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Spotify falls after Apple launches new Apple One package

On Tuesday, Apple unveiled the Apple One, the ultimate collection of Apple services at a low monthly price. As usual, Spotify is not happy.

Apple One packs up to six great Apple services in a single subscription. Get a plan that works for you – or for the whole family. And all members have private access to each service, across all their devices.

Apple One is planning
Apple One is planning


Shares of Spotify Technology SA fell as much as 7% on Wednesday, after Apple Inc announced an overall plan for all its services that lowered the cost of Apple Music subscriptions.

The Swedish company, whose 138 million paying subscribers dwarfed Apple Music and Amazon Music, struck at the iPhone manufacturer’s move which was announced on Tuesday.

Spotify said the Apple One package disadvantages streaming music rivals by favoring its own Apple Music service.

MacDailyNews Take: Whining forever. Spotify blows like sheep when they disappear into the ether.

“What Apple is trying to do is create an ecosystem, like what Amazon Prime has done, where they become a one stop shop, and certainly because competitors like Spotify face some risk,” said Aadil Zaman, a partner at Wall. . Street Alliance Group.

MacDailyNews Take: With the advent of the Apple One, Spotify’s value proposition sucks even more today. Spotify can not compete, so they fix the case.

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