Apple's next product is expected to be a Pandora-esque streaming radio service.
Greg Sandoval at CNET reports Apple's negotiations with labels for a streaming service are "nowhere near to being completed." Further, Apple's offer to the major labels is leaving them "cold," says Sandoval.
Even if Apple upped its offer, Sandoval says it will take a while for the deals to be sorted out. It will be a while before Apple offers streaming radio.
Don't Miss: The Future Of Apple
More From Business Insider
- Technology & Electronics