Connect with us

Technology

Online Radio Service by Apple Slated to Challenge Pandora

Published

11 years ago

on

Apple Inc is strengthening its relationship with leading music labels to begin an ad supported streaming radio firm that would give a tough competition with Pandora by 2013, according to the reports released. The high-profile talks on how to share advertisement profit and an agreement could be formed by mid-Nov, with AAPL establishing service within first 3 months of next year. It is said that Apple is putting efforts to try its hand on music department and it will start the service very soon as the discussions are in quick progress.

With music downloads declining, AAPL and record agencies want to build new ways for consumers to explore and purchase digital music. As of now, Pandora Media Inc is leading the segment and Apple wants to challenge the firm and look for licensing pacts with labels, which will allow more flexibility about what customers listen to. The internet radio leader, Pandora depends on a mandatory license, which restricts how often listener can skip the music and how many times in a hour, a user can be play it.

The software giant is trying to make its service available at the earliest. BTIG LLC analyst said radio is a natural step for the company that helps them to dominate in vehicles where travelers prefer to listen to radio for at least 2 to 3 hours a day.

Pandora Media Inc Company is based in Oakland, Cali and had its biggest fall yesterday since September 7. Bloomberg News reported that Pandora dropped 12% to $8.2 in New York, while Apple’s expansion is in discussion with other labels. It lost a share of about 18% this year.

Universal Music Group Executives from Vivendi SA, Sony Corp and Warner Music Group’s music division visited Apple’s main branch in California to learn about its plans and how it wants them to implement. Apple is the globe’s leading music retailer having 400million iTunes accounts and now it is seeking users to be able to purchase tracks as music revisit or streams what they hear in auto-created playlists. The company is planning to develop an app tailored for iPod Touch, iPad, and iPhone rather than delivering music via web browser.

Pandora develops music stations, depending on listener’s taste and its shares fell 17% in September, but gained 8.4% on October 23, after Apple did not release its radio service during a program that it organized to release the new iPad mini, which is a smaller version of its tablet slated to release in next month.

Related Topics:
Continue Reading

Business

Top 3 Gainers: Zynga (NASDAQ:ZNGA), Eros International (NYSE:EROS), Borqs Technologies’ (BRQS)

Published

4 years ago

on

July 20, 2020

By

Zynga (NASDAQ:ZNGA) is up 2.5% after Benchmark reiterated its Buy rating in a look-ahead at Q2 earnings. The firm’s expecting a beat and solid guidance for Q3, and it’s raising its guidance for the fiscal year.

Tailwinds from the pandemic won’t dissipate easily, Benchmark suggests, and the videogame maker’s acquisition of Peak (and with it new “forever franchises” in Toon Blast and Toy Blast) will drive audience, bookings, margins and free cash flow, it says. The firm has an $11 price target, now implying 14% upside.

Eros International (NYSE:EROS) is up 5.8% today, making up the last week’s lost ground, after news that its streaming service Eros Now is partnering with Sony India (SNE +2.3%).

That will mean Eros Now’s app is pre-installed on selected Sony smart televisions in India, along with availability on a large base of existing models (Bravia E series and newer).

The country over the past year has seen a 25% growth in demand for smart TVs, fueled by overall industry growth of 15%, to a record 15M units/year.

Borqs Technologies’ (BRQS) personal safety tracker sees strong market with increased orders from the electronics retail chain in the US.

The boost in product demand comes ahead coronavirus pandemic that provides company to expect delivery of 250K units this year. It reflects over 3x the volume delivered in 2019, the year of its launch.

Borqs’ mobile personal safety devices designed particularly for senior citizens come with panic button, location tracking, and fall detection.

Continue Reading

Technology

Tesla, Inc. (TSLA): US agencies investigate fatal Tesla Model 3 crash in Florida

Published

5 years ago

on

March 4, 2019

By

American safety officials are looking into the circumstances surrounding another fatal Tesla, Inc. (TSLA) crash. Both the NTSB and the NHTSA have confirmed that they’re investigating a collision between a Model 3 and a semi truck in Delray Beach, Florida on March 1st. According to the police report, the truck was turning left to enter a main thoroughfare when the Model 3 crashed into the semi’s trailer, shearing off the car’s roof and killing the driver. It’s not certain if Autopilot was active, although the Model 3 kept traveling for more than 500 yards before coming to a stop.

Why ASDN Could Massively Outperform TSLA in 2019

Tesla said in a statement that it was “deeply saddened” about the collision and was “reaching out” to authorities to cooperate. The NTSB added that it typically takes one to two years to complete investigations like this.

This certainly isn’t the first time US safety agencies have investigated Tesla crashes to determine the possible role of Autopilot. However, there are unusually close parallels to a deadly incident from May 2016, when a Model S driver in Florida struck a trailer. His vehicle had Autopilot engaged and also kept going a significant distance after the crash, although investigators cleared Tesla and noted that the driver in that case ignored safety warnings. While the particular circumstances are different, it wouldn’t be out of the question for agents to compare the two cases.

Continue Reading

Technology

Amazon (NASDAQ:AMZN), Qualcomm (NASDAQ:QCOM) Are In News On Monday

Published

5 years ago

on

March 4, 2019

By

Evercore raises its Amazon (NASDAQ:AMZN) price target from $1,800 to $1,965 saying that gross profit has become a “more important indicator” than Y/Y revenue growth.

Key quote: “As such, we remain bullish on AMZN at least in part because the company’s gross profit is expected to grow ~400bps faster than revenue for AMZN over the next 3 years.”

Why Investors Are Calling ASDN the AMZN of the Sky!

Amazon shares are up 0.9% pre-market to $1,686.

Qualcomm (NASDAQ:QCOM) alleges in a San Diego federal court that Apple (NASDAQ:AAPL) violated three of its patents and asks for tens of millions of dollars in damages.

Qualcomm has filed a series of patent actions against Apple around the world that will conclude before the antitrust trial starting in April, which will hear Apple’s challenge to QCOM’s business model.

Have you seen the article Forbes wrote about the ASDN Flying Passenger Drone and its technology?

U.S. District Judge Dana Sabraw will open an eight-day trial today deciding whether Apple violated Qualcomm’s patents with its iPhones that contain Intel (NASDAQ:INTC) chips.

Qualcomm shares are up 0.8% pre-market to $54.65.

Apple shares are up 0.5% to $175.88.

Continue Reading
Advertisement

Trending