March 12, 2018 / 6:54 PM / 7 months ago

Apple Music hits 38 million paid subscribers

March 12 (Reuters) - Apple Inc's streaming music service now has 38 million paid subscribers, up from 36 million in February, the company said on Monday.

Apple is locked in race for subscribers with Amazon.com Inc , Alphabet Inc's Google and others as streaming music becomes the dominant form of paid music consumption. Apple's number compares to 71 million premium subscribers at the end of 2017 at industry leader Spotify, which plans to list shares in the coming weeks on the New York Stock Exchange under the ticker symbol SPOT.

Apple said Eddy Cue, senior vice president of internet software and services, disclosed the most recent subscriber number for Apple Music at the South by Southwest festival in Austin, Texas. (Reporting by Stephen Nellis; Editing by David Gregorio)

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