Scalper1 News
Apple (AAPL) sought to reassert a leadership position in the music industry on Monday by announcing its wide-ranging Apple Music offering. But investors weren’t too jazzed. Apple stock fell 0.7% on Monday and was flat, near 128, in afternoon trading on the stock market today. Apple stock had fallen as much as 1.7% earlier Tuesday. Apple dominated music sales for years with its one-two punch of iPod and iTunes. But as music listening shifted from songs purchased from iTunes to streaming music services like Spotify and Pandora (P), Apple’s influence waned. Scalper1 News
Scalper1 News