Spotify Turns to Emerging Markets for Growth [The Motley Fool]
Apple Inc. (AAPL)
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Source: The Motley Fool
The Swedish music-streaming company just launched its service in the Middle East and North Africa. Evan Niu, CFA ( TMFNewCow ) Nov 13, 2018 at 7:34PM While still growing, the paid music-streaming market in the U.S. is maturing. The RIAA estimates that paid subscriptions in the U.S. generated $2.5 billion in revenue in the first half of 2018, and that there was an average of 46.4 million paid subscriptions during that period. Apple recently overtook Spotify ( NYSE:SPOT ) as the dominant service in the U.S., even as Spotify has the largest paid subscriber base worldwide at 87 million. The Swedish company is now increasingly looking to emerging markets for growth. Image source: Spotify. Launching in the Middle East and North Africa Spotify has just launched its music-streaming service in the Middle East and North Africa, adding 13 new ma
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