Apple (AAPL) Said to Delay Live TV Service Until 2016
Get Alerts AAPL Hot Sheet
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.3%
Join SI Premium – FREE
(Updated - August 13, 2015 5:09 PM EDT)
Apple (NASDAQ: AAPL) said to delay live-TV service until 2016, according to Bloomberg.
UPDATE - Sources said Apple initially wanted to introduce streaming live TV this year, but licensing talks with content providers like CBS Corp. (NYSE: CBS) and 21st Century Fox (Nasdaq: FOXA) have broken down.
Other sources said the Apple doesn't have the computer network capacity to ensure a good viewing experience.
Apple was originally going to make the announcement at its September 9th event, which is when the company is also expected to debut the next versions of its iPhone handset. The company will also debut an updated Apple TV set-top box, among other items.
Apple shares are slightly lower in late trading Thursday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- Apple (AAPL) option IV into events
- AGBA Group Holding (AGBA) selling off into close, down over 17%
Create E-mail Alert Related Categories
Insiders' Blog, Rumors, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!