Spotify Will Overtake iTunes In Two Years

Spotify now has 10 million signed-up users and 2.5 million paying subscribers. CEO Daniel Ek points out that subcribers pay £120 a year, whereas customers of iTunes store only pay £60 on average

Spotify Will Overtake iTunes In Two Years, Claims 'Social Network' Billionaire Sean Parker -- Daily Mail

* Streaming service is already number two after iTunes
* More than 10 million users after tie-up with Facebook
* Tech billionaire claims music companies will earn more throughSpotify

Music streaming service Spotify will overtake Apple's iTunes store within two years if it keeps growing at its current rate, claims Sean Parker, Facebook's first president.

The technology billionaire, famous from the film 'The Social Network', where he was played by Justin Timberlake, claims that music companies will earn more from Spotify than from Apple within two years.

He also poked fun at the slow speeds of Apple's download store, saying, 'The iTunes store, to this day, is so slow. I’m amazed.'

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My Comment: He is probably right.