Apple Plans Streaming Service
Music-industry executives see Apple’s launch, expected to be announced at its developers’ conference next week, as a watershed moment for streaming music.
Apple sells an estimated 85 percent of music downloads worldwide via its iTunes store, but has only a fraction of the streaming business.
Spotify accounts for 86 percent of the on-demand music-streaming market in the US.
Apple is planning to charge US$10 a month for its streaming service. Unlike Spotify, which has an ad-supported service as well subscription, Apple will make only a handful of songs available for free listening.