These four big startups could be toast after today's Apple news
The company refreshed its mobile iOS operating system and its Mac software, and introduced new services and tools covering everything from music to payments to maps.
For the Apple faithful, it was another banner day full of happy news.
But some tech companies watching have reason to be worried:
Apple beefed up the built-in note taking app that comes on iPhones and iPads. The new version of Notes lets you add hand-drawn doodles or sketches to your notes, create checklists and directly access the device's camera to include photos.
The new features are sure to raise the competition with Evernote, the eight-year-old startup that has won a loyal following (and a $1 billion valuation) for its online note-taking app, as well as Microsoft's OneNote product.
Say goodbye to Newsstand and say hello to News. Apple scrapped the previous version of its app for news publishers, which basically served as a hub to launch other news apps such as the New York Times. In its place it introduced News, which presents stories from your favorite publishers in a graphics-rich stream. It looks a lot like what users of Flipboard, a popular newsreading app, are accustomed to.
Flipboard CEO Mike McCue told Bloomberg he's not worried. Flipboard is more focused on sharing, he said, noting that the company (which has recently been reported to have had acquisition talks with Google, Twitter and Yahoo) was already aware of Apple's new app. "We've had Google ship a supposed Flipboard killer; we've had Facebook do that with Facebook Paper; we've seen Yahoo do that, and now Apple," he said.
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But the the competitive landscape is about to undergo a massive change, now that Apple has announced plans to launch a music streaming service.
Apple's once dominant digital music download business may be declining, but the company still has huge influence in the music biz. Apple also has a massive marketing budget, plus hundreds of millions of iPhone and iPad users who will get an icon for the new service when they upgrade to iOS 9, plus 800 million credit cards already on file
Apple's entry into the market was no surprise to competitors. Rdio was ready for the announcement with a clever letter "welcoming" Apple to the party. Spotify CEO Daniel Ek tweeted a comment during Apple's announcement that some interpreted as a reaction to the on-stage events, but later deleted the tweet.
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