Stock watch

Clem Cham­bers, CEO of ADVFN, the lead­ing stocks & shares web­site

Mac Format - - APPLE WORLD -

Ap­ple has been scaled back as a con­stituent of the NAS­DAQ stock mar­ket be­cause it was dom­i­nat­ing the in­dex, threat­en­ing to make it just a func­tion of Ap­ple’s suc­cess… or oth­er­wise.

This was a sen­si­ble move, but if they had left the Ap­ple weight­ing alone the NAS­DAQ would be well over its cur­rent 5,000, maybe closer to 6,000. In a sense, the NAS­DAQ has been bank­ing Ap­ple prof­its rather than run­ning them.

Back at Ap­ple, mu­sic is about to stream. Down­load­ing tracks for a dol­lar is look­ing old hat and Spo­tify, which streams mu­sic to its sub­scribers’ hearts’ con­tent, is to be chal­lenged head on by Ap­ple Mu­sic.

No band will ever again be able to blame record com­pa­nies for crush­ing their hopes and cre­ativ­ity. With Beats Con­nect, GarageBand and a few bucks, a world of mu­sic dis­tri­bu­tion is avail­able to all, most trail blazed by Ap­ple. And that dis­tri­bu­tion just got wider.

The mu­sic in­dus­try is dead, long live the mu­sic in­dus­try.

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