itunes replacement that records pandora for mac

Built-in customer base: Apple already had 400 million iTunes accounts, and hundreds of millions of mobile devices in use.Anything new it introduces gets an automatic lift just because it's an Apple product. Apple brand: Apple has the most powerful brand in tech.Here are the advantages an iTunes Radio Service would have out of the gate: Apple's iTunes Radio Service Would Outdo Pandora

'If Apple offers a radio product, it will be far superior to anything else on the market,' Rich Greenfield, an analyst with BTIG LLC, told Bloomberg News. Unfortunately for Pandora, Apple already has most the tools required to make a service as good as or even better. With an Apple iTunes Radio Service, those users could jump ship - if the iTunes Radio service was good enough to leave Pandora behind. That's where an iTunes Radio service would cause a lot of damage.Ībout 40% of Pandora's listeners access it via an Apple device such as an iPhone or iPod. 'The thought of listenership moving in the opposite direction would be very negative for them.' 'With Pandora, people have been patient, watching it grow listeners and revenue, and now this,' James Marsh, who covers the company for Piper Jaffray, told Marketwatch. Any hope of future profitability hinges on continued growth. In other words, Pandora - which has only posted a profit in one quarter since its June 2011 IPO - can't afford to have a huge chunk of its customers disappear. Pandora, a user-customizable Internet-based music streaming service, already pays out about half of its revenue in licensing fees to the music labels, and these fees are expected to rise in 2015. 'If the Apple radio rumors are true, Pandora has every reason to be scared - terrified, even,' wrote Tom Cheredar in a commentary for Venture Beat. (Nasdaq: AAPL) is very close to a deal with the major record labels that will enable it to launch a very similar ad-based music streaming service.įears of such a service, possibly called iTunes Radio, drew the quick and nasty negative reaction on Wall Street. The Bloomberg News report yesterday afternoon indicated Apple Inc. Shares closed at $8.20 yesterday (Thursday), down nearly 12%, and have edged lower today. Yesterday the selloff was so abrupt it triggered two circuit breakers that briefly halted trading in Pandora stock. (NYSE: P) to swoon over the past two days. Save my name, email, and website in this browser for the next time I comment.įresh reports that a long-rumored Apple iTunes Radio Service will arrive in February have caused shares of Pandora Media Inc. Sign me up for the Money Morning newsletter Your email address will not be published. Or to contact Money Morning Customer Service, click here. Comment on This Story Click here to cancel reply.

Itunes replacement that records pandora for mac