Music streaming has relatively low gross margins compared to other tech businesses (though as they scale up they'll have more leverage with the rights holders) but a large addressable market to tap. Spotify could be a great investment if they continue to penetrate that market.
The same is true for Apple but at least for Apple it also has a strategic purpose in being the connective tissue for a number of hardware products that are almost certainly a better business (Apple Watch Series 3, HomePod, AirPods, iPhone, etc).
The same is true for Apple but at least for Apple it also has a strategic purpose in being the connective tissue for a number of hardware products that are almost certainly a better business (Apple Watch Series 3, HomePod, AirPods, iPhone, etc).