Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Inc. (AAPL) and Google Inc (GOOGL) Battling It Out on The Streaming Front

Apple Inc. (NASDAQ:AAPL)‘s Beats Music is set to face stiffer competition as Google Inc (NASDAQ:GOOGL) is looking to release its own streaming based service, Music Key. Bloomberg‘s Hans Nichols reported on the future outlook of the online music streaming in light of this new development.

Apple Inc. (AAPL), Inc. (AMZN), Barnes & Noble Inc. (BKS)

“[…] What both Google Inc (NASDAQ:GOOGL) and Apple Inc. (NASDAQ:AAPL) are getting into is the streaming business which is right now owned by Spotify, owned by Pandora, so what Apple, they bought Beats headphones, Beats electronics for $3 billion. What Google through YouTube wants to do is they want to offer Music Key. It’s a subscription based service. It’s going to start at about $8 per month […],” said Nichols.

Beats Music is the music streaming arm of Beats Electronics, which as Nichols pointed out was acquired by Apple Inc. (NASDAQ:AAPL) in order to tap revenues from the online music industry. The subscription of the service is also more expensive than what Google Inc (NASDAQ:GOOGL) is planning to offer its customers. Currently, it costs $9.99 to subscribe to Beats Music for a month.

Apple Inc. (NASDAQ:AAPL) doesn’t necessarily have to lower its subscription fees to battle this new competition that is arising from the new tech giant. By the wildfire-like sales of its new smart phones, Apple has shown that its customers are willing to pay more on account of brand loyalty. Many have argued that Samsung’s Android based phones might actually be slightly better than the Apple Inc. (NASDAQ:AAPL)’s new releases, but the South Korean electronics giant doesn’t have the sales numbers for the last few months to substantiate that claim.

It will be interesting to see whether Google Inc (NASDAQ:GOOGL)’s Music Key can eventually join the category of top most paid Apps on the Android platform. On the other hand Apple Inc. (NASDAQ:AAPL) users are generally more used to paying for Apps than the Android users, which could also be one more thing going in favour of Apple.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!