(Updates from 2:58 p.m. ET with closing information.)
The company noted that it's seen more than 2.5 million unique activations through these integrations.
Pandora Chief Marketing Officer Simon Fleming-Wood said, "The vehicle is the traditional home of radio and thanks to our deep roster of forward-thinking automotive partners, Pandora has been seamlessly incorporated into the dash of more than 100 different vehicle models made available by our partners. We're thrilled that millions of people are enjoying Pandora through these integrations, which make listening to personalized internet radio as easy as AM/FM radio."Pandora is now in more than 100 models available from Acura, BMW, Buick, Cadillac, Chevrolet, Ford, GMC, Honda, Hyundai, Lexus, Lincoln, Mazda, Mercedes-Benz, MINI, Nissan, Scion, Suzuki and Toyota.
BlackBerry (BBRY) shares gained 2.3% to $14.43 as yet another analyst posted a positive report heading into earnings later this week. RBC Capital Markets analyst Mark Sue, who rates shares "sector perform" with an $18 price target, noted earnings might offer something for the bulls and bears, with concerns on handset sales and service revenue worries. He expects BlackBerry to earn 9 cents per share on $3.5 billion in revenue. It comes down to whether or not BB10 is the important turn in the corner or whether near-term units are based on initial sell-in to the channel," Sue wrote in the report. "Key metrics remain gross margins (is BlackBerry cutting deals?); operating margins (is BlackBerry spending to push each incremental unit?) and channel inventories."
Apple (AAPL) shares were lower, off 0.22% to $401.66 on concerns about near-term iPhone sales. Oppenheimer analyst Ittai Kidron lowered his earnings estimate for the June quarter, and cut his price target to $460 from $480, and now expects Apple will sell 26 million iPhones in the quarter, down from 27 million previously. "We're adjusting our June estimates accordingly (lower ASP on mix shift/slight unit cut) to slightly below consensus," Kidron wrote in the note. "We're also significantly pushing back our iPhone estimates for the September quarter as our previous expectation for the timing of a new iPhone release looks overly optimistic."
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