Amazon May Be Spotify's Biggest Challenger
While many investors see Apple (NASDAQ: AAPL) as Spotify's (NYSE: SPOT) biggest competitor, Amazon (NASDAQ: AMZN) is starting to pose more of a threat. As Spotify has made headlines with its big podcasting deals over the last couple of years, Amazon has quietly built a stable of exclusive audio content under its Audible business. Now, it's launching a premium service offering unlimited access to its 11,000 exclusive titles.
In Spotify's efforts to become the world's No. 1 audio platform, Amazon's presenting a big challenge.
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Source Fool.com
