Forget Music Service, Apple TV is What Really Matters: Henry Blodget
Is Apple's (AAPL) new music streaming service really a Pandora-killer (P)?
Ahead of today's Worldwide Developers Conference, The Daily Ticker's Henry Blodget tells Aaron Task that this service could turn out to be a bit of a dud. "What are we gonna get? We're supposed to get a radio service, a new Pandora, it's been in the works for years, you gotta be kinda bored about that. Everybody likes Pandora, it's already pretty good, so what's gonna be different?"
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A so-so success, or even a failure could mean trouble for Apple. The stock has fallen 23% in the last year. It clearly needs a hit. Speaking of which, what ever happened to Apple TV?
They year-long delay can be blamed on reports that "they've had trouble getting the content deals done," says Blodget. "There was a real hiccup at Apple. If you look at Apple's product rollouts they are in the middle of the longest drought that anybody can remember..." Maybe we'll see Apple TV by the end of the year, he says.
Blodget, always an optimist, sounds a note of Wall Street-type hope. "Maybe expectations are so low that they're gonna come out with real honest surprises today."
Apple fans would be thrilled. Lines started forming Sunday morning in San Francisco, as the faithful camped out for the best seats... at a conference. Expect news to roll out all day on a new music streaming service, updated operating systems and maybe even a cheaper iPhone.
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