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Pandora Founder Expects ‘Modest' Dent From ITunes Radio By Andy Fixmer | Bloomberg  –  Tue, Sep 24, 2013 1:32 PM EDT RELATED QUOTES Symbol Price Change AAPL 487.96 P 25.53

pandora Pandora Media Inc. will feel a "modest" impact from Apple Inc.'s new iTunes Radio, according to Tim Westergren, who founded the leading Web music service.

pandora outlet stores Half of Pandora users listen on devices other than those from Apple, which makes the iPhone and iPad, Westergren told investors today at a conference sponsored by Goldman Sachs Group Inc. in New York.

pandora charms sale "We believe iTunes Radio will have a modest impact," Westergen said, without providing specifics.

pandora jewelry wholesale Pandora fell 10 percent yesterday after Apple said more than 11 million listeners tuned in to iTunes Radio since it was released on Sept. 18. Pandora, based in Oakland, California, has 72 million active listeners. The company has been tested by larger competitors, Westergren said, citing iHeartRadio from broadcaster Clear Channel Communications Inc., Westergren said.

pandora jewelry cheap "They launched with a huge marketing budget and no commercials, and Pandora's market share only continued to grow," Westergren said.

pandora silver Pandora, based in Oakland, California, rose 0.7 percent to $24.42 at 1:25 p.m. in New York. Through yesterday, the shares had more than doubled this year. Apple, based in Cupertino, California, was little changed at $491.25.

To contact the reporter on this story: Andy Fixmer in Los Angeles at afixmer@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net

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Date Added: 2013-10-09 14:02:48   Posted by: tlabeotsbran    FLAG