Fresh Apple Music stats, just in time for Spotify’s IPO

Man bites dog: Apple Music had a better Weeknd (repeat Weeknd) than Spotify. UPDATE: Or not.

From Apple PR, via The Verge:

The Weeknd’s latest project, My Dear Melancholy, pulled in over 26 million streams in its first 24 hours on Apple Music, with the lead song “Call Out My Name” pulling in 6 million of those streams, the company tells The Verge. That in itself isn’t a record, but Apple Music’s numbers did beat out the single’s performance on Spotify, which pulled in nearly 3.5 million streams in the same period — the largest debut of 2018 on the service — according to Republic Records.

To be clear: Spotify has over 120 million more users, had two exclusive music videos from the EP, and it was where The Weeknd pointed his fans to stream the album on social media. And this isn’t an anomaly either: this is the third time Apple Music has outperformed Spotify on a major release in the past 13 months.

My take: Nevertheless, Spotify opened today with a value of $29.5 billion, the third largest U.S.-listed IPO after Alibaba and Facebook.

UPDATE: Spotify claims it actually had a better Weeknd than Apple Music. Counting is very, very hard.

2 Comments

  1. Michael Thompson said:
    Spotify loses a lot of money. The more subscribers that they’ve added, the more money that they’ve lost. Sounds like a Tesla-like business model. Tesla will be eventually be priced at $0.0.

    The question for Apple regarding Apple Music is: Is Apple Music a sticky ecosystem thing or is it a direct money maker. I cannot argue with Tim Cook and management over business strategy and execution. I wish that Tim more effectively defended the company from the Paid Media Liars, Paid Analyst Liars and disinformation campaigns from foreign media (Nikkei Asian Review, Digitimes, etc).

    0
    April 4, 2018
    • Gregg Thurman said:
      Defending Apple from liars, foreign and domestic, is a full time job with limited upside.

      0
      April 5, 2018

Leave a Reply