By: Kayla Reyes
It is no secret that Apple is the source for innovation when it comes to gadgets. However, Apple is expected to announce the launch of a new video service that will compete against Netflix, Hulu, Amazon and cable TV.
The idea for the video service is long-awaited and started when co-founder Steve Jobs was alive. He considered building a TV service and business, but wasn’t able to get it done before his death in 2011. Now, CEO Tim Cook is trying to execute his plan.
The video service is expected to have “original TV shows and movies that reportedly cost Apple more than $1 billion — far less than Netflix and HBO spend every year.”
The video service will allow users to networks such as HBO, Showtime, and Starz for a monthly fee. The subscription will consist of news, entertainment and sports that is a part of 200 magazines and newspapers that will be available for $9.99 a month through Apple News.
Sales are starting to decline for the iPhone which caused the company to search for new ways for revenue and growth. Although Apple will continue to focus on their gadgets (iPhones, iPads, computers and Apple TV), let us know if you think their video service will be successful!