This space is not anything new however…similar companies like Spotify, SoundCloud, Grooveshark, LastFM and many other services have been in this space for some time now too. While this competition formidable, is seems as though willing consumers around the world, who are already financially linked to iTunes, love anything that AAPL pumps out into their pocket.
This seems to be another effort by AAPL to further dominate the app tiles on your iPhone screen. Recently, a story broke that AAPL may drop GOOG maps and search capabilities on the iPhone. This disintermediation effort may discourage developers in AAPL apps and smother entrepreneurs looking to break into the most popular device. This may further drive consumers and developers to other devices like Android; and as we know, where cutting edge apps are…consumers are so caveat emptor.
mark@keeneonthemarket.com