Since Apple's streaming music service, Apple Music, the streaming music platform came to market has been reduced to just two options: Spotify and Apple Music at least globally, since they are the two services with the highest number of subscribers today.
Now that Spotify is listed on the New York Stock Exchange, the Swedish company has the obligation to inform its shareholders every three months of how the company's accounts are going and, in particular, the number of subscribers, a number of subscribers that it has reached the figure of 75 million. As expected, the number of free users has also increased.
Today, Spotify has 99 million users of the free version, So if we add both services, the total number of users who make use of Spotify is 174 million dollars. The second streaming music service with the largest number of users, Apple Music, has 40 million subscribers, all of them paid as it does not offer a free mode with ads like Spotify, in addition to having 8 million users who make use of the Three-month free trial period offered by Apple for those who have not tried it yet.
In these last three months, the company has also achieved reduce losses, going from the 139 million dollars in losses that it announced three months ago to 41 million users. The best forecasts of the company bet that the number of subscribers will approach, by very little, the 95 million registered users, a figure that could be approached but not exceeded if the adoption figures of new subscribers continue to be maintained as up to now.