Apple, on the other hand, has no problems with monetization. And when applying the $4.42 that Pandora generates per user toward Apple's 500 million users, this amounts to $2.2 billion dollars. It seems aggressive, yes. But even if Apple were to reach 40% penetration, which is realistic within a year, it would still amount to just under $1 billion per year in revenue.
So for those who expect another mediocre product in iRadio and its revenue potential, it's time for you to lower your volume or change your frequency altogether. Save your energy. You'll likely need it to sing Pandora's eulogy.
At the time of publication the author was long AAPL.
This article was written by an independent contributor, separate from TheStreet's regular news coverage.
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