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Less than a week after Apple's new iTunes Radio went live on Sept. 18 with the release of iOS 7, the company reports the service already boasts 11 million unique listeners. Should Pandora be worried?
In 2005, the company shifted its focus to the consumer market by launching Pandora as an internet radio product. Pandora is a freemium service; basic features are free with advertisements or limitations, while additional features, such as improved streaming quality, music downloads and offline channels are offered via paid subscriptions.
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Apple finally unveiled iTunes Radio, the consumer tech giant's response to Pandora's success. Pandora shares actually moved higher on the news initially, but that's just near-term relief. In this ...
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