![]() ![]() He added that "rising inflation and component costs, coupled with the expanded lead time needed to order parts, has significantly altered" the balance of risks and rewards to keep developing and making Car Thing.įor Spotify, the biggest streaming service by both listeners and subscribers, Car Thing was the first time it ever developed and manufactured its own hardware. "We tested a number of price points, and we frankly haven't seen the volume," Spotify's financial chief, Paul Vogel, said on a conference call to discuss Spotify's second-quarter results. Nearly a year elapsed between Spotify unveiling Car Thing and then fully launching it, only for the company to stop making it about five months after bringing it to market. Spotify said Wednesday it has stopped manufacturing Car Thing, the music streaming service's first and only hardware.
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