Apple's $3.8 trillion market cap dwarfs Spotify's $95 billion. Apple could ban Spotify from iPhones tomorrow and crush the company, while anything Spotify does back barely registers. They're not really competitors in the same game.
Yeah, Apple versus Spotify. I think people don't understand the game that Apple's playing. To put context on this, Spotify is a $95 billion company, so big company, but Apple is a $3.8 trillion company. The stock movement of Apple on any given day could be the entirety of the market cap for Spotify. Spotify winning a little bit, and they are, they are gaining market share there, but like one year of Apple's profit is the entirety of the enterprise value of Spotify. Spotify. If tomorrow Apple wanted to crush Spotify, it could just ban Spotify's app from all iPhones. Now what? That being said, love Spotify, you guys are awesome, but like it's very hard to compare the two because they're playing entirely different games.
