Apple Inc. (AAPL) Hasn’t Killed Pandora Media Inc (P) Yet

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It’s easy to see why Apple Inc. (NASDAQ:AAPL) and anyone else would be gunning for Pandora. Adjusted revenue soared 58% in its latest quarter. Yes, it also has a history of losing money, but analysts feel that this past quarter will be Pandora’s last profitless period.

Apple will make a move in streaming beyond the seemingly unpopular iTunes Match service. That’s a given. However, for Pandora to take a pounding every time Apple grows closer when we don’t know what the product will be, how much it will cost, and how successful Apple can realistically be isn’t fair.

If anything, Apple Inc. (NASDAQ:AAPL)’s entry may be the best thing that ever happened to Pandora Media Inc (NYSE:P). If iRadio fails to gain traction — and that’s certainly on the table given the death of Ping and the lack of resounding success with iTunes Match — there will no longer be any talk about a potential Pandora killer.

The conversation will then become a bidding war for the streaming service that everyone else failed to beat.

The article Apple Hasn’t Killed Pandora Yet originally appeared on Fool.com and is written by Rick Munarriz.

Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple.

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