By contrast, a hardware maker like Apple Inc AAPL.O was able to launch music and video services by building on its operating system and existing device relationship with consumers. Meta Platforms Inc's META.O Facebook plans to stop producing a consumer version of a videoconferencing device dubbed Portal, instead focusing on the business market. Spotify CFO Paul Vogel told investors on Wednesday in addition to pricing challenges, inflation drove up component costs and a chip shortage made it harder to obtain parts.