The beat goes on

Yahoo’s First-Quarter Profit doubles! In the same announcement, you’ll notice this:

In a bid for even more traffic, Yahoo plans to introduce a new digital music store later this year. In an interview Tuesday, Semel declined to provide details, but indicated it would include features that will compete with Apple Computer Inc.’s popular store, which allows consumers to download individual songs for 99 cents apiece.

“I hope it is even more popular,” than iTunes, Semel said. Yahoo plans to introduce the new music features in early summer.

I’ve seen the internal beta. It totally rocks! (pun intended).