Nokia (NOK): Welcome to the Club, Apple (AAPL)!
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Following the launch of Apple's (Nasdaq: AAPL) iTunes Radio, it appears that Nokia (NYSE: NOK) might be getting a little...bold?
CNBC cited a statement released from Nokia following Apple's WWDC event on Monday:
We launched our streaming radio service in 2011. It's interesting to see Apple react now and it seems they continue to play catch up. Nokia Music will stay true to our mobile-first approach and continue to deliver an extremely simple, personalized and contextual way to discover and enjoy music on the go. Our fully automated personalization and the ability to save your favorite playlists for offline use combined with no requirement for registration, no payment and no ads continues to resonate with listeners around the world.
Notably, Apple also launched its first cell phone (smartphone) years after Nokia had a commanding share of the mobile device market, making Apple an "also-ran" in that category.
Shares of Apple are lower in early trading.
CNBC cited a statement released from Nokia following Apple's WWDC event on Monday:
We launched our streaming radio service in 2011. It's interesting to see Apple react now and it seems they continue to play catch up. Nokia Music will stay true to our mobile-first approach and continue to deliver an extremely simple, personalized and contextual way to discover and enjoy music on the go. Our fully automated personalization and the ability to save your favorite playlists for offline use combined with no requirement for registration, no payment and no ads continues to resonate with listeners around the world.
Notably, Apple also launched its first cell phone (smartphone) years after Nokia had a commanding share of the mobile device market, making Apple an "also-ran" in that category.
Shares of Apple are lower in early trading.
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