Apple set to launch online radio next year

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Apple have revealed they’re set to launch their own online radio service.

The company is currently in talks with various record labels about launching an ad-sponsored product similar to that of Pandora.

Bloomberg report that the service could be up and running as early as March 2013.

“Radio is a natural step for Apple,” analyst Rich Greenfield said. “This helps Apple dominate in cars, where people listen to an average of two hours of radio a day.”

Pandora, although immensely popular in the United States, has failed to expand to the UK and rest of the world due to licence disagreements.