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.

Will Apple Inc (AAPL) Launch a Facebook Inc (FB) Enabled iTunes 11?

Apple Inc (NASDAQ:AAPL) bulls can hardly contain themselves. The tech giant’s new product event is slated for tomorrow at 1:00 pm eastern time, and members of the tech press received this colorful invitation (pictured above). So what does it all mean, and how is Facebook Inc (NASDAQ:FB) involved?

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

While its essentially a foregone that Apple Inc (NASDAQ:AAPL) will release the iPad Mini at its event, the blogosphere has heavily speculated that the company might also show us a 13-inch MacBook with Retina Display, and that it could release the newest iteration of its widely popular iTunes service, complete with Facebook Inc (NASDAQ:FB) integration.

Back in early October, we discussed the reasons why Apple Inc (NASDAQ:AAPL) shut down its social network, aptly titled Ping. While many armchair analysts deemed the hybrid social media/music network a failure, its original purpose was quite genius, and only failed because it did not have connectivity with social networking behemoths like Facebook Inc (NASDAQ:FB) and Twitter. Here’s an excerpt from the article:

Within Ping’s [user-created] circles, users could create a fully integrated music sharing environment, where they and their friends could perform a number of tasks including: (1) listen to friends’ playlists or song previews if the tracks weren’t purchased, (2) discover music others are downloading, (3) customized song and album charts based on popularity amongst friends, (4) track and order concert tickets, and of course (5) it was available on iPhone and iPod Touch.

Aside from discovering that Google wasn’t the first tech company to coin the term “circles,” we can also see in Steve Jobs’s original Ping keynote speech that the iconoclast had a vision where social listening could increase the profitability of Apple’s iTunes service. Interestingly, the late Apple Inc (NASDAQ:AAPL) CEO shed some light on why his company could not reach a deal with Facebook Inc (NASDAQ:FB) regarding Ping, claiming that Zuckerberg and Co. wouldn’t budge on onerous “terms that we [Apple] could not agree to.”

While it remains to be seen exactly what Apple Inc (NASDAQ:AAPL) will release tomorrow, it is highly likely that a new iteration of iTunes will include greater connectivity with Facebook Inc (NASDAQ:FB) and Twitter, not just because of the iOS 6’s penchant for both platforms, but because the company no longer has Ping to drive connectivity within the service.

BONUS: For investors looking to make a speculative play, it is rumored that Apple Inc (NASDAQ:AAPL) is looking to create a Pandora Media Inc (NYSE:P) rival, as the Wall Street Journal originally reported in September, and is in talks with major music labels to do so. While news surrounding this subject has been sparse – and that’s saying it lightly – it is at least within the realm of possibility that we’ll learn more about this tomorrow. Heck, we wouldn’t be surprised to learn that iTunes 11 was linked to this streaming music service in some way, but let’s leave the rest of the discussion until tomorrow.

Let us know in the comments section if you’re making a play on Apple Inc (NASDAQ:AAPL) or Facebook Inc (NASDAQ:FB) due to tomorrow’s product release, or if you’re really brave, bearish on Pandora as a result. Either way, we have less than 24 hours until we learn what Apple’s cryptic “We’ve got a little more to show you” invitation really alludes to.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.