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Amazon.com Inc. (AMZN): Cloud Player for Apple Inc. (AAPL) iPad

Amazon.com Inc. (NASDAQ:AMZN) – a favored holding in nearly 60 equity hedge funds that we track – has been competing directly with Apple Inc. (NASDAQ:AAPL) in certain areas, especially in the music and video area, with its Cloud Player and Amazon MP3 services going up against iTunes.  This week, now, Amazon has announced a new Amazon Cloud app for certain iDevices that hadn’t been in place before – delving further into Apple’s sacred ecosystem – and announced an update to an iOS app that is suggests users not download. Huh?

Let’s first talk about Amazon.com Inc. (NASDAQ:AMZN) and its new step into the Apple Inc. (NASDAQ:AAPL) iOs pool. In the past, Amazon MP3 users who own an iDevice – especially iPads – could download their MP3s onto their computers and transfer them to their iPads, but they couldn’t before utilize music streaming directly from the cloud. But this week, Amazon.com announced the release of its Cloud Player app for iPads and iPad Mini devices for the first time – joining the app that was on iPhones and iPod Touch devices.  This new app now allows iPad users to stream directly from their Amazon cloud library, rather than requiring users to load their music on their devices in order to stream it. Users can also download music from the app to play offline, but that music must be played with Cloud Player.

Amazon.com Inc. (AMZN)In a related note from Amazon.com Inc. (NASDAQ:AMZN) regarding the Apple Inc. (NASDAQ:AAPL) ecosystem, Amazon announced this week that it has an update to its Kindle app for iPads and iPhones, but it has informed users not to download version 3.6.1 because it has already noticed a bug. If by “bug” one means deleting an entire Kindle library on your iDevice, then yes, a bug. The company is likely working on an update and will inform users of its availability.

What do you think about Amazon.com Inc. (NASDAQ:AMZN) Cloud Player for iDevices? If you have an iDevice, do you use Amazon MP3 and Cloud Player, or do you use Apple Inc. (NASDAQ:AAPL) iTunes for your music streaming? Let us know your thoughts in the comments section below.

DISCLOSURE: I own no positions in any stock mentioned.

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