Apple (AAPL) and Comcast in Talks to Team Up on Streaming-TV Service
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Price: $169.02 +1.27%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.3%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.3%
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Shares of Apple (NASDAQ: AAPL) will be on watch Monday morning amid news late Sunday from the Wall Street Journal that the company may be close to unveiling a revolutionary TV product in partnership with the country's largest cable provider.
According to the Journal, Apple and Comcast (NASDAQ: CMCSA) are in talks to allow an Apple set-top box to stream lives shows and movies and bypass network congestion by using Comcast's network backbone.
Apple's goal is to use the cable partnership to provide a TV service that is seamless and where end users aren't being bothered by buffering or other hiccups.
Apple for years has been looking for a viable TV product. With a Comcast partnership it may have found one. A deal between the two, however, is not final and may not even be close, according to one person familiar with the matter.
Elsewhere, Internet video leader Netflix (NASDAQ: NFLX) may find its shares under pressure come Monday. At least investors will be paying close attention to the Apple/Comcast developments.
According to the Journal, Apple and Comcast (NASDAQ: CMCSA) are in talks to allow an Apple set-top box to stream lives shows and movies and bypass network congestion by using Comcast's network backbone.
Apple's goal is to use the cable partnership to provide a TV service that is seamless and where end users aren't being bothered by buffering or other hiccups.
Apple for years has been looking for a viable TV product. With a Comcast partnership it may have found one. A deal between the two, however, is not final and may not even be close, according to one person familiar with the matter.
Elsewhere, Internet video leader Netflix (NASDAQ: NFLX) may find its shares under pressure come Monday. At least investors will be paying close attention to the Apple/Comcast developments.
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