“I bounced the idea off Albert Fried and Company analyst Richard Tullo, who covers Pandora and is a frequent Bloomberg TV contributor,” Pendola writes. “Tullo thinks iRadio ends up a bigger threat to Spotify than Pandora: ‘We think Apple will adopt some Spotify-like features if it can in its iTunes platform as it’s really Spotify which is the direct threat.’ So, not a full-blown streaming Pandora competitor.”
Pendola writes, “That makes more sense. It gets ignored by the largely bearish financial media, but iTunes and Pandora are complementary services; iTunes and Spotify are clearly competitive.”
Read more in the full article here.