Tuesday, June 4, 2013

Investopedia: Apple Hopes iRadio Keeps Users Tuned In

While plenty of analysts and writers (including myself) have been assuming that it was a “when, not if” sort of situation, the buzz around Apple (Nasdaq:AAPL) launching a streaming music/internet radio service to compete with Pandora (NYSE:P) has gotten quite a bit louder. This service would not be a huge contributor to Apple all on its own, but it would offer the company yet another way to monetize its large user base and further establish its presence in services and mobile advertising. To that end, anything that develops those potentially lucrative lines is a net positive for the stock.

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