Apple Inc (NASDAQ:AAPL)’s Itune Radio To Debut In Other Countries

Posted by Lynn Eisler October 8, 2013 0 Comment 875 views


Currently Apple Inc (NASDAQ:AAPL)’s iTunes Radio is aired exclusively in the United States. The company has plans of expanding its radio service to a minimum of 4 countries by early 2014. There is some news that the company might start with its expansion plans in Canada, Australia, U.K and New Zealand.

A few weeks ago, Eddy Cue, the Senior Vice-President of Apple Internet Software & Services said that the company wants its radio service to be aired in over 100 countries and he made a special mention about the United Kingdom. The country plays host to the annual iTunes festival every year.

The stage is being set

There was also news that the Apple Inc (NASDAQ:AAPL) had put up job postings for a programmer post in Canada. With this in view, it seems like a Canada launch is right round the corner. Apart from Canada, it seems like Cue also hinted that U.K will be prioritized for an iTunes Radio launch. This service is based on music record labels and thus requires licensing and negotiations individually, within each country. The task is not an easy one and a worldwide iTunes Radio launch will surely take a long time to reach completion.

Monday’s trading session

In Monday’s trading, Apple Inc (NASDAQ:AAPL) rose by 0.98%. The opening price of the shares was $486.56, which climbed to an intraday high of $492.65 and dipped to a close of $487.75. Approximately 11.15 million shares were traded on Monday while an average volume of 13.88 million shares were traded over a 30 day period. The 52-week low of Apple Inc (NASDAQ:AAPL) shares is $385.10 and its 52-week high is $666.00. The company has a market capitalization of $443.12 billion.

About the company

Apple Inc (NASDAQ:AAPL) is engaged in designing, manufacturing and marketing media and mobile communication devices, portable digital-music players, personal computers and a range of related services, software, peripherals, networking-solutions, and 3rd-party digital-content and applications.



About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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