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Spotify Could Be A $100 Billion Company
Monday, October 23, 2017 - 11:44am | 393Spotify, the popular streaming music platform, could be worth $20 billion during a future initial public offering, CNBC said in a report citing GP Bullhound. Investors will likely want to jump in on the IPO as the company would be worth as much as $55 billion by 2020 — only to rise to $100...
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Apple Could Bundle Free iCloud, Apple Music With iPhone 8 Purchase
Thursday, August 31, 2017 - 3:55pm | 318If reports of a $1,000 iPhone 8 are true, how will Apple Inc. (NASDAQ: AAPL) convince consumers to buy a five-digit price tag phone? Analysts at Barclays may have the answer. Barclays' Mark Moskowitz conducted a survey among iPhone users, which showed that their buying intention increases from 18...
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Investors Cheer News That Apple Has Added PayPal To App Store, iTunes, Apple Music
Wednesday, July 12, 2017 - 8:59am | 288PayPal Holdings Inc (NASDAQ: PYPL) shares rose more than 3.5 percent during Wednesday’s pre-market session as Apple Inc. (NASDAQ: AAPL) announced a new partnership with PayPal. Starting Wednesday, select Apple users will now be able to use PayPal as a form of payment in the App Store, iTunes...
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Credit Suisse's Take On Apple Services Business, Potential M&A Targets
Tuesday, April 18, 2017 - 9:26am | 765Issuing a note on Apple Inc. (NASDAQ: AAPL)'s services update, Credit Suisse derived five key conclusions. The firm also dwelled on options before Apple if it were to pursue inorganic growth and zeroed in on Netflix, Inc. (NASDAQ: NFLX) as the most likely option. Apple's services business includes...
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Statistics Show Music Streaming Is Now Too Big To Fail...For The Music Industry
Sunday, April 9, 2017 - 11:07am | 429A new report from Statista suggests the music streaming business is now too big to fail. This assertion was made after the world’s largest music streaming service Spotify, secured a new multi-year licensing deal with the world’s largest record label, Comcast Corporation (NASDAQ: CMCSA)...
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Munster: Services To Contribute 20% Of Apple's Revenue By 2022
Wednesday, March 29, 2017 - 9:31am | 308Apple Inc.’s (NASDAQ: AAPL) Services arm contributed 11.6 percent of total revenue in 2016 and almost 18 percent of profits. By 2022, the Services business could account for 20 percent of total revenue and 30 percent of profits, Loup Ventures’ Gene Munster said in a report. Apple...
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Does Tidal's Deal With Sprint Leave Apple Eyeing Pandora?
Monday, January 23, 2017 - 3:02pm | 614Sprint Corp (NYSE: S) may have edged out Apple Inc. (NASDAQ: AAPL) in forging a partnership with Tidal, a subscription-based music streaming service owned by Jay Z. With Tidal beyond its reach, Apple may now be forced to settle for Pandora Media Inc (NYSE: P) for beefing up its Apple Music service...
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Apple Looks To Hollywood, 20 Years After Steve Jobs Said Content Makes Great Products
Thursday, January 12, 2017 - 9:26am | 413"People get confused," the late Steve Jobs once said. "Companies get confused. When they start getting bigger, they want to replicate their initial success. And a lot of them think, 'Well, somehow, there’s some magic in the process of how that success was created.' So...
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Apple Music Hits 20 Million Subscriber Mark
Wednesday, December 7, 2016 - 9:20am | 157Apple Inc. (NASDAQ: AAPL)'s Apple Music said it officially has more than 20 million paying subscribers, just three months after it crossed 17 million subscribers and just 17 months after its launch, according to a report on Music Business Worldwide. Rival Spotify surpassed 40 million subscribers in...
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Pandora Vs. Spotify Vs. Apple Music Vs. Soundcloud: Which Is Better For The Artist?
Monday, October 17, 2016 - 5:03pm | 743Pandora Media Inc (NYSE: P) has rolled out is new Artist Marketing Platform (AMP), which features a number of marketing tools that artists can use to promote their music. Streaming music services have gotten a lot of criticism lately for how little they pay artists for their music. Taylor Swift...
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Bank Of America Tuning Its Rating On Pandora Down To Underperform
Monday, October 17, 2016 - 8:43am | 336While Pandora Media Inc’s (NYSE: P) 2020 revenue target appears “difficult to achieve,” the company’s on-demand product seems to be “five years too late,” Bank of America’s Nat Schindler said in a report. He downgraded the rating on Pandora from Neutral...
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Apple Music Takes 3 Records To The Top Of Billboard Charts
Friday, August 12, 2016 - 6:49am | 297Many doubted the potential of Apple Inc. (NASDAQ: AAPL)'s Apple Music streaming service when it launched a little more than a year ago. However, the men and women working at the tech behemoth’s marketing department are pretty resourceful. Over the past year, the streaming service has...
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The Future Of Apple: 'New iPhone Is Going To Be Something Revolutionary'
Friday, July 8, 2016 - 12:17pm | 584The future of Apple is an unpredictable one. The tech company has fallen off 14 percent from its year-to-date high of $112.10 and now sits around $96.50. On Friday’s PreMarket Prep, Wedbush Securities’ Ian Winer gave his bullish and bearish cases for Apple Inc. (NASDAQ: AAPL). ‘...
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Apple's Interest In Tidal Could Spark Added M&A Interest For Pandora
Thursday, July 7, 2016 - 11:14am | 325Macquarie’s Amy Yong believes Apple Inc. (NASDAQ: AAPL)'s interest in Tidal Music could motivate a strategic buyer to look at Pandora Media Inc (NYSE: P) as a potential target. Yong maintained an Outperform rating on Apple, with a price target of $112. The analyst also maintained an...
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Study: Streaming Music Services Are Now More Popular Than Video
Wednesday, July 6, 2016 - 1:53pm | 267For the first time ever, U.S. consumers are listening to streaming music services more than they are streaming video, according to a report by BuzzAngle. The report stated that streaming music services like Apple Inc. (NASDAQ: AAPL)'s Apple Music and Spotify delivered 114 billion streams from the...