Pandora: iTunes Radio is far from ideal

After Apple launched the service iTunes Radio, Pandora shares seriously shaken, but it was not a critical hit. It is with these words began to interview Mike Herring - CFO Pandora. According to him, Apple makes significant progress in its field, but to the ideal of service streaming radio it is still far. Herring said that such a popular company like Apple is a serious competitor for them, and thus perceived very seriously. Yet, Pandora gets the job done today "better than anyone else."

"Of course, iTunes Radio service represents a threat to us. We consider the real potential competitors and treat them with the utmost seriousness. We had to deal with such giants as Microsoft, Google or even Twitter. And the new Apple product seems quite competitive, but all that relates to streaming radio, we leave much better, "- he said in an interview with Herring -" These companies are investing large sums of money, having behind him a lot of experience in this area. But their main goal - to sell as much as possible, while we strive to another. As a result, this creates a significant difference. "

Despite such confident statements by Mike Herring, Apple could very well win. A major blow to the competition will be a time when iTunes Radio will become a full-fledged component of the new iOS 7. According to statistics, the OSes in less than a month was set to 71% of all mobile Apple devices. However, Pandora and things go bad, because the app is currently ranked top 3 in the popularity of App Store. I think it will be a spectacular competition, of which the strongest will win.