1 Music Stock to Buy and Hold for the Long Term
Last year was a big one for the music industry. The global recorded music market grew 10.2% in 2023 to reach $28.6 billion, according to IFPI, which represents the recording industry. That's up from the 9% boost the industry experienced the previous year.
Unsurprisingly in this digital age, the bulk of the growth came from streaming. Revenue from streaming subscriptions increased 11.2% and accounted for roughly half of total music revenue.
The reigning king of streaming is undeniably Spotify (NYSE: SPOT), which commands 31.7% of the global streaming subscription market. Music and Amazon Music have market shares of just 12.6% and 11.1%, respectively.
Source Fool.com
Apple Inc. Stock
€170.10
5.330%
Our community is currently high on Apple Inc. with 84 Buy predictions and 6 Sell predictions.
As a result the target price of 199 € shows a slightly positive potential of 16.99% compared to the current price of 170.1 € for Apple Inc..
