Apple Radio Might Put Pandora in Play
In early September, reports began surfacing that Apple might get into the Internet radio business. That would put it in direct competition with Pandora Media, the dominant online radio service, and might put Pandora on the takeover wish lists of Amazon.com, Google, and Clear Channel Communications. “Because Apple is doing something,” says Richard Tullo, an analyst at Albert Fried, “that makes everybody else want to counter their move.”
Tullo estimates that within a year Apple could win as many as 20 million users for an online service that streams music based on customers’ tastes.