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APPLE

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iPhone owners may soon get original shows for free: Report

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10/11/2018 | 08:26pm EDT

San Francisco As part of a new digital TV strategy, Apple may give owners of its devices, such as the iPhone, iPad and Apple TV, free access to content owned by the company in addition to an option to subscribe to services from legacy media companies, CNBC reported.

The subscription "channels" of the product will allow customers to sign up for online-only services, such as those from HBO and Starz, said the report on Wednesday, citing unnamed people familiar with the matter.

On producing original content, the Cupertino, California-headquartered tech giant is reportedly spending about $1 billion.

When the new services roll out, they may come loaded in the pre-installed "TV" application of Apple devices.

The revamped app may be launched by Apple early next year, the report said, adding that an Apple spokesman, however, declined to comment on the plans.

According to a report in the Wall Street Journal last month, Apple has about 24 original shows in production and development.--IANSgb/bg

(c) 2018 Qatar Tribune. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 257 B
EBIT 2019 62 630 M
Net income 2019 53 422 M
Finance 2019 97 442 M
Yield 2019 1,66%
P/E ratio 2019 15,68
P/E ratio 2020 14,11
EV / Sales 2019 2,83x
EV / Sales 2020 2,76x
Capitalization 827 B
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Number of Analysts 39
Average target price 215 $
Spread / Average Target 20%
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NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
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