Spotify hits subscriber targets in race with Apple Music

LONDON (Reuters) - Music streaming leader Spotify's paid subscribers rose 10 percent in the second quarter, it said on Thursday, as it races to stay ahead of mounting competition from Apple Music, especially in the U.S.

market.Monthly paying subscribers, which account for the bulk of Spotify's revenue, rose to 83 million at the end of June from 75 million in the first three months of 2018 and more than double Apple's last-reported 40 million paid users.The figure, reported in just the second financial report since the Swedish company's April.....

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