Apple Stock News: Music Streaming Service, Not TV, Released Next Week

Apple Stock News

Apple announced that its World Wide Developers Conference (WWDC) keynote speech will be on Monday, June 8th, kicking off the event. The biggest event of the year for the company, there is sure to be plenty of excitement as new products are announced, updates are released, as well as other surprises. At this point, it has been reported that Apple will announce its new music streaming service, although its subscription TV streaming service won’t be announced.

apple stock news

The company will be releasing its new music streaming service, as it attempts to enter the business segment late. Apple released iTunes in 2003 and changed how people pay for and listen to music. It hopes it can do the same thing now, as it attempts to bring music streaming, which is on the upswing, into the mainstream. The service will cost $10 a month, competing with other services like Spotify and Tidal, and Apple will attempt to get iTunes customers to use the service. Apple already has their credit card info, so a switch could be seamless.

While the company will reveal its new music streaming service, its TV streaming package won’t be released as the company has not been able to come finalize licensing deals. Apple wanted to release the service this fall to coincide with the start of the new broadcast television season, but industry executives now believe the service won’t be released until later this year, or even in 2016, as it looks to find agreements with local broadcasters. The updated Apple TV will be released without the service, though, along with new operating systems iOS 9 and OS X 10.11.

Share on facebook
Share on twitter
Share on linkedin
Share on print
Share on email