So This Is The End Of iTunes

“Apple still makes billions per year on iTunes downloads. But Spotify, Pandora, and other startups have eroded that business, first with their free streaming services and more recently with a paid subscription model. It’s been clear for a while now that streaming is the music industry’s future: iTunes Store sales dropped an alarming 14 percent in 2014 while revenue in the streaming sector jumped 28 percent. So Apple had a choice: Hold fast to a fading business model, or hasten the transition by getting out in front of it. It made the only sensible call.”