Will Google Inc (GOOG) and Apple Inc. (AAPL) Destroy Pandora Media Inc (P)?

Google and Apple each have ambitious plans for music streaming.  However, they have a lot of catching up to do if they want to displace Pandora.  Not only does Pandora already have its subscriber base well-established, but they also have been working with car manufacturers for years now to get Pandora service built into automobiles.  Since a significant portion of all radio listening occurs within the walls of a moving car, this gives Pandora a huge advantage over any competitors such as Apple or Google who are just entering the market.

The effects that iRadio and Google Play’s streaming app will have on Pandora probably won’t show up on the company’s financial statements for a while.  This is a competition that will unfold and tighten up in the next 2-3 years, but, until then, Pandora has a considerable advantage over new competitors and will likely continue to grow.

The article Will Pandora Be Able To Withstand Upcoming Heavy Competition? originally appeared on Fool.com and is written by Michael Gregg.

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