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Pandora Slumps On Report Apple Could Take A Bite Out Of Its Business

Discussion in 'Off-Topic Discussion' started by CatfishRivers, Sep 7, 2012.

  1. CatfishRivers

    CatfishRivers Well-Known Member

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    Pandora slumps on report Apple could take a bite out of its business - Market Day (click for full article)

    By Roland Jones, NBC News

    "Pandora is the latest company to come face to face with the giant Apple steamroller, according to The Wall Street Journal.

    The newspaper reports Friday that Apple is in talks to license music for a custom-radio service comparable to the one Pandora offers, with virtual stations that play songs similar to the song or artist that a user chooses.

    If true, the development represents a major threat to Pandora's popular music service, which runs on PCs, mobile devices and smart phones. Pandora's share price sank 18 percent to just above $10 Friday morning, presumably in response to the report.


    The Journal noted that Apple's service would work on iPhones, iPads and Mac computers, and possibly on Microsoft Windows-based PCs -- the same distribution channels through which Pandora's listeners currently tune into its radio stations.

    However, the Apple service would not work on smartphones and tablets running rival Google's Android operating system, the Journal said, underlining the ongoing battle between the two technology giants."
     
    Last edited: Sep 7, 2012
  2. CatfishRivers

    CatfishRivers Well-Known Member

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    Apple to offer Internet radio service in 2013 to combat Pandora (click for full article)

    Oct. 26, 2012 (8:32 am) By: Ryan Whitwam

    "Apple has been the undisputed king of digital music sales for a long time, having successfully kept the likes of Amazon and Google at bay. Now young upstarts like Pandora are starting to steal away some music purchasers with streaming radio and rumors are swirling once again that Apple is going to get into the Internet radio business to stomp out Pandora.


    Apple is reportedly in talks with the recording industry to set up the streaming service in 2013, which would likely be built into iOS devices and OS X. The company's long standing relationship with record companies could make an Apple streaming service much more attractive than the competition. However, it wouldn't be surprising to see Apple charging a small fee for its streaming radio service, whereas Pandora is free for limited use. Remember that Apple charges $25 per year for iTunes Match.


    Pandora relies on a compulsory license that severely limits what users are able to listen to. New releases are usually held back, and you can only skip a limited number of tracks each hour. These are features Apple might be able to improve on by getting even cozier with the recording industry.


    The huge number of iOS devices on the market gives Apple a big advantage. If Cupertino decides to push an update to all the iDevices out there adding a streaming music app, it could easily surpass Pandora in users.


    Apple also has the money to push this service for as long as it takes. Pandora, on the other hand, has seen its stock price dip 21% since last Spring."
     
    Last edited: Oct 27, 2012
  3. bidger

    bidger Member

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    I'll stick with Pandora. Frack Apple.
     

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