11 Million Users Already For iTunes Radio
As a result of a strong start, and the Apple name, Pandora's stock dropped $2.79 today. Analysts who cover Pandora reacted with surprise. “All the Apple stuff is pretty old news and should have been anticipated,” Michael Pachter of Wedbush Securities told MarketWatch. “People are likely to check iTunes Radio out, but it is not going to be as good as Pandora for most. By comparison, Pandora says it has over 72 million listeners."
Jeff Houston of Barrington Research told MarketWatch he was unfazed about the immediate impact of iTunes Radio on Pandora. Houston said Pandora is available on about 1,000 consumer electronic devices, and one-third of new domestic cars for sale this year will have Pandora pre-installed, giving it a large customer base upon which to build.
(10/17/2013 7:12:40 PM) |
It`s really useful! Looking through the Internet you can mostly observe watered down information, something like bla bla bla, but not here to my deep surprise. It makes me happy..!
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(9/23/2013 7:26:23 PM) |
Wait -- Business Insider says iTunes Radio streamed "11 million listening hours over the weekend," http://www.businessinsider.com/iphone-5s-5c-opening-weekend-sales-2013-9 and now MarketWatch is says "11 million active listeners." Someone's not right.
How does a service that's live for less than a week have "active listeners?"
|- Paul Maloney|
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