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# Apple Music Will Grow 40% Annually, Faster Than Spotify, says Top Analyst
- URL: https://www.hypebot.com/apple-music-will-grow-40-annually-faster-than-spotify-says-top-analyst/
- Published: 2018-04-18T11:59:00.000Z
- Updated: 2018-04-18T11:59:00.000Z
- Description: Apple Music is growing far faster than Spotify, according to a new analysis. If this growth rate continues, Apple could pass Spotify for paid subscribers, particualrly in the US, sometime. Continue reading [https://www.hypebot.com/hypebot/2018/04/apple-music-will-grow-40-annually-faster-than-spotif
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 10:05

[![Apple music cards](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2ec1c41970c-200wi "Apple music cards")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2ec1c41970c-popup?ref=hypebot.com)Apple Music is growing far faster than Spotify, according to a new analysis. If this growth rate continues, Apple could pass Spotify for paid subscribers, particualrly in the US, sometime this year.

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[![Apple-music-gift-card](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2ec1cc0970c-400wi "Apple-music-gift-card")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2ec1cc0970c-popup?ref=hypebot.com)

A recently leaked internal memo revealed that Apple Music now has 40 million subscribers, up 2 million from 38 million just two months earlier. That's led a leading analyst to predict 40% annual growth for Apple's music streaming service. The [*WSJ*](https://www.wsj.com/articles/apple-faces-the-music-1524043801?mod=rss%5FTechnology&ref=hypebot.com) reports:Ben Schachter of Macquarie Capital estimates that Apple Music will average 40% annual growth over the next three years, making it the fastest-growing part of the company’s services segment. Apple is expected to report total service revenue of $8.3 billion for the fiscal second quarter being reported on May 1—up 18% on year.**Expect increased competition between Apple Music and Spotify** with new features, discounts and more exclusives. All should be on full display during a [major Spotify press event](https://www.hypebot.com/hypebot/2018/04/spotify-details-revealed-ahead-.html) scheduled for next week and its [first quarterly earnings report](https://www.hypebot.com/hypebot/2018/04/spotify-nysespot-to-report-q1-results-may-2-.html) the following week.

**MORE: [Spotify To Announce Major Mobile Updates Next Week](https://www.hypebot.com/hypebot/2018/04/spotify-details-revealed-ahead-.html)**