Google Tunes Music Store to Follow Google Video?
Is Google rolling out its answer to Apple iTunes in the shadows of Google Video Store? Some wall street analysts think so and have declared Google stock to outperform based upon their assumptions. Forbes.com reports :
“We believe that Google is in the midst of creating its own iTunes competitor, which we’ve dubbed ‘Google Tunes’,” the analyst wrote in a client note issued today. “We think this is a logical step, now that the nascent Google Video product has been introduced.”
Analyst Robert Peck speculated that it makes sense for Google to create a rival for the popular iTunes service by Apple Computer, “Further, Nielsen [Net Ratings] indicates that iTunes users form a distinct target audience with brand preferences along autos, alcohol beverages, magazines, and television,” he added.
“We would expect Google to rollout a Beta service within 3 to 6 months. We note that Google has not confirmed our expectations, and that our thinking is based on Mosaic theory,” said Peck. “However, we do think this fits with Google’s recent moves and its ultimate goal of organizing the world’s information.”
