Loading...
Loading...
Is
Apple Inc.AAPL beginning to kill off iTunes? For some users
experiencing difficulties in retrieving their downloaded albums, this may be the first sign of what is to come.
Digital Music News, citing its industry sources that hold "close and active business relationships with Apple,"
reported that Apple is focusing more on "when" and not "if" it will permanently shut down iTunes and replace it with their streaming music provider.
However,
Apple quickly set the record straight and issued a rare denial of the report.
Apple's media executive Tom Neumayr told Digital Music News, ""Our response is that it is not true, we are not shutting down iTunes downloads."
Is this the end of the story? For those who want to take the company at their own word, then yes. For others who believe that the future of music listening is a streaming platform, then perhaps no.
Meanwhile, users who reported a loss of some of their downloaded albums on iTunes is
being attributed to a database error that affects a small number of users who use the most recent version of iTunes 12.3.3.
Shares of Apple were trading higher by around 1 percent Friday morning at $91.18.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in