Apple Music hits 38 million paid subscribers

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Apple Inc’s streaming music service now has 38 million paid subscribers, up from 36 million in February, the company said on Monday.

Apple is locked in race for subscribers with Inc, Alphabet Inc’s Google and others as streaming music becomes the dominant form of paid music consumption. Apple’s number compares to 71 million premium subscribers at the end of 2017 at industry leader Spotify, which plans to list shares in the coming weeks on the New York Stock Exchange under the ticker symbol SPOT.

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