The Wall Street Journal reported recently that Apple is in talks to license music with the intention of creating an online music streaming platform that would be targeted to compete with Pandora. In fact, Pandora, which recently became a publicly traded company, has seen its shares fall a pretty significant amount over the past week as the rumor about Apple's involvement in the online radio market has spread.
Any rumor about Apple playing a new hand in the music industry has to be taken seriously, which explains the reflex reaction of Pandora's stock drop. Apple already has what amounts to the world's largest record store in the form of iTunes, which sells more music than any other...
I am trying to decide if this new "vinyl tap" app for the iPad is the dumbest - or coolest - thing I've seen in a while. I feel like there's no middle ground. Basically, it takes your music library ... and makes it seem like you're playing it on a record player. On your iPad? I ... yeah, I dunno.
Steve Jobs has stepped down as CEO of Apple. He will now be Chairman of the Board and former COO, Tim Cook, will replace him as CEO. The influence Apple has had on the music industry - is obvious. Further discussion going on in the official Apple thread.
Apple has announced an updated lineup of iPods. So far, a $250 120GB iPod Classic and restyled iPod Nano ($149 for 8GB, $199 for 16GB), and a thinner iPod Touch with integrated speaker (8GB, $229, 16GB for $299, and a 32GB for $399) have been revealed.