Apple recently announced it’s third quarter financial results, which showed a $53.3 billion increase in revenue from a year ago.

CEO Tim Cook commented, “Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline.”

But the real story here isn’t in the iPhone or the iWatch, even. The real story lays in Apple Music. Apple’s revamped, newly-minted streaming service has grown more than 50 percent over the quarter, attracting more than 50 million current subscribers and free trial users.

According to Cook, this past quarter made Apple Music the continental market leader in North America — but only by a fraction — with both Spotify and Apple Music reporting approximately 20 million users. Cook also made mention of Apple Music as the global leader for online streaming in Japan.

Is Apple Music poised to surpass Spotify as the world’s dominant music streaming platform? Only time will time.

Via: Apple Newsroom

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Written by Ryan Morse

Information seeker. Dog lover. Ph.D. drop out. I'm probably at Bassnectar.