Niko Waesche is a venture capitalist, entrepreneur, and author of the book Simply Seven: Seven Ways to Create a Sustainable Internet Business.
While digital music services offered by Pandora Media (NYSE: P) and Spotify have captured market share, tech giants such as Apple (Nasdaq: AAPL) and Amazon.com (Nasdaq: AMZN) continue to make a big push for the next generation of consumers. In this audio segment, Waesche analyses why discovery will be crucial for digital music services and shares some small companies in this growing field that consumers and investors should keep their eyes on.
Despite the dominance of iTunes over the past decade, Apple still faces challenges and opportunities just like any other company.
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The Motley Fool's purpose is to help the world invest, better. Take Stock is The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. Click here now to request your free subscription, whilst it's still available. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
A version of this article, written by Chris Hill, originally appeared on fool.com
