fool.com (Evan Niu, CFA), The Motley Fool
Tue, 09/25/2018 - 4:11pm
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