New Apple Job Listings Bolster Rumors of an iTunes Overhaul
More evidence that suggests Apple (NASDAQ:AAPL) is preparing to overhaul the way that its iTunes Music Store and iTunes Radio operates has emerged. Several recently posted Apple job listings spotted by 9to5Mac revealed that the Cupertino-based company is looking for an iOS Senior Software Engineer for iTunes Radio, an iTunes Recommendations Platform Software Engineer, and an iTunes Software Engineer.
The job descriptions found in each job posting suggests that Apple is looking to revamp its music services. For example, the iTunes Software Engineer job description stated that Apple “is looking for a software engineer to help build innovative features” for iTunes. The job listings also align with several recent reports from Billboard that indicated Apple is considering implementing major changes in its iTunes services due to the overall decline in digital download sales.
Apple launched iTunes Radio last September as a competitor to ad-supported services like Pandora (NYSE:P). However, iTunes Radio has failed to boost Apple’s overall declining digital music sales. According to unnamed label executives cited by Billboard, only 1 to 2 percent of iTunes Radio users opt to buy music through the music streaming service. The “iTunes Radio hasn’t solved the problem of refreshing the iTunes store,” one record label executive told Billboard.
Meanwhile, the popularity of subscription music streaming services such as Spotify continues to grow. According to the latest Nielsen SoundScan data cited by Billboard, digital track sales have slipped 11 percent and U.S. digital album sales are down 13 percent compared to the same time last year. Apple has historically dominated the digital download market and the consumer shift to streaming has undermined the company’s usual music revenue source.