AroniSmartInvest Technology News: Apple Acquires Classical Music Service and Plans to Launch Dedicated Music App
On Monday, August 30, 2021, Apple Inc. (NYSE: AAPL) announced that it is acquiring Primephonic, a classical music streaming service. With the acquisition, Apple plans to include Primephonic into the iconic Apple Music. Apple will also launch a dedicated classical music offering, within Apple Music. After the announcement, Apple stock price shot up and ended the day with a 3.04% (+$4.52) increase, to $153.12. In recent analyses, AroniSmart Team has continue to flag Apple as one of the most active and growing stock (see here AroniSmartIntelligence™ in Action: Apple (AAPL) Stock Performance and Momentum Analysis with Support Vector Machine and Dominance Analysis in Q3 2021 and AroniSmartInvest™ in Action: Key Stocks At the End of Summer 2021; Machine Learning, Bayesian Network, Stock Segmentation, Market Sentiment Analyses).