Even with double the subscribers, Spotify says Apple will always have an edge owning the app store

By Matthew Lynley Spotify just filed for a direct listing in the U.S., sidestepping the traditional IPO process, and now we’re starting to see some of the true financial guts of the company — and some of the significant risks it faces from challenging services from Apple and Google. Apple, for example, charges apps a percentage of revenue for subscriptions processed through the App Store. Apple… Read More …read more

Source:: Tech Crunch Funding and Exits

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