As well as the 'Beat' passes Good.
Thursday march 6 in the marks and or are examining today one point nine billion dollars. Favourable revenue generated by music streaming industry last year's first time it it overtook CD sales. I music downloads they're sliding as well though apple is considering getting into the groups though making use of that recent acquisition beats. Ought as a measure to bump up that music loading service over and I'm Dan Butler in new York and New York Times reported that apple is hoping that the buffering service. We'll be able to take on the industry leaders Spotify here with Mormeck prospect for that may be. Is Aaron thing to do from askjeeve! Monetary Aaron good daytime to you. So apple reportedly looking to be exists for in this endeavor what are they trying af thanksgiving sale to do you mean what what are they what's there I guess the facts wet business. Right well the key weapon you recognize. I think they previously have tried prisoners the chief creative. At eats and he's going to be working in agreement with the times. On chiefly. Reconfiguring. Apple's music revelation. For users and look they've had a huge success with iTunes. Downloads are still bigger than streaming with download sales are on the way down and as you just they're streaming cells are on the way up. So I think apple is very much aware competitors they're facing from streaming and that was why they spent. Mainly how it is been three billion dollars on beats last year. Is it too late is it they desire too late than for apple to build capture this one. I'm I don't know that's Q I think they live reality is that apple endures as I mean apple as a 180 some odd billion dollars in cash. So there did the times piece talked about how they were not able get pre concessions from the record companies and offer product that's. At most what Spotify charges a ten dollars a month. Apple could give it away for free eat the costs would no problem benefit. real threat here for the Spotify is and the pandora's in the raps he's worldwide. How much does apple want to own this business because I think yes there leaked to the party. And that's a misstep for them but they have the resources to make up a lot of ground if they actually want to get aggressive here. So it's honestly about try to turn it took term penny on this venture that it depends on build Mormon ecosystem for the eye on the upcoming I watch as well. Yeah actually mean apple again they they are so self-made. In every option area almost. A tv personality and looked apple TV either they're ghetto formally roll that out. Music. Add they want you to do all that you do on an apple device and so music is a big part of people's lives and people are doing a lot of streaming obviously and so they wanna be one of the truck that is as well but that that pandora black friday day hears us that indoor head up billion dollars in revenue fry's black friday last year. That is below what half of 1% of Apple's revenue. So even if apple takes over this whole industry it's not really gonna be hugely material for them for their thing. But it's another visits that they may want to own as their apple and went out. If there possess other white wine on ago podcasters. black friday sales on laptops So apple up are the Dow there and and the Dow had a big sell off sunday what went down. Well i reckon what's having. It is we didn't get new highs last weeks after the Fed meeting last week it has clearly a big rally appeal that other gonna. They're gonna do me ex leader rather than sooner people got keen on that but the the S 500 which the pros really look at. Could fail to get a new high. And the great felt okay me we've got a little tired here in this rally and you had some complete equipment failures and bio attacks which are very hot sector had been a very hot sector. The Dow transfers as well and so that has people again thinking cautiously.
Man oh by the way the efficient numbers the most up-Inside-Date being the durable goods numbers last week have been very week. The now people are asking themselves again they're bullish thesis we'll keep hula on that taps from Yahoo! Finance area thanks so much be pleased. This records has been readily generated and may not be 100% accurate.
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