A Chart You Should See: Pandora

NEW YORK (TheStreet) -- Pandora (P) investors aren't taking lightly the news of Spotify coming to smartphones and tablets. Shares of the music streaming service are tumbling 5.6% to $27.61.

Spotify is now offering "freemium" access to its streaming services on Apple (AAPL) iOS devices as well as Google's (GOOG) Android smartphones and tablets. For now, tablets will offer the better option as they provide the same freemium experience that Spotify users get from their desktop units.

On smartphones, Spotify is offering a Shuffle service, similar to what is already out there, with Pandora, iTunes Radio and others, but you can listen to artist specific content, as opposed to artist-like content.

Both the tablet experience and the smartphone experience will include ads.

Meanwhile, TheStreet's Rocco Pendola is arguing that since Spotify's new services are already available by other providers, including Rdio and iTunes Radio, the announcement doesn't alter the streaming sector landscape.

P Chart
P data by YCharts

--Written by Chris Ciaccia in New York

>Contact by Email.

If you liked this article you might like

CEOs Are Dropping Like Flies

How Facebook Is Trying to Avoid a Public Relations Disaster with Songwriters

Can an iTunes for News Succeed? Chartbeat Founder Thinks So

A Robot Will Be Taking Your Job Soon

Facebook's Video Ambitions Spur Talks With Music Industry