Tuesday, 23 November 2010

Piper: expect iTunes cloud, not subscriptions, music, from Apple

Piper: expect iTunes cloud, not subscriptions, music, from AppleBy Neil HughesPublished: 01: 50 EDT

Apple announces iTunes rather, cloud-based streaming service on Tuesday, but will not offer breakfast music subscription plan investment firm Piper Jaffray predicted.

Analyst Gene Munster published a note to investors Monday after Apple teased at its website that it will be the exciting announcements Tuesday at 10 am Eastern.He said it's "likely" that Apple will announce iTunes cloud-based service that will allow streaming device that is connected to the Internet.

"Apple is developing in the first data center, N.C., we believe could serve as the center of such a service," he wrote. "The company noted that the Datacenter is on its way to the end (calendar year 2010) and it will begin to use it then. "

Munster nevertheless convinced that Apple will announce a service subscription music this week, the company was rumored to be interested in this years service for iTunes and even as recently as October mentioned in negotiations with labels offer unlimited access for a monthly fee.

Announcement on Tuesday, saying he is buying opportunity for investors. Piper Jaffray seeks $ 431 and overweight rating AAPL shares

«Apple growing family connected devices (iPhone, iPad, iPod touch, Apple TV and Macs), it only makes sense that Apple will make cloud-based media service to use its competitive advantage in: gadgets, "Munster said."As part of the new Apple TV with limited storage, lower prices and an emphasis on access to content on the Internet fits nicely. "

The analyst also once again, it has long been believed that Apple plans to television connected to the Internet over the next few years he believes the service cloud-based iTunes is just another step towards the ultimate goal.







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