Spotify reports $118 million loss despite adding more users, paid subscribers

By news@appleinsider.com (Mike Peterson) Spotify bled about $118 million in profit in the third quarter of 2020, despite its active monthly user count increasing 29% during the period.Credit: SpotifyThe chief Apple Music competitor now has 320 million monthly active users and 144 million paid subscribers. Spotify attributed the growth in both of those sections to marketing in India and a launch in Russia and 12 other markets….

Source:: Apple Insider

      

Bang & Olufsen Beolit 20 speaker can charge your iPhone wirelessly

By news@appleinsider.com (Amber Neely) Bang & Olufsen has refreshed its iconic Beolit speaker with Qi charging, an improved grille, and even more intuitive touch controls.Bluetooth speakers are always handy to have on hand, and if you’re in the market for a high-end, attractive design, you may want to consider Bang & Olufsen’s latest iteration of their Beolit model.While small, the Beolit 20 is not small on sound — it features a 5.5-inch long-stroke wideband woofer combined with three 1.5-inch full ranges and two 4-inch passive bass radiators. It boasts Bang & Olufsen’s True360 sound, playing down to 37-20.000hz for a wide, satisfying bass range….

Source:: Apple Insider