updated 03:29 am EDT, Wed September 25, 2013
Pandora founder says iTunes Radio will have only 'modest' impact
In what may become a "Michael Dell moment," Pandora Media founder and CTO Tim Westergren told a conference of stock analysts on Tuesday that Apple's entry into the streaming radio business through its iTunes Radio may have an effect, but its "impact will be modest on Pandora," adding that "it's really too early to tell" what the overall adoption rate of iTunes Radio will be, though Apple has already reported that it added 11 million unique listeners in the service's first weekend. The (currently) US-only iTunes Radio is part of a revamped Music player on iOS devices and in iTunes 11 for Macs and PCs.
Pandora is currently the leading US customized radio type service with 72 million listeners, but iTunes Radio has access to a much larger library of songs it can use to customize user-created stations, currently has fewer ads, and is free for unlimited listening. Users who purchase separate cloud-music service iTunes Match get the iTunes Radio service ad-free. Pandora's stock is down 15 percent from its recent high on Friday, though it was up slightly on Tuesday.
Head Apple lobbyist returning to government through Obama appointment
Catherine Novelli, a lawyer who is currently Apple's vice president of worldwide government affairs, has been nominated by President Obama for the position of Undersecretary for Economic Growth, Energy and the Environment at the US State Department. Novelli has been with Apple since 2007, reports Appleinsider, but was a top trade representative under George W. Bush, and was in the Office of the General Counsel at the Department of Commerce under Presidents Reagan and George H.W. Bush from 1985 to 1991.
Apple is well-known for being very modest in its lobbying expenditures compared to other tech firms. Despite steady increases in spending on Washington influence, the company spent just $2 million in 2012 compared to $8 million by Microsoft and 16.5 million by Google. Apple expects to spend around $4 million on lobbying this year.