Apple Stock Rises On Streaming News As Analysts See An Amazon-Style Winner

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

Apple’s $4.99-a-month entry into the streaming derby “won’t drive profits” but “will eventually lead to an Amazon Prime-like bundle” and also help its product ec…

Prime-like bundle” and also help its product ecosystem, in the view of Wall Street firm Macquarie Research.

Investors have seemed to mirror analysts’ largely upbeat reaction to Apple’s major product event Tuesday, sending the tech giant’s shares up 3% in mid-day trading Wednesday. The stock was at $222.93 per share on above-average trading volume.presided over the nearly two-hour unveiling of a range of hardware and other offerings, including a new line of iPhones.

Macquarie’s Tim Nollen said Roku, Netflix and Disney are among the most affected by Apple TV+, but said “commercial impact is probably limited.” As Apple ramps up its spending, “over time it could become a bigger threat to Netflix and Disney.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I just see more money out of pocket to watch shows. It isn't enough you have to pay for Netflix, Hulu, Amazon, DisneyPlus soon, cable with extra channels like HBO. Money, money and more money and tv shows nominated, I never heard of because you have to pay to see them.

Investors really get excited by VERY little. The price tag is cheap but still too expensive for something that has hardly any content. Lol & sure u get a year free if you buy an iphone but have u seen how expensive iphones are

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 109. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple prices streaming service Apple TV+ at $4.99 a monthApple announced that its streaming service, Apple TV+, will launch on Nov. 1 and charge $4.99 a month. AppleEvent thewendylee I think I spy TheBirdsPapaya in this photo.
Source: latimes - 🏆 11. / 82 Read more »

Shopify will soon trail only Amazon for US e-commerce, and the stock is soaringShopify is expected to surpass eBay and become the second largest U.S. e-commerce platform behind Amazon in terms of sales volume, according to a note published by R.W. Baird on Monday. cnbc bagholders buybuybuy! can only go higher! 😐 Our mission at is to build the social media platform that ends fake news
Source: CNBC - 🏆 12. / 72 Read more »

Apple unveils the iPhone 11 – three experts on what this means for the stockApple unveiled its latest smartphone and a range of other products including updated watches, iPads and details of its Apple TV+ streaming service in a wide-ranging product launch on Tuesday. Three experts lay out what it could mean for the stock. TradingNation iPoop 11 💩 TradingNation jesusesco21
Source: CNBC - 🏆 12. / 72 Read more »

Apple Unveils iPhone 11, New Details on Apple TV+ Streaming ServiceSlated to hit stores on September 20, the new phones feature three rear-facing cameras, along with a new “Super Retina XDR” OLED display. Does it come packaged with a half-dozen super banal Reese Witherspoon projects? That's a big phone...
Source: RollingStone - 🏆 483. / 51 Read more »

Apple Announces Pricing And Launch Date For Streaming Service Apple TV+Apple finally released details for its forthcoming streaming service, Apple TV+, setting a launch date of November 1 and an introductory price of $4.99 per month. The service will roll out its firs…
Source: DEADLINE - 🏆 109. / 63 Read more »

At $4.99 a month, Apple TV+ undercuts streaming competitorsApple TV+ will be the cheapest television streaming service on the market yet. It will cost $4.99 per month when it launches November 1. DUA TO QUICKLY INCREASE BRAIN POWER I already have too many. Any further will mean dropping old ones. Hmmmm!
Source: CNN - 🏆 4. / 95 Read more »