general
06/27/2005, 10:00am, EDT
Monday, June 27th
Apple's iTunes Would Gain With Ruling Against P2P
The iTunes online music-download service "would be the primary beneficiary" in its category of a Supreme Court decision against peer-to-peer file sharing, PiperJaffray this morning said. The firm noted that iTunes has a 70 percent market share in online music. "We believe a decision against P2P file sharing would be positive for online content distribution companies, as a slowdown in P2P activity would likely lead to a pick-up in sales for legitimate online content providers. Although a decision is expected today, but it is possible that the case could be held over to the next session, which would begin in October, PiperJaffray noted." The firm maintained an "outperform" rating on Apple
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