Apple Music hits 13 million subscribersMay 2, 2016 - 12:29 AMT PanARMENIAN.Net - Apple Music has 13 million subscribers, CEO Tim Cook said, a disclosure that comes a month after chief rival Spotify said it has surpassed 30 million paying members, TheWrap reports. The latest Apple stat means the $9.99-a-month subscription music service has gained 2 million members since February. Cook made the announcement during a conference call to discuss the company’s fiscal second quarter results. Apple was slow to jump into the burgeoning market for streaming tunes, after it has spent the last decade-and-a-half dominating the digital download market. But as streaming became the music industry’s most significant area of growth, Apple was forced to come off the sidelines, even if it meant sacrificing iTunes sales. Apple’s delay allowed a smaller rival to get a big head start. Spotify, a private Swedish company, said a year ago that it had more than 75 million active listeners, which includes people who use Spotify free by sitting through ads. Apple’s performance in new businesses, like music streaming, is growing in importance as sales of its all-important iPhone slow. Earlier, the company reported its first quarterly drop in sales in 13 years, as it sold 16 percent fewer iPhones than it did a year earlier. Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. |