Apple roundup: Beats Music, iTunes Radio, TVs, PT hikes

Beats Music will continue supporting Android and Windows Phone post-acquisition, says Tim Cook (AAPL +1.5%). Though not a total surprise, the remarks represent the first time Apple has committed to offering apps for 3rd-party mobile platforms.

Meanwhile, during a Code Conference talk also featuring Jimmy Iovine (live blog), Eddy Cue states Beats Music, launched only in January and trumpeted by Apple far more over the last 24 hours than Beats' headphones, now has 250K subs (via 5M downloads) - far more than the 111K it reportedly had as of March. Market leader Spotify recently topped 10M paid subs.

Cue adds iTunes has surpassed 35B cumulative song purchases (up from 25B in Feb. '13), and that iTunes Radio now has 40M listeners; Pandora (P +0.1%) had 76M active listeners at the end of April.

He also proclaims Apple has "the best product pipeline that I’ve seen in my 25 years at Apple," and reiterates his dislike of the current TV-viewing experience. "All we have today is glorified VCRs ... You have a bunch of disparate systems. There's no standards."

Shares are making fresh 52-week highs, aided by PT hikes from UBS, Baird, and Piper. UBS sees U.S. survey data about iPhone contract lengths pointing to a huge iPhone 6 upgrade cycle.

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Comments (14)
  • WisPokerGuy
    , contributor
    Comments (1416) | Send Message
    Let's all play a little game, shall we?


    Who recently wrote "Apple's Share Price Will Peak Soon"?


    Bonus question...


    Does this author have ANY credibility left with regard to this subject?
    29 May 2014, 02:09 PM Reply Like
  • Nitrexx11
    , contributor
    Comments (170) | Send Message
    did he ever have any credibility should be the question
    29 May 2014, 02:17 PM Reply Like
  • Detroit_Import
    , contributor
    Comments (4) | Send Message
    MB, and NO, of course!
    29 May 2014, 02:56 PM Reply Like
  • june1234
    , contributor
    Comments (4504) | Send Message
    Agree. Most of these authors are selling something else besides credibility.If credibility were a criteria in the media biz Denis Gartman of CNBC(a guy who had to shut down his own fund) and remains the BEST bankable contrarian indicator in the history of markets would not be employed as a market "guru". But his network CNBC makes its living from rating points, ad clicks and web page views not credibility and they keep paying him, $$$$$. Don't matter how you get the viewer just get em. Apple and Gold are great ratings topic, $$$$$$. Credibility has little to do with it
    29 May 2014, 03:06 PM Reply Like
  • genomegk
    , contributor
    Comments (1158) | Send Message
    Good grief, AAPL did peak--at 10:14 yesterday. That lasted until markets opened this morning.
    29 May 2014, 08:09 PM Reply Like
  • vbbv
    , contributor
    Comments (136) | Send Message
    Here we go!
    29 May 2014, 02:13 PM Reply Like
  • rheimerl
    , contributor
    Comments (496) | Send Message
    and to think just six months ago all the so called "experts" declared aapl dead!
    29 May 2014, 02:20 PM Reply Like
  • King Rat
    , contributor
    Comments (1901) | Send Message
    The 20th Anniversary Mac was cool, but the $10k price tag was outrageous.
    The original iMacs as well as the PowerBook G3s and Manta Displays, followed up by the B&W minitower were all cool. The 2nd PowerBook G4s, LCD iMacs and iPods were cool.


    All of those were what we would call innovative, as was the iPhone in 2007. So far 2014 has given us a price drop on MBAs which is much appreciated but not innovative. Keep the same price and make displays IPS please.


    I don't want an app that can remotely control my home electronics. I don't want yet another streaming content device. I want a machine to help me do what I do faster and better, so I can live my life. I don't want that machine to be part of my life. That is not cool. Lifestyle devices don't improve your lifestyle, they merely monetize it for somebody else.
    29 May 2014, 02:37 PM Reply Like
  • Harry Polizzi
    , contributor
    Comments (698) | Send Message
    King Rat,


    What you don't want is NOT what EVERYBODY don't want. So let Apple decide what ITS wants & don't want to do.


    29 May 2014, 03:33 PM Reply Like
  • IncomeYield
    , contributor
    Comments (3761) | Send Message
    There are a lot of problems in the world (with a nice potential ROI) that could use $3 billion.
    29 May 2014, 04:46 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (1416) | Send Message
    That is VERY true. However, in a capitalist society, that is NOT Apple's responsibility.


    I'm going to assume here that Apple "the corporation" pays the tax bill it is responsible to pay on a yearly basis. Other then marketing a safe product that does not damage people, they have no other corporate responsibility. If the public doesn't like how Apple (or any corporate entity for that matter) handles its balance sheet, they should change the rules that the company operates under. Otherwise Apple should continue to do what pretty much every citizen paying taxes does - minimize the cost effect by working the system with every LEGAL method at their disposal.
    29 May 2014, 07:15 PM Reply Like
  • Budavar
    , contributor
    Comments (1418) | Send Message
    Eddy Cue gave us the perfect cue =
    pun intended indeed.
    31 May 2014, 03:15 AM Reply Like
  • Budavar
    , contributor
    Comments (1418) | Send Message
    Re above - pardon for the typo.


    Eddie cue gave us the perfect clue!


    (pun still intended)
    31 May 2014, 03:18 AM Reply Like
  • nicholasfoster54
    , contributor
    Comments (3) | Send Message
    Does anyone else think the price of the microchip provider Invensense (INVN) per share could rise significantly if it lands a supplier contract with Apple for the upcoming iWatch? I feel that could be a solid investment.
    1 Jun 2014, 07:12 AM Reply Like
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