http://www.macnn.com/articles/05/05/11/yahoo.not.an.itunes.threat/
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.
Fresh-Faced Recruit
Joined: Jan 2001
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)