Apple's Shazam Users Jumped in 2018
Apple's (NASDAQ: AAPL) $400 million acquisition of music recognition specialist Shazam closed over a year ago and having a rich corporate parent has helped Shazam become profitable. The subsidiary has filed financial results with the Companies House in the U.K., where Shazam is based, which show the company swinging to a profit in 2018. On top of that, Shazam annual active users are now approaching 500 million.
Here's what investors need to know.
Image source: Shazam.
Source Fool.com
