Spotify Users Can Play Music with Voice Commands?
Spotify is reportedly preparing a new feature called "voice interface". Through this new feature, users can later play music with voice commands.
Reported by Softpedia, Friday (16/3/2018), Spotify is testing the feature to a small number of users. The way it works is quite easy when opening the Spotify app, the user can press a microphone button, then create voice commands like "play my discover weekly" or "listen to my workout playlist".
Actually users can do that with Google Assistant via voice commands like "listen to ... on Spotify", by mentioning the song you want to play. But this new feature on Spotify can provide a better experience for music search, playlist or song.
This testing process was first discovered by a Twitter user named Hunter Owens. He uploaded a screenshot of the voice search feature on the microblogging site.
A spokesperson for Spotify has already confirmed his confirmation of the truth of his penguijan. Currently, very few users can access the feature in the Spotify app.
The presence of this voice interface raises speculation about the possibility of Spotify will develop a smart speaker in the future. Currently, only SpotEx compatible speakers of Amazon Echo and Google Home are compatible.
Spotify Ready to Floor on Stock Market
Apart from the new features, Spotify is currently busy to become a public company. According to reports last month, Spotify will soon be floating on the New York Stock Exchange stock exchange. The Swedish company has filed a direct listing of its shares on Wednesday (28/2/2018).
Spotify will be traded as SPOT on the New York Stock Exchange, taking unusual steps in the US public market (US). Rather than conduct a conventional IPO / Initial Public Offering, companies use direct listing, which allows investors and employees to sell their shares without recruiting a broker or underwriter to take care of the bidding process.
Spotify said its current valuation was between US $ 16.8 billion and US $ 22.5 billion. This calculation is based on an estimated stock price of between US $ 9 and US $ 127.50 in the private market in February and 178 shares outstanding at the end of the same month.
In its filing documents Spotify lists financial data with relatively stable revenue and operating expenses. This is the first time Spotify has disclosed its financial data to the public.
Spotify was first released in 2008 and is available in over 60 countries. In addition, Spotify is also the largest music streaming company in the world, as well as a major rival of Apple, Amazon and Google, which also have similar services.
"We believe in the universality of music, giving us the opportunity to reach more than 3.6 billion internet users in the world," Spotify wrote in the report.
Income and Loss Rise
In the same report Spotify also revealed revenue rose 39 percent to 4.09 billion euros in 2017, from 2.95 billion euros a year earlier. The operating loss widened to 378 million euros by 2017, from 349 million euros.
"Revenues continue to grow, but their spending is growing slower than income, this is what happens to businesses like this," said an IPO expert and professor at the University of Florida, Jay Ritter.
Spotify currently has 71 million premium subscribers in the world, twice as many as Apple with 36 million. Total included for free service, Spotify has an average of 159 million monthly users.
Spotify premium subscription rate of US $ 9.99 per month. Spotify sees a huge potential in its (free) advertising service that Apple does not own.
"With an ad-based service, we believe there is a great opportunity to grow users and gain market share from traditional radio," Spotify explained in the report.
Spotify currently dominates the music streaming market, but its main rivals Apple, Google and Amazon also have a great chance to continue growing. Spotify's three rivals are tech giants who continue to develop new innovations.
Spotify itself has a strong ally with a partnership with Tencent Holding. The two companies in December 2017, announced they would buy each minority share to help grow their business in their respective core markets.
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