Friday, September 7, 2012

Pandora Stock Dips After Reports Of A Competing Apple Service

Apple is in to bargaining with record labels over chartering deals that indicate toward a Pandora-style song service, according to The Wall Street Journal . The service would let users emanate practical stations built around the sound of a specific artist or song, and the song would be interspersed with infrequent iAds.

Apple's iTunes is the world's greatest song retailer, with a library of more than 28 million songs. A custom-radio service built on the back of iTunes and the determined network of Apple hardware owners could be a outrageous hazard to existing services similar to Pandora .News of Apple's reported song service pennyless Thursday, and by Friday morning, Pandora's batch had tumbled 18 percent .

One without doubt subject for Apple: What happens to Ping? Does the firm desert the music-central social-media service (it seems to have mostly completed so already), or does Ping develop in to this made to order air wave service?

Image: Apple

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