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Apple Music On Track To Overtake Spotify

Apple Music is on the verge of overtaking Spotify AB in U.S. paid subscribers, a sign that the music-streaming world’s dominant force is facing growing competition ahead of its hotly anticipated public stock offering. Apple Inc.’s streaming-music service, introduced in June 2015, has been adding subscribers in the U.S. more rapidly than its older Swedish rival—a monthly growth rate of 5% versus 2%.

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