Apple Music Has Just Raised Its Prices. See What It Means For Spotify
Rival audio streaming company Spotify (SPOT -3.17%) saw its stock jump 5% on the news, likely as investors grew more bullish on the Swedish music industry pioneer’s competitive position. That’s why an Apple Music price hike should be good news for Spotify’s going forward business. Price hikes give Spotify breathing space The standard Apple Music subscription now costs $10.99 per month. Spotify currently charges $9.99 per month in the United States, the same price it launched more than 10 years ago....