Can Apple Inc. (AAPL) Pull Off Its New Music Streaming Service

Everyone is expecting that Apple Inc. (NASDAQ:AAPL) will unveil its brand new Apple TV with some major modifications during its WorldWide Developers Conference (WWDC) in June. But some recent reports suggest that Apple Inc. (NASDAQ:AAPL) might also launch its Beats-based music streaming service, ‘Apple Music’ during this event in June. Business Insider CEO, Henry Blodget and CNBC’s Jon Fortt discussed on CNBC about if Apple Inc. (NASDAQ:AAPL) can get the ‘Apple Music’ streaming music service right the first time or not.

Apple Itunes

Fortt mentioned that the music streaming service is not particularly a favorite area of expertise for Apple Inc. (NASDAQ:AAPL). He added that iTunes is kind of a mess if the user is trying to use it on iOS when compared to a Mac OS. He said that Apple also has a music app for iOS, different from iTunes and in addition to that they have a radio. He mentioned that they are going to add the artist tools. He feels that the question in people’s mind is if the new artist tool will allow every artist to use it or just the top tier artists. He thinks that Apple needs to be very careful in deciding whether they need to get into mobile first with this music streaming service or get into desktops or both. He said that Apple know their weakness better than anyone else.

“I think that this where you got to be skeptical on their ability to pull it off because time and time again […] they got it wrong the first time,” Fortt said.

Blodget feels that Apple is going to sell a lot. He pointed out that Apple has got 800 million credit cards, phones all over the world and in addition to that he said that Apple is selling subscriptions too. He feels that Spotify own the music streaming space right now among millennials. He thinks that it is going to be tough for Apple.

“They are going to sell a lot. They have got 800 million credit cards, phones all over the world. They will sell a bunch of subscriptions. Spotify owns this right now collectively especially among millennials. Playlist were very sticky. This is going to be tough for them. Agree. And they have had a lot of problems in the software side and service side,” Blodget said.

Apple Inc. (NASDAQ:AAPL) also owns one of the world’s most profitable businesses

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