iTunes Radio Has 8% of US Streaming-Music Market, Ahead of Spotify After Only Six Months
According to Edison Research, Pandora (NYSE:P) still leads the streaming-music market with a commanding 31% market share, but Apple's (NASDAQ:AAPL)
iTunes Radio has made great gains since its debut last September,
taking 8% market share. That is right behind the second-place
streaming-music provider iHeart Radio, which holds 9% of the market.
This leaves Spotify, with 6%, in fourth place, and rounding out the
top-five is Google (NASDAQ:GOOG) Play All Access, with 3%.
Analyst Upgrades Apple, Claiming iPhone 6 Will Be a Huge Boon to the Company
This
morning, Andy Hargreaves, an analyst at Pacific Crest, upgraded Apple
from "outperform" to "sector perform," giving the stock a $635 price
target (as of this writing, the stock traded at $537.50 per share). Why
did he upgrade Apple, when so few analysts are doing the same?
Hargreaves believes that the company is going to release a 4.7-inch
iPhone 6 in the fall, and that it's going to be a big hit for the
company.
Hargreaves
says that Apple will charge $299 for the phone (with a contract), which
is $100 above the price of the current flagship iPhone, the 5S. He
thinks the big screen will attract a lot of customers ready to upgrade,
and that Apple will see a subsequent boost in both sales and earnings.
Additionally,
the Pacific Crest analyst does not think that Apple will introduce two
phones again like it did last year. This means that Apple wouldn't debut
a bigger, 5.5-inch phablet like some rumors have suggested.
The iPhone 6 May Resemble an iPod Nano Mixed With a 5C
This morning, the Japanese blog Macotakara
published a report detailing Apple's plans for the new iPhones to come
out later this year. That's right, plural. Unlike Andy Hargreaves,
Macotakara writer Danbo predicts that Apple will launch a 4.7-inch
iPhone as well as a 5.7-inch model., citing "sources that can be
trusted."
Danbo
expects these new iPhones to be high-end models of the current 5C,
though they will likely be made with anodized aluminum like the iPod
Nano, not plastic like the 5C. Sources said that the new models
are, at least in design, a cross between the the iPhone 5c and the
seventh-generation iPod Nano, which is pictured below.
Sources
told Macotakara that the new phones will not be replacements for the
5C, but rather high-end models. So, iPhone 5 is to iPhone 5S as iPhone
5C is to iPhone 6, at least according to "sources that can be trusted."
Apple's Secret Loyalty Program Is Expanding
If you've ever spent over $5,000 on Apple products in one year, you know
that the company has a secret loyalty program that gives discounts to
big-time Apple buyers. The program works with a tier structure: Red Tier
is for customers who spend over $5,000; Green Tier is for those who
spend over $35,000; Blue Tier is for those who spend over $200,000.
According to TechCrunch, loyal customers in every one of those tiers will now see even greater discounts thanks to an expansion of the program.
For example, on Mac computers, the Red Tier discount has reportedly
increased from 5% to 6%, and is now 8% for Blue Tier customers.
Additionally, unlocked iPhones and Apple TV have been reportedly added
to the list of discounted items.
Consumers are, of course, unlikely to see these discounts: They are
mostly targeted at institutional buyers, such as companies and schools.
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