Originally Posted by Tallest Skil
I rather think the point he's making is that they're meaningless in the face of iTunes Radio.
I think that's an overstatement. I do think Pandora will face major competition on iOS, but how bad it will be for Pandora on Apple devices remains to be seen. Many people have spent time creating and seeding stations on Pandora and I don't believe those Pandora power users will be quick to switch. Of course, beyond iOS, Pandora is in good shape. They've been doing a good job (like Netflix) of being bundled in to TVs and Blu-ray players and they have a huge amount of exposure. If you have an Apple TV, iTunes radio makes sense. If you have iOS devices, a Blue-ray player with Pandora, but do not have an Apple TV, I imagine Pandora would still be your preference. Plus, with the media giving attention to iTunes Radio and mentioning Pandora in every, single article, that's a lot of free advertising. I think Pandora may actually see a temporary boost from iTunes Radio.
I think the service in trouble is Last.fm. They really don't have the exposure of Pandora, and while Pandora is finally seeing profits, Last.fm is still reporting losses. I think there is room for iTunes Radio and Pandora, but not room for all three.