Spotify Is Entering the Hardware Market

Spotify Is Entering the Hardware Market
Ryan Henderson, The Motley Fool
·4 min read

The world's largest audio streaming giant, Spotify (NYSE: SPOT), recently announced the launch of Car Thing, a smart player designed for the car. Following the April 13 announcement, Spotify's stock price jumped as much as 5% on the day, suggested the move pleased investors. Car Thing is a smart player designed specifically for car rides that allows users to easily control the audio while on the road.