Only 25% of Spotify Users Are Paying for Music
Spotify is growing fast and now has more than 60 million subscribers. The challenge with that is only 25% of these subscribers are paying, and they are paying for discounted deals.
Two important questions to ask are…
- What will happen when the prices go back to normal?
- How will Apple Beats and YouTube Music Key launches impact Spotify’s growth?
Considering only 25% of Spotify subscribers are paying now for service and at discounted rates, Spotify may have a hard time convincing customers to pay the full rate.
Would you pay the full rate to use Spotify?
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