Listen: Apple, Spotify, Gimblett discussed on All Things Considered
"And it continues to increase chalk, it up to rising interest rates and all those higher price to pick up some SUV's Americans love to drive I'm Mitchell. Hartman for marketplace. From old line manufacturing to the new digital economy now Spotify, the people you might use to listen to your music one you to use them for more than just that. It announced today is buying to podcasts companies Gimblett and anchor a growth strategy. Yes. But with some risks. Marketplace's replenish your has that one. There are podcasts about just about anything podcast created by dentists for dentists our podcast about absolutely nothing meant to help you fall asleep. We did it. See? No Janet, did it. Thank you, Jane, Janet. And there are podcasts about podcasts. We explored the expanding universe podcasts. Spotify. Once as many original podcasts as it can get its hands on. It's a safe bet to consider that listening of non music content is going to continue to grow and they're trying to get ahead of that curve. Serono Elton teaches at the frost school of music at the university of Miami in the same way that Netflix Amazon or even AT and T have been creating original content for their platforms. Spotify wants to do that for audio. So they bought Gimblett an acre. It's a risky goal because the profitability of hot casting. It's still a little bit unknown at the moment. John Sullivan is professor of media and communications at mule bird college. But he says there are real opportunities. Spotify can distribute podcasts on both Android phones and iphones podcast can be turned into TV shows like gimmicks homecoming and data opportunities g Johnson directs the UCLA center for music innovation. There's data to be harvested from podcast users, but all of these possibilities for growth. Come at a cost says muhlenberg colleges Sullivan, it's going to take a wild or Spotify to recoup the money that they paid reportedly two hundred million dollars. Forgive let alone in New York. I'm sure for marketplace. It's a lot of podcasts on two hundred million dollars late yesterday apple announced that its head of retail. Angela Aaron is leaving errands joined apple in two thousand fourteen after leading a big turnaround at the luxury fashion giant Burberry tried to do the same thing at apple sitting out to turn apple stores into what she called the town squares. Marketplace's Justin home checks in on how that's been going back in the early two thousands. Apple stores were a novelty people went there to check out products. They'd never seen before I pods. And I max, but in recent years, the store's average customer has changed. There are already familiar with apple they already have products. But they go to a store to get help with those products. That's apple analysts Neil cyber. He says the town square model was meant to change that to bring people in to take classes or see concerts, maybe have some food or coffee retail analyst cerita could Dolly at foresters has Apple's tried this at a few flagship stores, but when you go in. To most apple stores now isn't really that different than what they were. You know over the years. It doesn't help that apple hasn't had a blockbuster new product to sell for awhile. Meanwhile, customers have been finding the retail experience kinda slow says analysts Colin Gillis at Chatham road partners. You can't walk in and get a same-day appointment wait times to get service. Gillis has Apple's likely to focus on improving it service. That means hiring more staff and more workers who can answer technical questions. Analysts. Neil Seibert says apple needs to make sure those employees are happy to your interaction with an apple store employees is gonna probably make or break your experience. Seibert says it's fitting that Apple's new head of retail Deirdre O'Brien is also in charge of human resources for the company in New York. I'm Justin how for marketplace. Elsewhere in retail toys, we'll get a snapshot of how that industry is doing post toys R us when Mattel and Hasbro report quarterly profits. Tomorrow fo- coverage in the morning on the marketplace morning report on Wall Street this Wednesday. Kind of a split decision. Really? We'll have the details when we."