Apple Would Announce Its Pandora Competitor In 2013

It has been rumored that Apple is planning to announce the online radio service which will compete with Pandora (P) . The wall street Joumal made up the rumors saying that Apple was starting conversation with many music labels so that offer this new service. The related news reported that Apple and Sony, the world's largest music producing company, could not to reach an agreement in terms of licensing fees. However, rumors reveals that the effort for the music service is the main reason cause the delayed of new iPhone 5. Currently Bloomberg is now reporting that talks with big music labels have strengthened and agreement would be reached in mid-November. Talks rumored to be put emphasis on how to deal with the revenue and if the deal is made Apple could announce the service within the first three months of 2013. Shares of music streaming site pandora about fifteen percent according to the report.
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