Spotify is officially in South Africa and here's how much it costs

Entertainment Spotify South Africa launches only R60 per month for Premium
By Edward Swardt- 12 March 2018 0

Entertainment Spotify South Africa launches only R60 per month for Premium By Edward Swardt- 12 March 2018 0

Apple's streaming music service now enjoys 38 million paid subscribers, an increase of two million subscribers since the company last reported figures in February.

The service offers playlists tailor-made for Israel, including "Israel's Top Hits", "New Mediterranean", "Hip Hop Generation", and "Israeli Weekend", as well as millions of worldwide playlists.

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Eddy Cue, Apple's senior vice president of Internet software and services, revealed the updated subscriber count at SXSW.

The company said the music service is available on the Apple App Store, Google Play Store, and Microsoft Store.

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Amazon Music Unlimited has 16 million paying subscribers, and Pandora Media Inc has 5.48 million total subscribers. The premium service will be priced at $6 (NIS 19.9) per month and include tracks by local and worldwide artists as well as playlists compiled by local radio stations and celebrities. Spotify's free service with ads will also be available in Israel.

As of December 2017, Spotify had 159 million users, 71 million of whom were paying subscribers, according to company data, making it the world's most popular music streaming service, followed by Apple Music with 36 million subscribers.

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According to their observations and findings, the stock could provide a high EPS of $2.33/share and a low EPS of $1.53/share. Okada a year ago lost his board position at Universal with the board accusing him of misappropriating $20 million in funds.

Yet Spotify, which estimated its value to be as much as $23.4 billion in its application to list some of its existing shares on the New York Stock Exchange, has yet to turn a profit. The South African launch marks the first time Spotify will be available on the African continent.

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