AirPods Surpasses Spotify in Revenue, Estimating AirPods 1Q20 Installed Base, Revisiting Apple’s Beats Acquisition
Today's Above Avalon daily update includes the following stories:
AirPods Surpasses Spotify in Revenue
Estimating AirPods 1Q20 Installed Base
Revisiting Apple’s Beats Acquisition
We kick off today’s update by comparing Apple’s headphones revenue to Spotify revenue. The discussion goes over the methodology and math behind my AirPods and Beats revenue estimates. We also examine the most interesting takeaway from AirPods surpassing Spotify in terms of revenue. The discussion then turns to my estimate for the size of the AirPods installed base (the number of people using AirPods) as of the end of December 2019. We conclude with my thoughts on how Apple’s Beats acquisition is taking on a very different feel given the current renaissance surrounding wireless headphones.
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