This chart shows why Spotify is desperate for every dollar it can get back from Apple

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Apple lost out on around $98 million thanks to Spotify circumventing the App Store.

Spotify filed an antitrust complaint against Apple in Europe on Wednesday, complaining that the firm's 15-30% tax on Spotify iOS subscriptions is anti-competitive.

That may be small change for Apple, which makes billions in profit, but Spotify is predicting a loss of up to $407 million for 2019 and needs every dollar it can get.

 

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