Whether it be a soaring stock or the announcement of $100 billion being returned to Apple’s shareholders by 2015, each of these companies offers its own opportunity. Pandora Media Inc (NYSE:P) has performed well, but it hasn’t had much competition prior to this year. How they respond to this new competition will likely determine their relevance in the future.
I know Apple and Google fans won’t like my perspective on this issue, but that’s ok. I think in this case the only company of the three to actually innovate is Pandora Media Inc (NYSE:P). Yes, Apple Inc. (NASDAQ:AAPL) had some fancy looking products with its Mac Pro presentation, and this is a little more innovative than what we have seen out of them recently, but in regards to radio, what have they done besides copy? The same is true of Google. They might have Google Glass and other new products in the pipeline, but we have seen nothing new in the music industry. Kudos to Pandora for rolling these types of services out.
The Foolish bottom line
New products, new ideas, and new customers is what drives these types of companies. Pandora Media Inc (NYSE:P) is young but has done well so far. Apple Inc. (NASDAQ:AAPL) and Google have huge user bases and are looking to capture even more of the market with their radio services. Again, it will be interesting to see how it plays out, but the winner will likely be the company that offers the best personalized music services to its customers.
The article Apple’s Pandora-like Services originally appeared on Fool.com and is written by Tyler Wofford.
Tyler Wofford has no position in any stocks mentioned. The Motley Fool recommends Apple and Google. The Motley Fool owns shares of Apple and Google. Tyler is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.
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