Music Service, Mobile Software Expected From Apple Inc. (AAPL)

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The announcement could further cement Apple as a leader in digital music and cut into Pandora Media Inc (NYSE:P)’s status as the most-listened-to Internet radio service.

But Apple faces a new type of competition that it didn’t have when it debuted iTunes. Rival Google Inc (NASDAQ:GOOG) started an on-demand subscription music service called All Access last month. The service joins Spotify, Rhapsody, and others that give subscribers the ability to pick and choose specific songs and albums from a catalog of millions for playback on computers, tablets and smartphones. Such services allow songs to be saved on mobile devices for playback outside of Internet connectivity as long as the user keeps paying a monthly fee — usually $10 a month in the U.S.

The article Music Service, Mobile Software Expected From Apple originally appeared on Fool.com is written by Associated Press.

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