Apple Inc. (AAPL) iTunes Radio: Good for Pandora Media Inc (P), Bad for Sirius XM Radio Inc (SIRI)?

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Pandora Media Inc (NYSE:P) and Sirius XM Radio Inc (NASDAQ:SIRI) shareholders can take heart in knowing that Apple Inc. (NASDAQ:AAPL) has been surprisingly mortal in recent years on the digital music front. It was slow to jump into the streaming market. Apple Inc. (NASDAQ:AAPL) also flopped with its Ping social music network and has failed to gain serious traction with iTunes Match.

Things may change if more cars begin pushing iOS integration — making it harder for Pandora Media Inc (NYSE:P) and Sirius XM Radio Inc (NASDAQ:SIRI) to keep growing — but until Apple proves that it can succeed in a niche that is has neglected for years, it’s hard to bet against either company.

The article Apple iTunes Radio: Good for Pandora, Bad for Sirius XM? originally appeared on Fool.com.

Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple Inc. (NASDAQ:AAPL).

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