Last month, Spotify launched over 300,000 audiobooks, a new feature that puts the organization in direct competition with top audiobook providers Audible, Audiobooks, Google and Nook, among others.

| Spotify launched Audible, Audiobooks on Sep 6th 22'. She takes over for Lydia Polgreen, who left Spotify this spring to rejoin the New York Times as an opinion columnist.

| Lydia Polgreen leaves Spotify as opinion columnist However incredible as it is possible that Spotify delivered an Apple Watch application, it has a couple of significant weaknesses that you ought to know about. | Spotify launched Apple Watch application on Nov 1st 20'. | Appleosophy identified as competitor of SpotifyĪpple Music is a music streaming service to compete with the likes of Spotify, Tidal, and other services. We are very proud that Spotify is partnering with Amsterdam Dance Event (ADE).

It's doubtful that Apple will just ignore this move.Spotify partners with Amsterdam Dance Event Spotify is only letting users purchase audiobooks from a web browser. This circumvents Apple's hefty take rate for purchases made from within an iOS app. Speaking of audiobook downloads, we can't forget about Apple. But it will still be interesting to see how Amazon responds. Spotify's audiobooks are purchased individually, so this may attract different sets of users. However, it also creates new competitive challenges against top technology companies, including Amazon and Apple.įor Amazon, it offers an audiobook subscription service, and its Audible platform dominates the market. Therefore, this does provide the company with a new growth opportunity. Management is excited because the audiobook industry is growing 20% annually. Looking ahead to how it can gain and retain new users, Spotify launched audiobooks in the U.S. All of this said, it seems like Spotify stock was down in September mostly because the market had a rough month.

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