Apple Music may overtake Spotify this summer

Competition seems to be heating up among the two of the biggest music streaming services: Apple Music and Spotify. Citing unnamed"people in the record business," the Wall Street Journal reports that Apple has been adding 5% to its U.S. subscriber base every month versus "just" 2% for Spotify. 

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Assuming that pace continues, Apple would overtake Spotify in the world's biggest music market this summer. Spotify is a music, podcast, and video streaming service that was officially launched on Oct. 7, 2008. Apple’s streaming music service was launched in June 2015.