(Reuters) - Shares of Spotify Technology SA <SPOT.N> fell as much as 7% on Wednesday, after Apple Inc <AAPL.O> announced a bundled plan for all its services that lowered the cost of Apple Music subscriptions.
The Swedish company, whose 138 million paying subscribers dwarf Apple Music and Amazon Music, lashed out at the iPhone maker's move that was announced on Tuesday.
Spotify said the Apple One bundle disadvantages streaming music rivals by favoring its own Apple Music service.
Apple said the bundle was aimed at existing users of its services and its customers can avail alternatives for each of the company's services.
Spotify and Apple charge $10 a month for their streaming music service, but the Apple One package, which starts at $15 per month, bundles it with other services such as television or ...
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