Pandora (P) Falls as More Chatter Around Apple (AAPL) Music Service Pops Up
Tweet Send to a FriendGet Alerts P Hot Sheet
Down)
Trade P Now!
Pandora (NYSE: P) is moving lower on the session amid rehashed reports of a potential radio service from Apple (Nasdaq: AAPL).
Appleinsider points out that files found within iOS 6.1 might hint at a new "Pandora killer." Graphics include a "radio buy button," as well as a radio transmission graphic.
The last recorded update on the files were January 9, 2013.
Talks about Apple stating a streaming radio service began last year, with Apple facing some resistance in talks with content providers. Pandora fell twice, once last September and another time in October, on anticipation of the new service. With hundreds of millions of iTunes users in existence, Apple making a move in the music segment would certainly be disruptive.
Shares are down 1.4 percent Tuesday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Appleinsider points out that files found within iOS 6.1 might hint at a new "Pandora killer." Graphics include a "radio buy button," as well as a radio transmission graphic.
The last recorded update on the files were January 9, 2013.
Talks about Apple stating a streaming radio service began last year, with Apple facing some resistance in talks with content providers. Pandora fell twice, once last September and another time in October, on anticipation of the new service. With hundreds of millions of iTunes users in existence, Apple making a move in the music segment would certainly be disruptive.
Shares are down 1.4 percent Tuesday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Apple (AAPL) Streaming Music Service Could be Delayed - The Verge
- Tableau Software (DATA) IPO Surges Higher
- Will Erickson Air-Crane (EAC) Stock Crash and Burn?
Create E-mail Alert Related Categories
Insiders' Blog, Trader Talk
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
