Apple (NASDAQ:AAPL) is gaining early traction with its new streaming service, but Fool contributor Rick Munarriz thinks that this will actually help Pandora (NYSE:P).

The market generally doesn't see it that way, so in this video he explains to Rex Moore exactly why he feels that Apple's announcement of 11 million people checking out iTunes Radio within days of its launch is more of an opportunity than a threat to Pandora and its more than 72 million unique monthly listeners.

Rick discusses with Rex the one thing that Apple's arrival can do to make life easier for Pandora.

Rex Moore and Rick Munarriz have no position in any stocks mentioned. The Motley Fool recommends Pandora Media. It recommends and owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.