Indeed, take a step back from Pandora's stock performance Monday and you see a much different picture. "We can focus our efforts on building a better solution and not on market education," according to Cady. They will educate the market," he said, adding that Apple releasing a radio product is "a validation." "Overall having come out with a radio solution is good for the marketplace. Slacker Radio Chief Executive Jim Cady echoed that sentiment in an interview after iTunes Radio launched last week. In the past, Pandora has said that iTunes Radio will be a positive development for Internet radio overall and that it will help bring more people over from broadcast radio rather than simply poaching listeners from other online services. Apple's shares rose 5 percent to $490.64 each.Ī Pandora spokeswoman declined to comment on either the stock price or numbers released by Apple, other than to say that Pandora, as always, is keeping its eye on the long term. Pandora shares fell 10 percent to $24.26 apiece on Monday after Apple unveiled the iTunes Radio stat. Investors seemed to be crunching those numbers Monday. If Apple can keep up its momentum, it will have 66 million unique listeners in 30 days post-launch. 2 Spotify, 14.4 million for iHeartRadio, and 5.4 million for Slacker. Pandora, by far the biggest streaming radio service, had 64.9 million unique listeners in July, compared with 20.2 million for No. This pace of iTunes Radio listener growth - 11 million in five days - also puts it on track to surpass the current leader of Internet radio in less than 30 days.
#Pandora radio players update#
Apple HomePod update will add third-party music apps.