Apple, Amazon and Spotify: The Zacks Analyst Blog Highlights

Apple, Amazon and Spotify: The Zacks Analyst Blog Highlights

Stocks recently featured in the blog include: Amazon.com, Inc. AMZN, Apple Inc. AAPL and Spotify Technology S.A. SPOT.

Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.

Here are highlights from Wednesday’s Analyst Blog:

Amazon’s (AMZN) Spatial Audio Available to More Customers

Amazon’s music streaming service, Amazon Music, has made its music mixed in spatial audio available on multiple devices for Unlimited tier subscribers.

Users can listen to music with their existing headphones by streaming music on various devices including iOS and Android as well as select devices that support Alexa Cast like Echo Studio, Sony’s SRS-RA5000 or SRS-RA3000 wireless speakers, and home theater systems such as HT-A9, HT-A7000, or HT-A5000.

Further, users can now enjoy the highest-quality audio version of new releases from artists like FINNEAS, Lil Nas X, Remi Wolf, Coldplay and Alicia Keys without any upgrade.

Amazon Music in Focus

Amazon Music intends to offer an enhanced audio experience to customers with its highest-quality and in-depth music. With Amazon Music Unlimited, listeners have access to 75 million songs in high definition (HD), more than 7 million songs in ultra HD and a rising catalog of spatial audio. Apart from the recent move, the company announced that users will be able to listen to music mixed in Dolby Atmos on the Sonos Arc and Beam (Gen 2) soundbars by streaming Amazon Music from the Sonos app later this year.

Amazon Music will also exclusively release Mercury – Act 1 (Amazon Music Live) in November to let users enjoy a brand-new EP from Imagine Dragons. We note that the latest move is in sync with the company’s growing efforts toward strengthening the music streaming platform.

Apart from the latest move, it recently launched DJ Mode that delivers personalized, hosted stations with top DJs and music artists and their personal stories on one platform. Further, its high-quality streaming tier, Amazon Music HD, was made available to all Amazon Music Unlimited subscribers without any additional charge.

These initiatives are helping the company gain more subscribers.

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