How Apple Music Is Gaining Traction in the Streaming Space
According to Gene Munster from Loup Ventures, Apple Music (AAPL) is converting potential customers into paying customers at a much faster rate than Spotify (SPOT). Apple CEO Tim Cook has claimed that Apple Music has overtaken Spotify in the North American market in terms of subscribers. Apple Music now has 21 million subscribers compared to 20 million for Spotify in North America.