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J.P. Morgan: Yahoo Music not a threat to iTunes

updated 08:45 am EDT, Wed May 11, 2005

Yahoo not an iTunes threat

J.P. Morgan analyst Bill Shope believes Yahoo's launch of a new subscription music service should put "some pressure on Apple Computer's stock, but feels feels Apple's barriers to entry into the market remain formidable, and Yahoo's new service ' that Apple has on the nascent digital music market with its iPod-iTunes link.'" Shope reiterated his 'overweight' rating on the stock, said the current valuation presents an "attractive buying opportunity," and thinks Apple look to further distance itself from its competition by adding functionality to its iTunes music store, such as video downloads, according to Marketwatch.

by MacNN Staff





  1. benhur

    Joined: Dec 1969


    competition is good

    Right? Wow. That's pretty competitive of Yahoo. I mean, okay, there's the whole it doesn't work with Apple, won't work on the iPod, it's a subscription debate, but $6.99 for access to all that music. Honestly, if it worked on a Mac I'd try it. Even if I couldn't put it on my iPods, just to be able to play it at my desk at home or at work.

    I know I'm gonna take fire for this one but seriously. Not everyone prefers to buy their music or listen to the same cd's from their collection over and over. I like to experiment with new music, if I really like it, I'll buy it from iTunes.

    Anyway, this shouldn't threaten Apple too much. The other subscription services haven't but then again $6.99. You have to wonder if there is someway Apple could pull it off with the current iTunes model. I'm not sure how, but I think there's room for both.

    Any thoughts? (like I have to ask)

  1. benhur

    Joined: Dec 1969


    there is room for both

    I just finished reading the yahoo article and Yahoo offers both the subscription model and purchase model, still only .99 like Apple. However, if you are a subscription customer the tracks are .79

    I wish Apple would have been first. This is really appealing. Who knows how well they'll do. Personally, I hope it does well so that Apple will follow and offer the same. I know the ease of use and the players that are supported aren't on the same playing field as Apple's offerings but since when did that matter for PC users? If either is close this could start taking away significant market share from Apple.

  1. Foe Hammer

    Joined: Dec 1969


    What the ???

    Where's the idiot analysts we usually get?

  1. jarod

    Joined: Dec 1969


    Apple Investors are dumb

    Everybody knows that the ipod owns the digital media market today...OWNS it. Yet whenever a Tom, d***, or Harry announces a music store, people sell their Apple stock like the company is going out of business. What a bunch of bloody morons.

    All this Yahoo c*** will amount to is a war between Real and Napster. They will destroy themselves over the puny 20% market share that they can fight over.

    All it takes is Apple to release a subscription model as an option, to put all these fools out of their misery once and for all.

    But hey, that's my opinion. But ever since, Napster and Real announced their lame music models, its been clearer than ever that the recent Apple investor is nothing more than an uneducated imbecile.

    The only good news is that now we can get the stock at a lower price.

  1. climacs

    Joined: Dec 1969



    down 2.50 at this point... buy at $30???

  1. bigpoppa206

    Joined: Dec 1969


    I LOVE IT!

    Let everyone fight it out over their slice of the pie while Apple keeps chugging along to its own groove. Priceless.

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