Apple Takes Aim at Spotify's Podcast Ambitions

Despite being extremely early in podcast distribution, Apple (NASDAQ:AAPL) neglected its podcast app for a long time, failing to grow subscriptions, streaming advertisements, or exclusive, high-quality content. That left an opening for Spotify (NYSE:SPOT) to build and acquire the tools necessary to make podcasts a success for listeners and producers alike, potentially making it Spotify's biggest business long term.