Spotify CEO plots the path to profitability by challenging Apple Music in an interview

In an interview detailing Spotify’s long-term profitability goals, CEO Daniel Ek says his company’s strength in rivals like Apple Music is that it can “play well” on any platform.

The streaming company announced a number of new engagements on Monday, including a lossless “HiFi” streaming option and exclusive podcasts. In the wake of that event, Ek sitting with The Verge to discuss some of these features and Spotify’s broader plans.

On its competition with Apple and Amazon, The Verge asked if Spotify was evaluating first-party hardware to compete with the options available from its rivals. Unlike other companies that have music or podcast streaming services, Spotify doesn’t …

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