5 key takeaways from Apple’s WWDC announcements
Apple (AAPL) sought to reassert a leadership position in the music industry on Monday by announcing its wide-ranging Apple Music offering. But investors weren’t too jazzed. Apple stock fell 0.7% on Monday and was flat, near 128, in afternoon trading on the stock market today. Apple stock had fallen as much as 1.7% earlier Tuesday. Apple dominated music sales for years with its one-two punch of iPod and iTunes. But as music listening shifted from songs purchased from iTunes to streaming music services like Spotify and Pandora (P), Apple’s influence waned.