“Apple will likely announce a cloud-based iTunes streaming service on Tuesday, but will not offer an all-you-can-eat music subscription plan, investment firm Piper Jaffray has predicted,” Neil Hughes reports for AppleInsider.
“Analyst Gene Munster issued a note to investors Monday after Apple teased on its website that it would have an “exciting announcement” on Tuesday at 10 a.m. Eastern,” Hughes reports. “He said it’s ‘probable’ that Apple will announce a cloud-based iTunes service that would allow content streaming to Internet-connected devices.”
Hughes reports, “Munster is not, however, convinced that Apple will announce a music subscription service this week.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Arline M.” for the heads up.]