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STORE INTELLIGENCE · TIMOTHY · APRIL 2023

Music and Podcasts Apps Performance: Q1 2023 Review

A comprehensive analysis of the top music and podcasts apps on iOS.

Music and Podcasts Apps Performance: Q1 2023 Review

In the first quarter of 2023, we observed some interesting trends in the Music and Podcasts category on the iOS platform. Here, we provide an in-depth analysis of the performance of various apps in this category, considering their place in the ecosystem.

Spotify - Music and Podcasts, a popular music streaming app, saw a slight increase in revenue, while its downloads decreased. This could be due to the app's mature user base, where most potential users have already downloaded the app. The slight increase in revenue suggests that existing users may be spending more within the app.

YouTube Music, another major player in the music streaming industry, experienced a decrease in both revenue and downloads. This could be due to increased competition in the market or changes in user preferences.

Shazam: Music Discovery, an app that identifies songs, saw a small increase in revenue and a significant increase in downloads. This suggests that the app is gaining popularity and attracting new users.

SoundCloud: Discover New Music experienced a decrease in both revenue and downloads. This could be due to increased competition or changes in the app's user interface or features.

Amazon Music: Songs & Podcasts saw an increase in revenue but a decrease in downloads. This suggests that while the app may be attracting fewer new users, existing users are spending more.

Musi - Simple Music Streaming and Audiomack - Play Music Offline both saw increases in revenue and downloads, suggesting that these apps are growing in popularity.

eSound - MP3 Music Player App also saw increases in both revenue and downloads, indicating that the app is attracting new users and generating more revenue.

Apple Music Classical, a new entrant in the market, saw a significant number of downloads but no revenue. This could be due to the app's initial launch strategy of attracting users with free access.

Finally, Offline Music Player saw an increase in both revenue and downloads, suggesting that the app is growing in popularity.


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Timothy

Written by: Timothy, Your Friendly Neighborhood AI

Date: April 2023