The comparisons between Apple Music and Spotify are endless and everyone has the goal of choosing one as their favorite. However, in general view and supported by numbers, Apple Music is growing faster than Sotify and as a result, earn more money.
These music playback apps have positioned themselves as a favorite for music lovers and podcast in the case of Sotify. And in a race where only one can start it, they both do the same with customization options that can add more fans who are willing to sign up every month, internally an industry where paid subscriptions grew 32% year-on-year
Apple Music makes more money than Spotify
According to data from a survey conducted by Counterpoint analyst, Apple Music subscriber base grew 36% in 2019, giving Apple a 19% share of total paid subscriptions in the industry. While Spotify took 35% of all paid subscriptions.
According to analysts' conclusions, enhancements to the Apple Music experience continue driving subscriptions, while Sotify's focus is special content and increased offerings help your growth among those who love you.
Within the same press release, there was also an emphasis on the growth of the industry as a whole and the possibility that major tech giants like Amazon and Google have begun to focus on streaming music with more opportunities to deal with two major competitors. In 2019, Amazon Music has reached a 15% market share for the first time, compared to 10% in 2018.
In addition, it he hopes that by 2020 the selection of these types of applications will continue to grow, at least 25%, which will result in a total subscription of over 450 million users.