Is Apple Building an AI-Powered Music Label? -- The Motley Fool

Music has always been a big business for Apple (NASDAQ:AAPL). In creating iTunes and the iPod in the early 2000s, Apple was doing more than making a gadget -- it became the guardian of consumers' prized music collections. The iPod wasn't the first portable MP3 player, but it provided a superior user experience with its trademark white color and circular navigation wheel. Apple integrated the iPod tightly with iTunes and its macOS software, creating a music ecosystem. Music remained important at Apple with the 2014 acquisition of Beats Electronics, a headphone company, which brought with it music talent Dr. Dre and hit-making record producer Jimmy Iovine.